Cloudflare (NYSE: NET) CFO holds 110,846 shares after tax withholding
Rhea-AI Filing Summary
Cloudflare, Inc. (NET) reported an insider transaction by Chief Financial Officer Thomas J. Seifert. On 2026-08-15, 2,944 shares of Class A Common Stock were disposed of at $315.78 per share to satisfy tax liabilities related to vesting RSUs, reducing his directly held shares to 110,846. An additional 92,337 shares are held indirectly through a 2026 Seifert Grantor Retained Annuity Trust for which he serves as trustee.
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Insights
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Insider Trade Summary
Net Seller: 2,944 shares
Net Sell
2 txns
Insider
SEIFERT THOMAS J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 2,944 | $315.78 | $930K |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 110,846 shares (Direct);
Class A Common Stock — 92,337 shares (Indirect, See footnote)
Footnotes (2)
- F1. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.
- F2. The shares are held of record by the 2026 Seifert Grantor Retained Annuity Trust dated May 27, 2026, for which the reporting person serves as trustee.
Key Figures
Shares disposed for tax withholding: 2,944 shares
Transaction price per share: $315.78
Direct shares after transaction: 110,846 shares
+1 more
4 metrics
Shares disposed for tax withholding
2,944 shares
Class A Common Stock withheld on 2026-08-15 to satisfy RSU-related tax liability
Transaction price per share
$315.78
Per-share value used for the 2,944-share tax-withholding disposition
Direct shares after transaction
110,846 shares
Direct Class A Common Stock held by Thomas J. Seifert following the 2026-08-15 transaction
Indirect trust holdings
92,337 shares
Class A shares held by the 2026 Seifert Grantor Retained Annuity Trust, where Seifert is trustee
Key Terms
restricted stock units, RSUs, Grantor Retained Annuity Trust
3 terms
restricted stock units financial
"tax liability in connection with the vesting of restricted stock units, or RSUs"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"tax liability in connection with the vesting of restricted stock units, or RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Grantor Retained Annuity Trust financial
"held of record by the 2026 Seifert Grantor Retained Annuity Trust dated May 27, 2026"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
FAQ
What insider transaction did Cloudflare (NET) report for CFO Thomas J. Seifert?
Cloudflare reported that CFO Thomas J. Seifert disposed of 2,944 Class A shares on 2026-08-15. The shares were withheld to cover tax liabilities arising from the vesting of restricted stock units (RSUs).
Was the Cloudflare (NET) insider transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as using such a plan. The transaction is instead described as shares withheld to satisfy tax liability in connection with vesting RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
