Cloudflare president lists 315,300 shares, 19,615 via trust

Cloudflare, Inc. (NET) discloses updated equity holdings for President and Board Co-Chair Michelle Zatlyn.

Rhea-AI Filing Summary

Cloudflare, Inc. (NET) discloses updated equity holdings for President and Board Co-Chair Michelle Zatlyn. As of the reported August 19, 2026 entries, she holds 315,300 shares of Class A Common Stock directly and 19,615 shares indirectly through The SZ 2021 Irrevocable Trust, where she serves as appointer. The filing notes that the reported activity is under a Rule 10b5-1 trading plan and this particular form records holdings positions rather than specific buy or sell transactions.

Insider Trade Summary 10b5-1

2 transactions reported

Mixed 2 txns

Insider Zatlyn Michelle

Role President and Board Co-Chair

Type	Security	Shares	Price	Value
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock F1	--	--	--

Holdings After Transaction: Class A Common Stock — 315,300 shares (Direct); Class A Common Stock — 19,615 shares (Indirect, See footnote)

Footnotes (1)

1. F1. The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Key Figures

Direct Class A Common Stock holdings: 315,300 shares Indirect Class A Common Stock holdings (trust): 19,615 shares Holding entries reported: 2

3 metrics

Direct Class A Common Stock holdings 315,300 shares Total shares following the August 19, 2026 direct holding entry

Indirect Class A Common Stock holdings (trust) 19,615 shares Total shares following the August 19, 2026 indirect holding entry via The SZ 2021 Irrevocable Trust

Holding entries reported 2 Number of Class A Common Stock holding lines in this Form 4

Key Terms

Class A Common Stock, indirect, Irrevocable Trust

3 terms

Class A Common Stock financial

"security_title: "Class A Common Stock" for reported holdings"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

indirect financial

"direct_or_indirect: "I" with nature_of_ownership marked as indirect"

Irrevocable Trust financial

"The shares are held of record by The SZ 2021 Irrevocable Trust"

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider information does this Form 4 report for Cloudflare (NET)?

It reports the updated holdings of Michelle Zatlyn, Cloudflare’s President and Board Co-Chair, including 315,300 direct shares and 19,615 indirect shares of Class A Common Stock, with the indirect shares held through The SZ 2021 Irrevocable Trust.

How many Cloudflare (NET) shares does Michelle Zatlyn hold directly?

Michelle Zatlyn holds 315,300 shares of Cloudflare Class A Common Stock directly, as shown in the direct ownership line with total shares following the reported holdings entry on August 19, 2026.

How many Cloudflare (NET) shares does Michelle Zatlyn hold indirectly through a trust?

She holds 19,615 shares of Cloudflare Class A Common Stock indirectly. These shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which she serves as the appointer.

What is the role of The SZ 2021 Irrevocable Trust in Michelle Zatlyn’s NET holdings?

The SZ 2021 Irrevocable Trust dated November 6, 2021, holds 19,615 shares of Cloudflare Class A Common Stock of record. The filing states Michelle Zatlyn serves as the appointer of this trust, and these shares are reported as indirect ownership.

Were the reported Cloudflare (NET) transactions under a Rule 10b5-1 plan?

Yes. The filing’s Rule 10b5-1 checkbox is marked true, indicating the reported activity occurred pursuant to a pre-arranged trading plan under Rule 10b5-1.

Does this Form 4 for Cloudflare (NET) show any option or derivative transactions?

No. The derivative securities section shows no derivative positions reported in this filing, and the transaction summary lists 0 derivative transactions and a derivativeTransactionCount of 0.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/21/2026 - 05:29 PM Accepted by SEC EDGAR 08/21/2026 - 05:29 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zatlyn Michelle

(Last) (First) (Middle)

C/O CLOUDFLARE, INC.

101 TOWNSEND STREET

(Street)

SAN FRANCISCO CALIFORNIA 94107

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cloudflare, Inc. [ NET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and Board Co-Chair

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock								315,300	D
Class A Common Stock								19,615	I	See footnote(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Remarks:

This Form 4 is the second of two forms being filed to report transactions by the reporting person occurring on August 19, 2026 through August 21, 2026.

	/s/ Charlotte Bowe, by power of attorney	08/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)