Cloudflare director exercises options, sells 2,520 shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Cloudflare, Inc. director John Graham-Cumming exercised 2,520 stock options at an exercise price of $44.72 per share into Class A Common Stock and on the same date sold 2,520 shares in multiple open-market transactions at weighted average prices within disclosed ranges, pursuant to a Rule 10b5-1 trading plan adopted on May 28, 2025. The option reported is now fully exercised with 0 derivative shares remaining from that grant.
Insider Trade Summary 10b5-1
Exercise and Sale: 2,520 shares ($653K approx. pre-tax spread)
Exercise and Sale
19 txns
Insider
Graham-Cumming John
Role
Director
Sold
2,520 shs ($766K)
Approx. gross sale proceeds
$766K
Approx. exercise cost
$113K
Approx. pre-tax spread
$653K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F18 | 2,520 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,520 | $44.72 | $113K |
| Sale | Class A Common Stock F1, F2 | 64 | $292.7575 | $19K |
| Sale | Class A Common Stock F1, F3 | 78 | $294.9849 | $23K |
| Sale | Class A Common Stock F1, F4 | 36 | $295.6408 | $11K |
| Sale | Class A Common Stock F1, F5 | 68 | $297.6985 | $20K |
| Sale | Class A Common Stock F1, F6 | 81 | $298.6362 | $24K |
| Sale | Class A Common Stock F1, F7 | 96 | $299.8041 | $29K |
| Sale | Class A Common Stock F1, F8 | 97 | $300.9732 | $29K |
| Sale | Class A Common Stock F1, F9 | 309 | $302.0546 | $93K |
| Sale | Class A Common Stock F1, F10 | 404 | $303.1162 | $122K |
| Sale | Class A Common Stock F1, F11 | 199 | $303.9603 | $60K |
| Sale | Class A Common Stock F1, F12 | 365 | $305.1401 | $111K |
| Sale | Class A Common Stock F1, F13 | 108 | $306.1621 | $33K |
| Sale | Class A Common Stock F1, F14 | 85 | $307.5928 | $26K |
| Sale | Class A Common Stock F1, F15 | 186 | $309.0191 | $57K |
| Sale | Class A Common Stock F1, F16 | 173 | $309.831 | $54K |
| Sale | Class A Common Stock F1, F17 | 146 | $311.3397 | $45K |
| Sale | Class A Common Stock F1 | 25 | $311.90 | $8K |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Class A Common Stock — 494,909 shares (Direct)
Footnotes (18)
- F1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.48 to $293.15, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (17) to this Form 4.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.37 to $295.325, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.455 to $295.87, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.205 to $298.18, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.27 to $299.17, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $299.285 to $300.21, inclusive.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.44 to $301.345, inclusive.
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.5525 to $302.54, inclusive.
- F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.56 to $303.56, inclusive.
- F11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $303.585 to $304.5225, inclusive.
- F12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $304.635 to $305.625, inclusive.
- F13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $305.68 to $306.66, inclusive.
- F14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $307.075 to $308.045, inclusive.
- F15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $308.4225 to $309.35, inclusive.
- F16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $309.475 to $310.355, inclusive.
- F17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $310.71 to $311.66, inclusive.
- F18. Shares subject to the option are fully vested and immediately exercisable.
Key Figures
Options Exercised: 2,520 shares
Shares Sold: 2,520 shares
Option Exercise Price: $44.7200 per share
+4 more
7 metrics
Options Exercised
2,520 shares
Stock Option (right to buy) for Class A Common Stock exercised on 2026-08-10
Shares Sold
2,520 shares
Total Class A Common Stock sold across 17 transactions on 2026-08-10
Option Exercise Price
$44.7200 per share
Exercise price of stock option expiring 2032-02-13
Lowest Disclosed Sale Range Floor
$292.48 per share
Lower bound of weighted average sale price range in footnote (2)
Highest Disclosed Sale Range Ceiling
$311.66 per share
Upper bound of weighted average sale price range in footnote (17)
Option Expiration
2032-02-13
Expiration date of the exercised stock option grant
Net Buy/Sell Shares
-2,520 shares
Net share change from reported buy/sell activity per transaction summary
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A Common Stock, Stock Option (right to buy)
4 terms
Rule 10b5-1 trading plan financial
"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class A Common Stock financial
"underlying_security_title": "Class A Common Stock""
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.
Stock Option (right to buy) financial
"security_title": "Stock Option (right to buy)""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cloudflare (NET) director John Graham-Cumming report in this Form 4?
John Graham-Cumming reported exercising 2,520 stock options at $44.72 per share and selling 2,520 Class A shares in multiple open-market transactions on August 10, 2026, under a Rule 10b5-1 trading plan.
How many Cloudflare (NET) options did John Graham-Cumming exercise and at what price?
He exercised 2,520 stock options for Cloudflare Class A Common Stock at an exercise price of $44.72 per share. The option was fully vested and immediately exercisable and now shows 0 shares remaining from this grant.
Was the Cloudflare (NET) insider trading activity under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by John Graham-Cumming on May 28, 2025, indicating the trades were pre-arranged under that plan.
What is the status and expiration of the Cloudflare (NET) option exercised by John Graham-Cumming?
The option covered 2,520 shares of Class A Common Stock at $44.72 per share, was fully vested and immediately exercisable, and carried an expiration date of February 13, 2032; after this exercise, 0 option shares remain from that grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
