Cloudflare (NET) chief legal officer sells 3,000 shares under plan

Rhea-AI Filing Summary

Cloudflare, Inc.'s chief legal officer, Douglas James Kramer, reported selling 3,000 shares of Class A common stock on February 2, 2026 at $176.19 per share. This was an open-market sale coded "S" and left him holding 101,101 shares directly.

The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan that Kramer adopted on November 25, 2024, which is designed to allow insiders to sell shares according to a preset schedule.

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).

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^*

Kramer Douglas James

(Last) (First) (Middle)

C/O CLOUDFLARE, INC.

900 19TH STREET NW, SUITE 375

(Street)

WASHINGTON DC 20006

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF LEGAL OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

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

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

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

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	02/02/2026		S(1)		3,000	D	$176.19	101,101	D

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 sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2024.

	/s/ Chad Skinner, by power of attorney	02/03/2026
	** 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.

FAQ

What insider transaction did Cloudflare (NET) disclose in this Form 4?

Cloudflare reported that its chief legal officer, Douglas James Kramer, sold 3,000 shares of Class A common stock. The sale occurred on February 2, 2026 at a price of $176.19 per share in an open-market transaction coded as a sale.

How many Cloudflare (NET) shares did the insider retain after the sale?

After the reported sale, Douglas James Kramer beneficially owned 101,101 shares of Cloudflare Class A common stock directly. This figure reflects his holdings immediately following the 3,000-share disposition reported in the Form 4 filing for February 2, 2026.

At what price were the Cloudflare (NET) shares sold by the chief legal officer?

The 3,000 Cloudflare Class A common shares were sold at $176.19 per share. This transaction price is disclosed in the Form 4 and applies to the entire reported block sold on February 2, 2026 in the open market.

Was the Cloudflare (NET) insider sale part of a Rule 10b5-1 trading plan?

Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan adopted by Douglas James Kramer on November 25, 2024. Such plans pre-schedule trades to help insiders systematically sell shares over time.

What role does the reporting person hold at Cloudflare (NET)?

The reporting person, Douglas James Kramer, serves as Cloudflare’s chief legal officer. His status as an officer is disclosed in the filing, which identifies him with the title "CHIEF LEGAL OFFICER" and reports his direct ownership of Class A common stock.

Is this Cloudflare (NET) Form 4 filed for one or multiple reporting persons?

This Form 4 is filed for a single reporting person, Douglas James Kramer. The document marks the line indicating the form is filed by one reporting person and does not list any joint or group reporting relationships with other insiders or entities.