Cloudflare director sells 15,000 shares via trust
Cloudflare director Carl Ledbetter reported an indirect stock sale and updated holdings.
Rhea-AI Filing Summary
Cloudflare director Carl Ledbetter reported an indirect stock sale and updated holdings. A trust associated with Ledbetter sold 15,000 shares of Cloudflare Class A Common Stock at a weighted average price of $238.1198 per share on an open-market basis.
The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2025. After the transaction, the trust held 908,073 shares indirectly, while Ledbetter also held 19,599 shares directly, indicating the sale represented a small portion of his overall reported position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 15,000 shares
Net Sell
2 txns
Insider
Ledbetter Carl
Role
Director
Sold
15,000 shs ($3.57M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 15,000 | $238.1198 | $3.57M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 908,073 shares (Indirect, See footnote);
Class A Common Stock — 19,599 shares (Direct)
Footnotes (3)
- F1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $237.80 to $238.57, 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.
- F3. The shares are held of record by the Carl S. Ledbetter Trust dated February 14, 2020, for which the reporting person serves as a trustee.
Key Figures
Shares sold: 15,000 shares
Weighted average sale price: $238.1198 per share
Sale price range: $237.80–$238.57 per share
+4 more
7 metrics
Shares sold
15,000 shares
Open-market sale of Class A Common Stock
Weighted average sale price
$238.1198 per share
Reported average for 15,000-share sale
Sale price range
$237.80–$238.57 per share
Range of individual trade prices
Indirect shares after sale
908,073 shares
Held by Carl S. Ledbetter Trust after transaction
Direct shares after sale
19,599 shares
Direct holdings following reported transactions
Plan adoption date
February 14, 2025
Adoption date of Rule 10b5-1 trading plan
Trust date
February 14, 2020
Date of Carl S. Ledbetter Trust
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A Common Stock, indirect ownership, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted"
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
"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.
indirect ownership financial
"total_shares_following_transaction": "908073.0000", "direct_or_indirect": "I""
trust financial
"The shares are held of record by the Carl S. Ledbetter Trust dated February 14, 2020"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cloudflare (NET) director Carl Ledbetter report?
Carl Ledbetter reported an indirect sale of 15,000 shares of Cloudflare Class A Common Stock. The shares were sold in an open-market transaction at a weighted average price of $238.1198 per share, executed under a pre-arranged Rule 10b5-1 trading plan.
Was Carl Ledbetter’s Cloudflare (NET) stock sale part of a trading plan?
Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan adopted on February 14, 2025. Such plans allow insiders to schedule trades in advance, helping separate routine portfolio management from discretionary market-timing decisions.
How are Carl Ledbetter’s indirect Cloudflare (NET) holdings structured?
The indirect holdings are held by the Carl S. Ledbetter Trust dated February 14, 2020. The filing notes that Ledbetter serves as a trustee of this trust, and the reported 15,000-share sale and 908,073-share post-transaction balance relate to this trust account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
