Cloudflare (NET) CLO sells 16,243 shares and exercises 10,001 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cloudflare, Inc. Chief Legal Officer Alissa Michelle Starzak reported multiple transactions in Class A Common Stock. On May 28, 2026, she sold a total of 16,243 shares in open-market transactions at weighted average prices ranging from about $213 to $218 per share under a Rule 10b5-1 trading plan adopted on February 26, 2026. She also exercised a performance stock option to acquire 10,001 shares at an exercise price of $77.70 per share. Following these trades, she held 118,395 shares of Class A Common Stock directly and 89,999 performance stock options remained outstanding, vesting quarterly beginning on August 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 16,243 shares ($3,510,882)
Net Sell
7 txns
Insider
Starzak Alissa Michelle
Role
Chief Legal Officer
Sold
16,243 shs ($3.51M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Option (right to buy) | 10,001 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,001 | $77.70 | $777K |
| Sale | Class A Common Stock | 1,296 | $213.30 | $276K |
| Sale | Class A Common Stock | 4,520 | $215.0116 | $972K |
| Sale | Class A Common Stock | 3,264 | $216.1169 | $705K |
| Sale | Class A Common Stock | 5,721 | $217.2063 | $1.24M |
| Sale | Class A Common Stock | 1,442 | $218.1346 | $315K |
Holdings After Transaction:
Performance Stock Option (right to buy) — 89,999 shares (Direct, null);
Class A Common Stock — 134,638 shares (Direct, null)
Footnotes (1)
- The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $214.505 to $215.41, 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 (5) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.55 to $216.415, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.71 to $217.66, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $217.80 to $218.79, inclusive. The remaining shares subject to the option vest quarterly beginning on August 15, 2026.
Key Figures
Shares sold: 16,243 shares
Sale prices: $213–$218 per share
Option exercise shares: 10,001 shares
+4 more
7 metrics
Shares sold
16,243 shares
Total Class A Common Stock sold on May 28, 2026
Sale prices
$213–$218 per share
Weighted average price ranges from Form 4 footnotes
Option exercise shares
10,001 shares
Shares acquired via performance stock option exercise
Option exercise price
$77.70 per share
Exercise price of performance stock option
Shares held after trades
118,395 shares
Direct Class A Common Stock holdings after transactions
Remaining performance options
89,999 options
Performance stock options outstanding after exercise
Option expiration
August 4, 2034
Expiration date of the performance stock option grant
Key Terms
Rule 10b5-1 trading plan, weighted average price, Performance Stock Option (right to buy), Class A Common Stock, +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 by the reporting person on February 26, 2026."
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.
Performance Stock Option (right to buy) financial
"Performance Stock Option (right to buy)"
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.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
FAQ
What did Cloudflare (NET) executive Alissa Starzak report in this Form 4?
Alissa Starzak reported a combination of stock sales and an option exercise. She sold 16,243 Class A shares in open-market trades and exercised a performance stock option for 10,001 shares, updating her direct holdings and remaining option position.
What option exercise did Alissa Starzak disclose for Cloudflare (NET)?
She exercised a performance stock option covering 10,001 shares of Class A Common Stock. The exercise price was $77.70 per share, converting derivative rights into actual shares while leaving a substantial performance option balance outstanding.
What performance stock options remain for Alissa Starzak at Cloudflare (NET)?
After exercising 10,001 options, 89,999 performance stock options remain outstanding. These options relate to Class A Common Stock and, according to a footnote, the remaining shares subject to the option vest quarterly beginning on August 15, 2026.