Cloudflare (NYSE: NET) CAO keeps 45K shares after RSU tax withholding
Rhea-AI Filing Summary
Cloudflare, Inc. (NET) reported that Chief Accounting Officer Janel Riley had 4,135 shares of Class A common stock withheld on 2026-08-15 to satisfy her tax liability related to vesting restricted stock units. This was a code F transaction (payment of taxes by share withholding), not an open-market sale. Following this event, she directly holds 45,028 shares of Cloudflare Class A common stock.
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Insights
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Insider Trade Summary
Net Seller: 4,135 shares
Net Sell
1 txn
Insider
Riley Janel
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 4,135 | $315.78 | $1.31M |
Holdings After Transaction:
Class A Common Stock — 45,028 shares (Direct)
Footnotes (1)
- F1. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.
Key Figures
Shares withheld for taxes: 4,135 shares
Price per share for withholding: $315.78
Shares held after transaction: 45,028 shares
+1 more
4 metrics
Shares withheld for taxes
4,135 shares
Class A Common Stock withheld on 2026-08-15 for tax liability from RSU vesting
Price per share for withholding
$315.78
Per-share value used for the 4,135 withheld shares in the code F transaction
Shares held after transaction
45,028 shares
Direct ownership of Cloudflare Class A common stock by Janel Riley after the transaction
Exercise-price-or-tax-liability shares
4,135 shares
Total shares reported under code F for payment of tax liability
Key Terms
restricted stock units, tax liability, withheld
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units, or RSUs"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"withheld to satisfy the reporting person's tax liability in connection"
withheld financial
"The shares were withheld to satisfy the reporting person's tax liability"
FAQ
What insider transaction did Cloudflare (NET) disclose for Janel Riley?
Cloudflare (NET) disclosed that Chief Accounting Officer Janel Riley had 4,135 shares of Class A common stock withheld on 2026-08-15 to pay taxes from RSU vesting, leaving her with 45,028 shares held directly.
What does transaction code F mean in the Cloudflare (NET) Form 4?
In this Cloudflare (NET) Form 4, code F indicates payment of tax liability by delivering or withholding securities. Here, 4,135 shares were withheld to cover taxes tied to vesting restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.