Cloudflare director sells shares, exercises options
Cloudflare, Inc. director John Graham-Cumming reported a combination of share sales and an option exercise in Class A common stock.
Rhea-AI Filing Summary
Cloudflare, Inc. director John Graham-Cumming reported a combination of share sales and an option exercise in Class A common stock. On June 15, 2026, he executed open-market sales totaling 2,520 shares at weighted average prices reported between about $231.58 and $238.615 per share, in multiple transactions.
The sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on May 28, 2025. He also exercised stock options for 2,520 shares at an exercise price of $44.72 per share, from options that are fully vested and immediately exercisable and scheduled to expire on February 13, 2032.
Following these transactions, Graham-Cumming directly holds 494,067 shares of Cloudflare Class A common stock and 5,040 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 2,520 shares ($482K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Graham-Cumming John
Role
Director
Sold
2,520 shs ($595K)
Approx. gross sale proceeds
$595K
Approx. exercise cost
$113K
Approx. pre-tax spread
$482K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 2,520 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,520 | $44.72 | $113K |
| Sale | Class A Common Stock | 44 | $231.6005 | $10K |
| Sale | Class A Common Stock | 144 | $233.4633 | $34K |
| Sale | Class A Common Stock | 748 | $234.7992 | $176K |
| Sale | Class A Common Stock | 596 | $235.7474 | $141K |
| Sale | Class A Common Stock | 430 | $236.7593 | $102K |
| Sale | Class A Common Stock | 504 | $238.0236 | $120K |
| Sale | Class A Common Stock | 54 | $238.5189 | $13K |
Holdings After Transaction:
Stock Option (right to buy) — 5,040 contracts (Direct);
Class A Common Stock — 494,067 shares (Direct)
Footnotes (9)
- 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 $231.58 to $231.625, 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 (8) 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 $233.145 to $233.97, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.29 to $235.27, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.30 to $236.29, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.335 to $237.265, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $237.485 to $238.44, inclusive.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.49 to $238.615, inclusive.
- F9. Shares subject to the option are fully vested and immediately exercisable.
Key Figures
Shares sold: 2,520 shares
Sale price ranges: $231.58–$238.615 per share
Options exercised: 2,520 shares
+5 more
8 metrics
Shares sold
2,520 shares
Open-market sales of Class A common stock on June 15, 2026
Sale price ranges
$231.58–$238.615 per share
Weighted average price ranges across multiple transactions
Options exercised
2,520 shares
Stock options exercised into Class A common stock
Option exercise price
$44.72 per share
Exercise price for stock options exercised on June 15, 2026
Shares held after
496,587 shares
Direct Class A common stock holdings following transactions
Options held after
5,040 options
Remaining stock options outstanding after the reported exercise
Option expiration
February 13, 2032
Expiration date for the stock options exercised and remaining
Rule 10b5-1 plan adoption
May 28, 2025
Date the trading plan governing the sales was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Option (right to buy), Class A Common Stock
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 adopted by the reporting person on May 28, 2025."
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. These shares were sold in multiple transactions at prices ranging from $231.58 to $231.625, inclusive."
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.
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy) with an exercise price of $44.7200 and expiration date of February 13, 2032."
Class A Common Stock financial
"Transactions involve Class A Common Stock, including open-market sales and shares underlying exercised options."
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.
FAQ
What insider transactions did Cloudflare (NET) report for John Graham-Cumming?
Cloudflare director John Graham-Cumming reported open-market sales of 2,520 Class A shares and the exercise of stock options for 2,520 shares. All transactions occurred on June 15, 2026, and involve directly held shares and options.
Did John Graham-Cumming’s Cloudflare (NET) sales occur under a Rule 10b5-1 plan?
Yes. The filing states the reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted on May 28, 2025. Such plans pre-schedule trades, indicating these transactions were arranged in advance rather than timed at the insider’s discretion.
What stock options did John Graham-Cumming exercise at Cloudflare (NET)?
He exercised stock options covering 2,520 shares of Cloudflare Class A common stock at an exercise price of $44.72 per share. The options are fully vested, immediately exercisable, and are scheduled to expire on February 13, 2032, according to the filing.
What does weighted average price mean in John Graham-Cumming’s Cloudflare (NET) Form 4?
Weighted average price means each reported sale price reflects multiple trades within a specified price range. The filing notes ranges like $231.58 to $231.625, and the insider undertakes to provide full trade-by-trade details to the issuer, shareholders, or SEC staff upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
