Cloudflare (NYSE: NET) CAO sells 4,160 shares in planned trade

Rhea-AI Filing Summary

Cloudflare, Inc. chief accounting officer Riley Janel reported an open-market sale of 4,160 shares of Class A Common Stock on March 3, 2026 at a price of $180.00 per share. The transaction was executed under a Rule 10b5-1 trading plan adopted on November 24, 2025, and Janel now directly holds 56,791 shares.

Insider Trade Summary

Net Seller: 4,160 shares ($748,800)

Net Sell 1 txn

Insider Riley Janel

Role CHIEF ACCOUNTING OFFICER

Sold 4,160 shs ($749K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	4,160	$180.00	$749K

Holdings After Transaction: Class A Common Stock — 56,791 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Riley Janel

(Last) (First) (Middle)

C/O CLOUDFLARE, INC.

101 TOWNSEND STREET

(Street)

SAN FRANCISCO CA 94107

(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 ACCOUNTING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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	03/03/2026		S(1)		4,160	D	$180	56,791	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 24, 2025.

	/s/ Chad Skinner, by power of attorney	03/04/2026
	** 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) report for Riley Janel?

Cloudflare reported that chief accounting officer Riley Janel sold 4,160 shares of Class A Common Stock. The sale occurred on March 3, 2026, as an open-market transaction at $180.00 per share under a pre-established Rule 10b5-1 trading plan.

At what price did Riley Janel sell Cloudflare (NET) shares?

Riley Janel sold the Cloudflare shares at $180.00 per share. This price applied to 4,160 shares of Class A Common Stock in an open-market sale executed on March 3, 2026, as disclosed in the Form 4 filing.

How many Cloudflare (NET) shares does Riley Janel own after this sale?

After the reported sale, Riley Janel directly owns 56,791 shares of Cloudflare Class A Common Stock. This post-transaction holding reflects the reduction from selling 4,160 shares in the open market as shown in the Form 4 report.

Was the Cloudflare (NET) insider sale made under a Rule 10b5-1 plan?

Yes, the sale was executed under a Rule 10b5-1 trading plan. The footnote states the plan was adopted by Riley Janel on November 24, 2025, and the March 3, 2026 transaction was effected pursuant to that pre-arranged plan.

What role does Riley Janel hold at Cloudflare (NET)?

Riley Janel serves as Cloudflare’s chief accounting officer. The Form 4 identifies Janel as an officer with the title “CHIEF ACCOUNTING OFFICER,” providing context that this insider transaction involves a senior financial executive at the company.