Cloudflare, Inc. (NET) CEO’s trust sells 33,631 shares in 10b5-1 plan
Rhea-AI Filing Summary
Cloudflare, Inc. CEO and Board Co-Chair Matthew Prince reported indirect sales of 33,631 shares of Class A Common Stock on August 5, 2026. The 12 open-market transactions involved shares held by The Prince 2021 Remainder Trust, for which he serves as investment advisor.
The sales were executed under a Rule 10b5-1 trading plan adopted on February 26, 2026, at weighted-average prices, with individual trades occurring in ranges between $291.07 and $303.19 per share, as described in the footnotes. Separately, he directly held 360,807 shares as of August 3, 2026.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 33,631 shares
Net Sell
13 txns
Insider
Prince Matthew
Role
CEO & Board Co-Chair
Sold
33,631 shs ($9.96M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3 | 2,352 | $291.5653 | $686K |
| Sale | Class A Common Stock F1, F4, F3 | 720 | $292.7369 | $211K |
| Sale | Class A Common Stock F1, F5, F3 | 1,009 | $293.6415 | $296K |
| Sale | Class A Common Stock F1, F6, F3 | 7,578 | $295.0501 | $2.24M |
| Sale | Class A Common Stock F1, F7, F3 | 9,998 | $295.7556 | $2.96M |
| Sale | Class A Common Stock F1, F8, F3 | 4,798 | $296.8299 | $1.42M |
| Sale | Class A Common Stock F1, F9, F3 | 2,865 | $297.8127 | $853K |
| Sale | Class A Common Stock F1, F10, F3 | 1,474 | $298.8738 | $441K |
| Sale | Class A Common Stock F1, F11, F3 | 1,174 | $299.9426 | $352K |
| Sale | Class A Common Stock F1, F12, F3 | 432 | $301.1421 | $130K |
| Sale | Class A Common Stock F1, F13, F3 | 645 | $302.2001 | $195K |
| Sale | Class A Common Stock F1, F14, F3 | 586 | $302.8594 | $177K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, See footnote);
Class A Common Stock — 360,807 shares (Direct)
Footnotes (14)
- 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 26, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.07 to $292.06, inclusive.
- F3. The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.26 to $293.2525, 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) and (4) through (14) to this Form 4.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.2675 to $294.2025, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.37 to $295.37, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.375 to $296.37, inclusive.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.38 to $297.37, inclusive.
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.39 to $298.39, inclusive.
- F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.41 to $299.4025, inclusive.
- F11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $299.53 to $300.495, inclusive.
- F12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.54 to $301.54, inclusive.
- F13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.60 to $302.575, inclusive.
- F14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.6075 to $303.19, inclusive.
Key Figures
Shares sold: 33,631 shares
Sale price range example (F2): $291.07–$292.06 per share
Direct holdings: 360,807 shares
+2 more
5 metrics
Shares sold
33,631 shares
Aggregate Class A Common Stock sold on 2026-08-05
Sale price range example (F2)
$291.07–$292.06 per share
Weighted-average sale price range for one reported transaction block
Direct holdings
360,807 shares
Directly held Class A Common Stock as of 2026-08-03
Sale transactions
12 transactions
Number of non-derivative sale entries on 2026-08-05
10b5-1 plan adoption date
February 26, 2026
Adoption date of Rule 10b5-1 trading plan governing these sales
Key Terms
Rule 10b5-1 trading plan, weighted average price, Remainder Trust, investment advisor
4 terms
Rule 10b5-1 trading plan regulatory
"The sale reported was effected pursuant to a Rule 10b5-1 trading plan"
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.
Remainder Trust financial
"The shares are held of record by The Prince 2021 Remainder Trust"
investment advisor financial
"for which the reporting person serves as an investment advisor"
An investment advisor is a person or firm that provides personalized guidance on buying, selling and managing investments and often oversees client portfolios for a fee. For investors this matters because the advisor shapes risk, costs and long-term returns, and is typically required by law to act in the client’s best interests — think of them as a financial coach or GPS that helps navigate choices and avoid costly detours.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transaction did Cloudflare (NET) disclose for August 5, 2026?
Cloudflare disclosed that CEO and Board Co-Chair Matthew Prince indirectly sold 33,631 shares of Class A Common Stock on August 5, 2026. The shares were sold in 12 open-market transactions by The Prince 2021 Remainder Trust, where he acts as investment advisor, under a Rule 10b5-1 plan.
How many separate sale transactions did the Cloudflare (NET) Form 4 report for August 5, 2026?
The Form 4 reports 12 separate sale transactions of Cloudflare Class A Common Stock on August 5, 2026. All are coded as open-market or private sales of indirectly held shares, collectively totaling 33,631 shares according to the transaction summary section.