Cloudflare (NYSE: NET) CFO has 20,477 shares withheld for RSU taxes

Rhea-AI Filing Summary

Cloudflare, Inc. Chief Financial Officer Thomas J. Seifert reported a disposition of 20,477 shares of Class A Common Stock on February 15, 2026. The shares were withheld to satisfy his tax liability in connection with the vesting of restricted stock units. After this tax-withholding disposition, he beneficially owns 117,009 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SEIFERT THOMAS J

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	20,477	$195.85	$4.01M

Holdings After Transaction: Class A Common Stock — 117,009 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).

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^*

SEIFERT THOMAS J

(Last) (First) (Middle)

C/O CLOUDFLARE, INC.

405 COMAL STREET

(Street)

AUSTIN TX 78702

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026

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	02/15/2026		F(1)		20,477	D	$195.85	117,009	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 shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.

Remarks:

	/s/ Chad Skinner, by power of attorney	02/18/2026
	** 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) CFO Thomas J. Seifert report?

Cloudflare CFO Thomas J. Seifert reported a disposition of 20,477 Class A Common Stock shares. The shares were withheld to satisfy his tax liability arising from vesting restricted stock units, according to the filing footnote, rather than being an open-market sale transaction.

Why were Thomas J. Seifert’s Cloudflare shares disposed of in this Form 4?

The 20,477 Cloudflare shares were withheld to satisfy Thomas J. Seifert’s tax liability tied to vesting restricted stock units. This tax-withholding disposition is described in the footnote as payment of tax obligations, not as a discretionary share sale in the market.

How many Cloudflare shares does CFO Thomas J. Seifert hold after this transaction?

After the reported tax-withholding disposition, Thomas J. Seifert beneficially owns 117,009 shares of Cloudflare Class A Common Stock. The filing indicates this amount as his direct ownership following the 20,477 shares withheld for RSU-related tax obligations.

What does transaction code F mean in Thomas J. Seifert’s Cloudflare Form 4?

Transaction code F in this Form 4 indicates payment of an exercise price or tax liability by delivering securities. For Thomas J. Seifert, 20,477 Cloudflare shares were withheld to cover tax obligations connected with the vesting of restricted stock units, per the disclosed description.

Was Thomas J. Seifert’s Cloudflare Form 4 transaction a buy or sell?

The Form 4 classifies the transaction direction as a disposition related to tax withholding, not a standard buy or sell. Shares were withheld to satisfy his tax liability upon vesting of restricted stock units, rather than being purchased or sold on the open market.