Cloudflare (NYSE: NET) director sells 2,520 shares and exercises options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cloudflare, Inc. director John Graham-Cumming reported option exercises and share sales in Class A common stock. On July 6, 2026, he exercised stock options for 2,520 shares at an exercise price of $44.72 per share and reported open-market sales totaling 2,520 shares at weighted-average prices in the mid-$240s, executed in multiple trades.
The transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on May 28, 2025. After these trades, he directly holds 494,909 shares of Cloudflare Class A common stock, indicating he retains a substantial equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,520 shares ($623,156)
Net Sell
8 txns
Insider
Graham-Cumming John
Role
Director
Sold
2,520 shs ($623K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 2,520 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,520 | $44.72 | $113K |
| Sale | Class A Common Stock | 138 | $245.5965 | $34K |
| Sale | Class A Common Stock | 940 | $246.2828 | $232K |
| Sale | Class A Common Stock | 686 | $247.4408 | $170K |
| Sale | Class A Common Stock | 562 | $248.4438 | $140K |
| Sale | Class A Common Stock | 182 | $249.3763 | $45K |
| Sale | Class A Common Stock | 12 | $250.1475 | $3K |
Holdings After Transaction:
Stock Option (right to buy) — 2,520 shares (Direct);
Class A Common Stock — 497,429 shares (Direct)
Footnotes (1)
- 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $244.825 to $245.82, inclusive. The reporting person undertakes to provide to 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 (6) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.85 to $246.84, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.995 to $247.9675, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.02 to $249.015, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.045 to $249.75, inclusive. Shares subject to the option are fully vested and immediately exercisable.
Key Figures
Shares sold: 2,520 shares
Option exercise shares: 2,520 shares
Option exercise price: $44.72 per share
+3 more
6 metrics
Shares sold
2,520 shares
Open-market sales of Class A Common Stock on July 6, 2026
Option exercise shares
2,520 shares
Stock option exercise into Class A Common Stock
Option exercise price
$44.72 per share
Strike price of stock option exercised July 6, 2026
Post-transaction holdings
494,909 shares
Direct Class A Common Stock held after reported transactions
Highest reported sale price
$250.1475 per share
One sale tranche price for Class A Common Stock
Lowest sale price range
$244.825 per share
Lower bound of one weighted-average sale price range
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Option (right to buy), Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"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."
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)"
Class A Common Stock financial
"security_title: Class A Common Stock"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What stock options did John Graham-Cumming exercise in Cloudflare (NET)?
He exercised a stock option for 2,520 shares of Cloudflare Class A common stock. The option carried an exercise price of $44.72 per share, was fully vested and immediately exercisable, and expires on February 13, 2032.
What does transaction code M mean in this Cloudflare (NET) Form 4?
Transaction code M indicates an exercise or conversion of a derivative security. Here, it reflects John Graham-Cumming exercising a stock option for 2,520 shares of Cloudflare Class A common stock at a strike price of $44.72 per share.