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  4. [Form 4] Cloudflare, Inc. Insider Trading Activity

Cloudflare (NET) CEO trades 86K shares while keeping sizable Class B stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Cloudflare, Inc. CEO Matthew Prince reported a series of indirect transactions in Class A and Class B Common Stock. Trusts associated with him converted Class B Common Stock into 86,014 shares of Class A Common Stock at a conversion price of $0.00 per share, then sold the resulting Class A shares in multiple open-market trades at weighted average prices in the mid-$240s per share. The filing notes these sales were made under a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. As of July 1, 2026, he also held 360,807 shares of Class A Common Stock directly, and several indirect Class B positions that are each convertible into large blocks of Class A shares.

Positive

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Insider Prince Matthew
Role CEO & Board Co-Chair
Sold 86,014 shs ($21.10M)
Approx. gross sale proceeds $21.10M
Approx. exercise cost $0.00
Approx. pre-tax spread $21.10M
Type Security Shares Price Value
Conversion Class B Common Stock 18,752 $0.00 $0.00
Conversion Class B Common Stock 33,631 $0.00 $0.00
Conversion Class A Common Stock 18,752 $0.00 $0.00
Sale Class A Common Stock 106 $244.8702 $26K
Sale Class A Common Stock 4,182 $245.9338 $1.03M
Sale Class A Common Stock 4,686 $246.6262 $1.16M
Sale Class A Common Stock 5,170 $247.646 $1.28M
Sale Class A Common Stock 3,624 $248.6202 $901K
Sale Class A Common Stock 965 $249.5209 $241K
Sale Class A Common Stock 19 $250.3897 $5K
Conversion Class A Common Stock 33,631 $0.00 $0.00
Sale Class A Common Stock 288 $243.8195 $70K
Sale Class A Common Stock 1,883 $245.6074 $462K
Sale Class A Common Stock 11,370 $246.2398 $2.80M
Sale Class A Common Stock 8,804 $247.3796 $2.18M
Sale Class A Common Stock 7,678 $248.3155 $1.91M
Sale Class A Common Stock 3,288 $249.2007 $819K
Sale Class A Common Stock 320 $249.993 $80K
Conversion Class B Common Stock 33,631 $0.00 $0.00
Conversion Class A Common Stock 33,631 $0.00 $0.00
Sale Class A Common Stock 4,709 $239.6359 $1.13M
Sale Class A Common Stock 5,738 $240.4814 $1.38M
Sale Class A Common Stock 8,724 $241.6077 $2.11M
Sale Class A Common Stock 6,481 $242.3757 $1.57M
Sale Class A Common Stock 762 $243.4556 $186K
Sale Class A Common Stock 1,738 $244.6423 $425K
Sale Class A Common Stock 2,510 $245.4885 $616K
Sale Class A Common Stock 2,405 $246.7104 $593K
Sale Class A Common Stock 564 $247.3302 $139K
holding Class B Common Stock -- -- --
holding Class B Common Stock -- -- --
holding Class B Common Stock -- -- --
holding Class B Common Stock -- -- --
holding Class B Common Stock -- -- --
holding Class B Common Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class B Common Stock — 25,247,370 shares (Indirect, See footnote); Class A Common Stock — 0 shares (Indirect, See footnote); Class A Common Stock — 360,807 shares (Direct)
Footnotes (33)
  1. F1. Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.
  2. F2. 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.
  3. F3. 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.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $239.035 to $240.0325, 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 (4) through (12) and (14) through (27) to this Form 4.
  5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $240.0375 to $241.035, inclusive.
  6. F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $241.04 to $242.035, inclusive.
  7. F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $242.04 to $243.03, inclusive.
  8. F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $243.04 to $243.93, inclusive.
  9. F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $244.0675 to $245.05, inclusive.
  10. F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.07 to $246.02, inclusive.
  11. F11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.23 to $247.215, inclusive.
  12. F12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.23 to $247.485, inclusive.
  13. F13. The shares are held of record by The Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.
  14. F14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $244.18 to $245.05, inclusive.
  15. F15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.1825 to $246.18, inclusive.
  16. F16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.185 to $247.18, inclusive.
  17. F17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.185 to $248.175, inclusive.
  18. F18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.185 to $249.175, inclusive.
  19. F19. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.225 to $250.1075, inclusive.
  20. F20. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $250.345 to $250.43, inclusive.
  21. F21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $243.5125 to $244.18, inclusive.
  22. F22. 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 $245.8225, inclusive.
  23. F23. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.825 to $246.81, inclusive.
  24. F24. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.83 to $247.8275, inclusive.
  25. F25. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.8375 to $248.83, inclusive.
  26. F26. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.85 to $249.81, inclusive.
  27. F27. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.85 to $250.43, inclusive.
  28. F28. The shares are held of record by The Prince Family Nonexempt Irrevocable Trust dated March 29, 2016, for which the reporting person serves as an investment advisor.
  29. F29. The shares are held of record by The Prince Family Exempt Irrevocable Trust dated March 29, 2016, for which the reporting person serves as an investment advisor.
  30. F30. The shares are held of record by The Matthew Prince 2024 Grantor Retained Annuity Trust dated May 20, 2024, for which the reporting person serves as co-trustee and investment advisor.
  31. F31. The shares are held of record by The Matthew Prince 2024 Grantor Retained Annuity Trust 2 dated August 20, 2024, for which the reporting person serves as co-trustee and investment advisor.
  32. F32. The shares are held of record by The Matthew Prince 2025 Grantor Retained Annuity Trust dated May 10, 2025, for which the reporting person serves as an investment advisor.
  33. F33. The shares are held of record by The Matthew Prince 2025 Grantor Retained Annuity Trust 2 dated August 11, 2025, for which the reporting person serves as co-trustee and investment advisor.
Shares sold 86,014 shares Net open-market sales of Class A Common Stock
Sale price range $239.035–$250.43 per share Weighted average price ranges from multiple transaction footnotes
Conversion price $0.00 per share Class B to Class A conversion exercise price
Direct Class A holdings 360,807 shares Class A Common Stock held directly as of July 1, 2026
Derivative block example 2,000,000 underlying shares One indirect Class B position convertible into Class A
Rule 10b5-1 plan date February 26, 2026 Adoption date of pre-arranged trading plan
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 February 26, 2026."
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.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions..."
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.
Grantor Retained Annuity Trust financial
"The shares are held of record by The Matthew Prince 2024 Grantor Retained Annuity Trust dated May 20, 2024..."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
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.
Revocable Trust financial
"The shares are held of record by The Matthew Prince Revocable Trust dated October 29, 2015..."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

FAQ

What insider transactions did Cloudflare (NET) report for CEO Matthew Prince?
Cloudflare reported that CEO Matthew Prince’s associated trusts converted derivative Class B shares into 86,014 Class A shares and sold them in open-market trades. These were indirect transactions, not direct personal sales of his individual holdings.

How many Cloudflare (NET) shares were sold in this Form 4 filing?
The Form 4 shows net open-market sales of 86,014 shares of Cloudflare Class A Common Stock. These shares came from conversions of Class B derivatives held by various Prince family trusts into Class A stock.

At what prices were Cloudflare (NET) shares sold in the reported trades?
The reported sales used weighted average prices, with detailed footnotes showing trade ranges between $239.035 and $250.43 per share. Individual transactions were executed across multiple price points within these disclosed ranges.

Were the Cloudflare (NET) insider sales made under a Rule 10b5-1 plan?
Yes. A footnote states 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, indicating the trades were pre-arranged.

Does Cloudflare’s CEO still hold Class B shares after these transactions?
Yes. The derivative position table shows multiple indirect Class B Common Stock holdings, each convertible into large blocks of Class A shares at a $0.00 exercise price, indicating significant remaining economic exposure through these instruments.

How many Cloudflare (NET) Class A shares does Matthew Prince hold directly?
The Form 4 shows a direct holding entry for 360,807 shares of Cloudflare Class A Common Stock as of July 1, 2026. This is separate from the indirect trust and Class B derivative positions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Prince Matthew
(Last)(First)(Middle)
C/O CLOUDFLARE, INC.,
405 COMAL STREET
(Street)
AUSTIN TEXAS 78702
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Cloudflare, Inc. [ NET ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
CEO & Board Co-Chair
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock07/02/2026C33,631A(1)33,631ISee footnote(2)
Class A Common Stock07/02/2026S(3)4,709D$239.6359(4)28,922ISee footnote(2)
Class A Common Stock07/02/2026S(3)5,738D$240.4814(5)23,184ISee footnote(2)
Class A Common Stock07/02/2026S(3)8,724D$241.6077(6)14,460ISee footnote(2)
Class A Common Stock07/02/2026S(3)6,481D$242.3757(7)7,979ISee footnote(2)
Class A Common Stock07/02/2026S(3)762D$243.4556(8)7,217ISee footnote(2)
Class A Common Stock07/02/2026S(3)1,738D$244.6423(9)5,479ISee footnote(2)
Class A Common Stock07/02/2026S(3)2,510D$245.4885(10)2,969ISee footnote(2)
Class A Common Stock07/02/2026S(3)2,405D$246.7104(11)564ISee footnote(2)
Class A Common Stock07/02/2026S(3)564D$247.3302(12)0ISee footnote(2)
Class A Common Stock07/06/2026C18,752A(1)18,752ISee footnote(13)
Class A Common Stock07/06/2026S(3)106D$244.8702(14)18,646ISee footnote(13)
Class A Common Stock07/06/2026S(3)4,182D$245.9338(15)14,464ISee footnote(13)
Class A Common Stock07/06/2026S(3)4,686D$246.6262(16)9,778ISee footnote(13)
Class A Common Stock07/06/2026S(3)5,170D$247.646(17)4,608ISee footnote(13)
Class A Common Stock07/06/2026S(3)3,624D$248.6202(18)984ISee footnote(13)
Class A Common Stock07/06/2026S(3)965D$249.5209(19)19ISee footnote(13)
Class A Common Stock07/06/2026S(3)19D$250.3897(20)0ISee footnote(13)
Class A Common Stock07/06/2026C33,631A(1)33,631ISee footnote(2)
Class A Common Stock07/06/2026S(3)288D$243.8195(21)33,343ISee footnote(2)
Class A Common Stock07/06/2026S(3)1,883D$245.6074(22)31,460ISee footnote(2)
Class A Common Stock07/06/2026S(3)11,370D$246.2398(23)20,090ISee footnote(2)
Class A Common Stock07/06/2026S(3)8,804D$247.3796(24)11,286ISee footnote(2)
Class A Common Stock07/06/2026S(3)7,678D$248.3155(25)3,608ISee footnote(2)
Class A Common Stock07/06/2026S(3)3,288D$249.2007(26)320ISee footnote(2)
Class A Common Stock07/06/2026S(3)320D$249.993(27)0ISee footnote(2)
Class A Common Stock360,807D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock(1)07/02/2026C33,631 (1) (1)Class A Common Stock33,631$02,884,563ISee footnote(2)
Class B Common Stock(1)07/06/2026C18,752 (1) (1)Class A Common Stock18,752$04,239,876ISee footnote(13)
Class B Common Stock(1)07/06/2026C33,631 (1) (1)Class A Common Stock33,631$02,850,932ISee footnote(2)
Class B Common Stock(1) (1) (1)Class A Common Stock6,928,4086,928,408ISee footnote(28)
Class B Common Stock(1) (1) (1)Class A Common Stock1,060,0001,060,000ISee footnote(29)
Class B Common Stock(1) (1) (1)Class A Common Stock3,065,0153,065,015ISee footnote(30)
Class B Common Stock(1) (1) (1)Class A Common Stock3,103,1393,103,139ISee footnote(31)
Class B Common Stock(1) (1) (1)Class A Common Stock2,000,0002,000,000ISee footnote(32)
Class B Common Stock(1) (1) (1)Class A Common Stock2,000,0002,000,000ISee footnote(33)
Explanation of Responses:
1. Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.
2. 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.
3. 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.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $239.035 to $240.0325, 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 (4) through (12) and (14) through (27) to this Form 4.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $240.0375 to $241.035, inclusive.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $241.04 to $242.035, inclusive.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $242.04 to $243.03, inclusive.
8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $243.04 to $243.93, inclusive.
9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $244.0675 to $245.05, inclusive.
10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.07 to $246.02, inclusive.
11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.23 to $247.215, inclusive.
12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.23 to $247.485, inclusive.
13. The shares are held of record by The Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.
14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $244.18 to $245.05, inclusive.
15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.1825 to $246.18, inclusive.
16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.185 to $247.18, inclusive.
17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.185 to $248.175, inclusive.
18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.185 to $249.175, inclusive.
19. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.225 to $250.1075, inclusive.
20. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $250.345 to $250.43, inclusive.
21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $243.5125 to $244.18, inclusive.
22. 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 $245.8225, inclusive.
23. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.825 to $246.81, inclusive.
24. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.83 to $247.8275, inclusive.
25. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.8375 to $248.83, inclusive.
26. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.85 to $249.81, inclusive.
27. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.85 to $250.43, inclusive.
28. The shares are held of record by The Prince Family Nonexempt Irrevocable Trust dated March 29, 2016, for which the reporting person serves as an investment advisor.
29. The shares are held of record by The Prince Family Exempt Irrevocable Trust dated March 29, 2016, for which the reporting person serves as an investment advisor.
30. The shares are held of record by The Matthew Prince 2024 Grantor Retained Annuity Trust dated May 20, 2024, for which the reporting person serves as co-trustee and investment advisor.
31. The shares are held of record by The Matthew Prince 2024 Grantor Retained Annuity Trust 2 dated August 20, 2024, for which the reporting person serves as co-trustee and investment advisor.
32. The shares are held of record by The Matthew Prince 2025 Grantor Retained Annuity Trust dated May 10, 2025, for which the reporting person serves as an investment advisor.
33. The shares are held of record by The Matthew Prince 2025 Grantor Retained Annuity Trust 2 dated August 11, 2025, for which the reporting person serves as co-trustee and investment advisor.
Remarks:
This Form 4 is the second of two forms being filed to report transactions by the reporting person occurring on July 1, 2026 through July 6, 2026.
/s/ Charlotte Bowe, by power of attorney07/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR