Cloudflare (NYSE: NET) legal chief has 3,775 shares withheld for taxes

Rhea-AI Filing Summary

Cloudflare, Inc. (NET) reported an insider transaction by Chief Legal Officer Alissa Michelle Starzak. On 2026-08-15, 3,775 shares of Class A Common Stock were disposed of at $315.78 per share to satisfy her tax liability in connection with the vesting of restricted stock units. After this tax-withholding event, she directly held 114,620 shares of Cloudflare Class A Common Stock.

Insider Trade Summary

Net Seller: 3,775 shares

Net Sell 1 txn

Insider Starzak Alissa Michelle

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1	3,775	$315.78	$1.19M

Holdings After Transaction: Class A Common Stock — 114,620 shares (Direct)

Footnotes (1)

1. F1. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.

Key Figures

Shares withheld: 3,775 shares Transaction price per share: $315.78 per share Shares held after transaction: 114,620 shares

3 metrics

Shares withheld 3,775 shares Shares of Class A Common Stock withheld on 2026-08-15 to satisfy tax liability

Transaction price per share $315.78 per share Price reported for the 3,775 shares used for tax withholding

Shares held after transaction 114,620 shares Directly owned Class A Common Stock by Alissa Michelle Starzak following the transaction

Key Terms

restricted stock units, tax liability, withheld

3 terms

restricted stock units financial

"in connection with the vesting of restricted stock units, or RSUs"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax liability financial

"withheld to satisfy the reporting person's tax liability in connection"

withheld financial

"The shares were withheld to satisfy the reporting person's tax liability"

FAQ

What insider transaction did Cloudflare (NET) report for Alissa Michelle Starzak?

Cloudflare reported that Chief Legal Officer Alissa Michelle Starzak had 3,775 shares of Class A Common Stock withheld on 2026-08-15 to satisfy tax liability from RSU vesting. This was coded as a Form 4 F transaction.

Was the Cloudflare (NET) insider transaction a market sale or tax withholding?

The transaction was tax withholding, not an open-market sale. 3,775 shares were withheld to cover Alissa Michelle Starzak’s tax liability arising from the vesting of restricted stock units (RSUs).

What price per share was reported in the Cloudflare (NET) Form 4 transaction?

The Form 4 reports a transaction price of $315.78 per share for the 3,775 Class A Common shares used to satisfy tax liability in connection with Alissa Michelle Starzak’s RSU vesting on 2026-08-15.

How many Cloudflare (NET) shares does Alissa Michelle Starzak hold after this Form 4 transaction?

After the reported tax-withholding transaction, Alissa Michelle Starzak directly holds 114,620 shares of Cloudflare Class A Common Stock, as stated in the Form 4 following the 3,775-share disposition.

What does transaction code F mean in the Cloudflare (NET) Form 4 filing?

Transaction code F indicates shares were used for payment of tax liability or exercise price. Here, the footnote clarifies the 3,775 Cloudflare shares were withheld specifically to satisfy tax liability from RSU vesting.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/18/2026 - 05:02 PM Accepted by SEC EDGAR 08/18/2026 - 05:01 PM Learn about SEC filing dates

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^*

Starzak Alissa Michelle

(Last) (First) (Middle)

C/O CLOUDFLARE, INC.

900 19TH STREET NW, SUITE 375

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/15/2026		F(1)		3,775	D	$315.78	114,620	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/ Charlotte Bowe, by power of attorney	08/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)