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Cloudflare (NYSE: NET) CEO’s trusts sell shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Cloudflare, Inc. reported insider transactions involving trusts associated with CEO and Board Co-Chair Matthew Prince. On June 22–23, 2026, these trusts sold a net 104,768 shares of Class A Common Stock in open-market trades at weighted average prices spanning from about $212.43 to $230.04 per share.

The filing also shows that trusts converted a total of 79,218 shares of Class B Common Stock into an equal number of Class A shares, reflecting the one-to-one, no-expiration convertibility of Class B into Class A. One reported indirect account held 52,384 Class A shares after these transactions. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 11, 2025, indicating the timing was set in advance.

Positive

  • None.

Negative

  • None.
Insider Prince Matthew
Role CEO & Board Co-Chair
Sold 104,768 shs ($23.22M)
Approx. gross sale proceeds $23.22M
Approx. exercise cost $0.00
Type Security Shares Price Value
Conversion Class B Common Stock 52,384 $0.00 $0.00
Conversion Class A Common Stock 52,384 $0.00 $0.00
Sale Class A Common Stock 395 $216.2062 $85K
Sale Class A Common Stock 483 $217.2044 $105K
Sale Class A Common Stock 370 $218.2024 $81K
Sale Class A Common Stock 825 $219.3122 $181K
Sale Class A Common Stock 1,030 $220.5847 $227K
Sale Class A Common Stock 3,339 $221.3281 $739K
Sale Class A Common Stock 5,522 $222.4714 $1.23M
Sale Class A Common Stock 2,134 $223.2787 $476K
Sale Class A Common Stock 5,459 $224.6401 $1.23M
Sale Class A Common Stock 10,478 $225.3191 $2.36M
Sale Class A Common Stock 5,059 $226.251 $1.14M
Sale Class A Common Stock 5,975 $227.6067 $1.36M
Sale Class A Common Stock 4,538 $228.6522 $1.04M
Sale Class A Common Stock 6,666 $229.3658 $1.53M
Sale Class A Common Stock 111 $230.04 $26K
Conversion Class B Common Stock 26,834 $0.00 $0.00
Conversion Class A Common Stock 26,834 $0.00 $0.00
Sale Class A Common Stock 3,990 $212.9718 $850K
Sale Class A Common Stock 2,543 $213.9672 $544K
Sale Class A Common Stock 4,560 $214.9428 $980K
Sale Class A Common Stock 6,268 $216.069 $1.35M
Sale Class A Common Stock 7,752 $216.9738 $1.68M
Sale Class A Common Stock 8,697 $217.956 $1.90M
Sale Class A Common Stock 2,834 $218.7256 $620K
Sale Class A Common Stock 4,915 $220.1083 $1.08M
Sale Class A Common Stock 3,583 $220.9871 $792K
Sale Class A Common Stock 2,258 $222.0855 $501K
Sale Class A Common Stock 2,868 $223.0753 $640K
Sale Class A Common Stock 1,818 $223.9689 $407K
Sale Class A Common Stock 298 $225.0274 $67K
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 B Common Stock -- -- --
Holdings After Transaction: Class B Common Stock — 25,456,942 shares (Indirect, See footnote); Class A Common Stock — 0 shares (Indirect, See footnote)
Footnotes (37)
  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 Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.
  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 11, 2025.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.43 to $213.42, 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 (4) through (30) 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 $213.43 to $214.415, 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 $214.475 to $215.44, 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 $215.485 to $216.48, 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 $216.485 to $217.48, 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 $217.485 to $218.475, 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 $218.495 to $219.45, 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 $219.54 to $220.525, 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 $220.56 to $221.555, inclusive.
  13. F13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.56 to $222.55, inclusive.
  14. F14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.56 to $223.54, 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 $223.56 to $224.53, 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 $224.57 to $225.25, 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 $215.535 to $216.465, 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 $216.57 to $217.55, 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 $217.77 to $218.67, 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 $218.78 to $219.73, 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 $219.88 to $220.87, 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 $220.88 to $221.84, 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 $221.88 to $222.875, 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 $222.88 to $223.85, 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 $223.88 to $224.8775, 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 $224.88 to $225.865, 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 $225.90 to $226.895, inclusive.
  28. F28. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $227.03 to $228.02, inclusive.
  29. F29. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $228.04 to $229.03, inclusive.
  30. F30. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $229.04 to $230.025, inclusive.
  31. F31. 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.
  32. F32. 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.
  33. F33. 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.
  34. F34. 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.
  35. F35. 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.
  36. F36. 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.
  37. F37. 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.
Net shares sold 104,768 shares Net Class A open-market sales, June 22–23, 2026
Converted Class B shares 79,218 shares Class B converted into Class A at one-to-one ratio
Post-transaction Class A in one account 52,384 shares Indirect Class A holdings in a reported trust after trades
Highest reported sale price $230.0400 per share Class A open-market sale price on June 23, 2026
Lowest price range cited $212.43 per share Lower bound of a weighted average sale price range
10b5-1 plan adoption date February 11, 2025 Date CEO adopted 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 11, 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.
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 at the reporting person's election and has no expiration date."
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."
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, for which the reporting person serves as co-trustee and investment advisor."
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.

FAQ

What did Cloudflare (NET) disclose about Matthew Prince’s recent share sales?
Cloudflare disclosed that trusts associated with CEO Matthew Prince sold a net 104,768 Class A shares on June 22–23, 2026. The sales were open-market transactions executed at weighted average prices between about $212.43 and $230.04 per share.

Were Cloudflare CEO Matthew Prince’s Cloudflare (NET) share sales pre-planned?
Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on February 11, 2025. Such plans schedule trades in advance, which can make the timing of individual transactions less indicative of short-term views on Cloudflare’s stock.

How many Cloudflare (NET) shares were converted from Class B to Class A?
Trusts associated with Matthew Prince converted a total of 79,218 shares of Class B Common Stock into the same number of Class A shares. Each Class B share is convertible into one Class A share at any time and has no expiration date, according to the disclosure.

What Cloudflare (NET) holdings remained after the reported transactions?
One reported indirect account held 52,384 Class A shares after the conversions and sales. The filing also lists several indirect Class B positions, each convertible one-for-one into Class A, giving ongoing exposure through multiple family and grantor retained annuity trusts tied to Matthew Prince.

Through what entities were the Cloudflare (NET) insider transactions made?
The transactions involved several trusts, including The Matthew Prince Revocable Trust and multiple Prince family and Grantor Retained Annuity Trusts. Matthew Prince is described as trustee, co-trustee, or investment advisor for these vehicles, which hold the shares of record for the reported transactions.

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)
06/22/2026		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 Stock06/22/2026C26,834A(1)52,384ISee footnote(2)
Class A Common Stock06/22/2026S(3)3,990D$212.9718(4)48,394ISee footnote(2)
Class A Common Stock06/22/2026S(3)2,543D$213.9672(5)45,851ISee footnote(2)
Class A Common Stock06/22/2026S(3)4,560D$214.9428(6)41,291ISee footnote(2)
Class A Common Stock06/22/2026S(3)6,268D$216.069(7)35,023ISee footnote(2)
Class A Common Stock06/22/2026S(3)7,752D$216.9738(8)27,271ISee footnote(2)
Class A Common Stock06/22/2026S(3)8,697D$217.956(9)18,574ISee footnote(2)
Class A Common Stock06/22/2026S(3)2,834D$218.7256(10)15,740ISee footnote(2)
Class A Common Stock06/22/2026S(3)4,915D$220.1083(11)10,825ISee footnote(2)
Class A Common Stock06/22/2026S(3)3,583D$220.9871(12)7,242ISee footnote(2)
Class A Common Stock06/22/2026S(3)2,258D$222.0855(13)4,984ISee footnote(2)
Class A Common Stock06/22/2026S(3)2,868D$223.0753(14)2,116ISee footnote(2)
Class A Common Stock06/22/2026S(3)1,818D$223.9689(15)298ISee footnote(2)
Class A Common Stock06/22/2026S(3)298D$225.0274(16)0ISee footnote(2)
Class A Common Stock06/23/2026C52,384A(1)52,384ISee footnote(2)
Class A Common Stock06/23/2026S(3)395D$216.2062(17)51,989ISee footnote(2)
Class A Common Stock06/23/2026S(3)483D$217.2044(18)51,506ISee footnote(2)
Class A Common Stock06/23/2026S(3)370D$218.2024(19)51,136ISee footnote(2)
Class A Common Stock06/23/2026S(3)825D$219.3122(20)50,311ISee footnote(2)
Class A Common Stock06/23/2026S(3)1,030D$220.5847(21)49,281ISee footnote(2)
Class A Common Stock06/23/2026S(3)3,339D$221.3281(22)45,942ISee footnote(2)
Class A Common Stock06/23/2026S(3)5,522D$222.4714(23)40,420ISee footnote(2)
Class A Common Stock06/23/2026S(3)2,134D$223.2787(24)38,286ISee footnote(2)
Class A Common Stock06/23/2026S(3)5,459D$224.6401(25)32,827ISee footnote(2)
Class A Common Stock06/23/2026S(3)10,478D$225.3191(26)22,349ISee footnote(2)
Class A Common Stock06/23/2026S(3)5,059D$226.251(27)17,290ISee footnote(2)
Class A Common Stock06/23/2026S(3)5,975D$227.6067(28)11,315ISee footnote(2)
Class A Common Stock06/23/2026S(3)4,538D$228.6522(29)6,777ISee footnote(2)
Class A Common Stock06/23/2026S(3)6,666D$229.3658(30)111ISee footnote(2)
Class A Common Stock06/23/2026S(3)111D$230.040ISee footnote(2)
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)06/22/2026C26,834 (1) (1)Class A Common Stock26,834$04,400,935ISee footnote(2)
Class B Common Stock(1)06/23/2026C52,384 (1) (1)Class A Common Stock52,384$04,348,551ISee footnote(2)
Class B Common Stock(1) (1) (1)Class A Common Stock6,928,4086,928,408ISee footnote(31)
Class B Common Stock(1) (1) (1)Class A Common Stock1,060,0001,060,000ISee footnote(32)
Class B Common Stock(1) (1) (1)Class A Common Stock2,951,8292,951,829ISee footnote(33)
Class B Common Stock(1) (1) (1)Class A Common Stock3,065,0153,065,015ISee footnote(34)
Class B Common Stock(1) (1) (1)Class A Common Stock3,103,1393,103,139ISee footnote(35)
Class B Common Stock(1) (1) (1)Class A Common Stock2,000,0002,000,000ISee footnote(36)
Class B Common Stock(1) (1) (1)Class A Common Stock2,000,0002,000,000ISee footnote(37)
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 Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.
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 11, 2025.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.43 to $213.42, 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 (4) through (30) 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 $213.43 to $214.415, inclusive.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $214.475 to $215.44, inclusive.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.485 to $216.48, inclusive.
8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.485 to $217.48, inclusive.
9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $217.485 to $218.475, inclusive.
10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.495 to $219.45, inclusive.
11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $219.54 to $220.525, inclusive.
12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.56 to $221.555, inclusive.
13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.56 to $222.55, inclusive.
14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.56 to $223.54, inclusive.
15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.56 to $224.53, inclusive.
16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.57 to $225.25, inclusive.
17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.535 to $216.465, inclusive.
18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.57 to $217.55, inclusive.
19. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $217.77 to $218.67, inclusive.
20. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.78 to $219.73, inclusive.
21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $219.88 to $220.87, inclusive.
22. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.88 to $221.84, inclusive.
23. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.88 to $222.875, inclusive.
24. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.88 to $223.85, inclusive.
25. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.88 to $224.8775, inclusive.
26. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.88 to $225.865, inclusive.
27. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.90 to $226.895, inclusive.
28. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $227.03 to $228.02, inclusive.
29. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $228.04 to $229.03, inclusive.
30. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $229.04 to $230.025, inclusive.
31. 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.
32. 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.
33. 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.
34. 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.
35. 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.
36. 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.
37. 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 first of two forms being filed to report transactions by the reporting person occurring on June 22, 2026 through June 24, 2026.
/s/ Charlotte Bowe, by power of attorney06/24/2026
** 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