Cloudflare executive reports updated share holdings

Cloudflare, Inc. executive Michelle Zatlyn, President and Board Co-Chair, reported updated holdings of Class A Common Stock as of July 13, 2026.

Rhea-AI Filing Summary

Cloudflare, Inc. executive Michelle Zatlyn, President and Board Co-Chair, reported updated holdings of Class A Common Stock as of July 13, 2026. She holds 360,807 shares directly and 19,615 shares indirectly through The SZ 2021 Irrevocable Trust, with no purchases or sales indicated.

Insider Trade Summary 10b5-1

2 transactions reported

Mixed 2 txns

Insider Zatlyn Michelle

Role President and Board Co-Chair

Type	Security	Shares	Price	Value
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock F1	--	--	--

Holdings After Transaction: Class A Common Stock — 360,807 shares (Direct); Class A Common Stock — 19,615 shares (Indirect, See footnote)

Footnotes (1)

1. F1. The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Key Figures

Direct share holdings: 360,807 shares Indirect share holdings via trust: 19,615 shares

2 metrics

Direct share holdings 360,807 shares Class A Common Stock held directly after holdings entry on July 13, 2026

Indirect share holdings via trust 19,615 shares Class A Common Stock held by The SZ 2021 Irrevocable Trust as of July 13, 2026

Key Terms

Class A Common Stock, indirect ownership, irrevocable trust

3 terms

Class A Common Stock financial

"Security title reported as Class A Common Stock for all entries"

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.

indirect ownership financial

"One line reflects indirect ownership with nature of ownership See footnote"

irrevocable trust financial

"Shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021"

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider ownership did Cloudflare (NET) executive Michelle Zatlyn report?

Michelle Zatlyn reported owning 360,807 Cloudflare Class A shares directly and 19,615 shares indirectly through The SZ 2021 Irrevocable Trust as of July 13, 2026. The Form 4 reflects these ownership positions only, with no insider purchases or sales disclosed in this filing.

How many Cloudflare (NET) shares does Michelle Zatlyn hold indirectly?

Michelle Zatlyn reported 19,615 Cloudflare Class A shares held indirectly. These shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which she serves as the appointer, as described in the filing footnote.

Does this Cloudflare (NET) Form 4 show any insider buying or selling?

This Form 4 for Cloudflare (NET) does not show any insider share purchases or sales. It records two holding entries, listing direct and indirect ownership totals for Michelle Zatlyn, with transaction summaries indicating no buy, sell, exercise, gift, or tax-withholding activity.

What direct Cloudflare (NET) stake did Michelle Zatlyn disclose?

Michelle Zatlyn disclosed a direct holding of 360,807 shares of Cloudflare Class A Common Stock. This figure represents her direct ownership after the reported holdings entries dated July 13, 2026, and is separate from additional shares held through an irrevocable trust.

How are trust-held Cloudflare (NET) shares described in Michelle Zatlyn’s filing?

Trust-held shares are described as being held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021. Michelle Zatlyn serves as the appointer of this trust, and the Form 4 reports 19,615 Cloudflare Class A shares under this indirect ownership arrangement.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 07/15/2026 - 07:00 PM EDT 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).

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^*

Zatlyn Michelle

(Last) (First) (Middle)

C/O CLOUDFLARE, INC.

101 TOWNSEND STREET

(Street)

SAN FRANCISCO CALIFORNIA 94107

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and Board Co-Chair

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/13/2026

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								360,807	D
Class A Common Stock								19,615	I	See footnote(1)

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 are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Remarks:

This Form 4 is the second of two forms being filed to report transactions by the reporting person occurring on July 13, 2026 through July 15, 2026.

	/s/ Charlotte Bowe, by power of attorney	07/15/2026
	** 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)