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Cloudflare, Inc. (NYSE: NET) CEO logs trust sales and Class B to A conversions

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

Rhea-AI Filing Summary

Cloudflare, Inc. CEO, Board Co‑Chair and 10% owner Matthew Prince reported indirect transactions in company stock. On August 4–5, 2026, family trusts for which he serves as trustee or investment advisor converted 52,383 Class B shares into an equal number of Class A shares.

Those trusts also sold an aggregate of 51,034 Class A shares in numerous transactions reported as open‑market or private sales at weighted‑average prices, under a Rule 10b5‑1 trading plan adopted on February 26, 2026. The filing lists large remaining indirect Class B positions, including 6,928,408 and 2,000,000 shares, each convertible one‑for‑one into Class A.

Positive

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Negative

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Insights

Analyzing...

Insider Prince Matthew
Role CEO & Board Co-Chair
Sold 51,034 shs ($15.19M)
Approx. gross sale proceeds $15.19M
Type Security Shares Price Value
Conversion Class B Common Stock F19, F20 18,752 $0.00 $0.00
Conversion Class B Common Stock F19, F3 33,631 $0.00 $0.00
Conversion Class A Common Stock F19, F20 18,752 -- --
Sale Class A Common Stock F1, F21, F20 1,156 $291.6393 $337K
Sale Class A Common Stock F1, F22, F20 422 $292.7401 $124K
Sale Class A Common Stock F1, F23, F20 575 $293.6468 $169K
Sale Class A Common Stock F1, F24, F20 4,334 $295.0486 $1.28M
Sale Class A Common Stock F1, F25, F20 5,602 $295.7494 $1.66M
Sale Class A Common Stock F1, F26, F20 2,841 $296.8268 $843K
Sale Class A Common Stock F1, F27, F20 1,540 $297.8115 $459K
Sale Class A Common Stock F1, F28, F20 782 $298.8746 $234K
Sale Class A Common Stock F1, F29, F20 623 $299.9394 $187K
Sale Class A Common Stock F1, F30, F20 232 $301.1491 $70K
Sale Class A Common Stock F1, F31, F20 338 $302.2016 $102K
Sale Class A Common Stock F1, F32, F20 307 $302.86 $93K
Conversion Class A Common Stock F19, F3 33,631 -- --
Sale Class A Common Stock F1, F2, F3 304 $287.9893 $88K
Sale Class A Common Stock F1, F4, F3 869 $289.1818 $251K
Sale Class A Common Stock F1, F5, F3 1,400 $289.8711 $406K
Sale Class A Common Stock F1, F6, F3 643 $290.9883 $187K
Sale Class A Common Stock F1, F7, F3 182 $292.3052 $53K
Sale Class A Common Stock F1, F8, F3 272 $293.0525 $80K
Sale Class A Common Stock F1, F9, F3 404 $294.3084 $119K
Sale Class A Common Stock F1, F10, F3 2,765 $295.772 $818K
Sale Class A Common Stock F1, F11, F3 3,538 $296.7322 $1.05M
Sale Class A Common Stock F1, F12, F3 6,984 $297.4917 $2.08M
Sale Class A Common Stock F1, F13, F3 846 $298.6506 $253K
Sale Class A Common Stock F1, F14, F3 1,820 $299.8047 $546K
Sale Class A Common Stock F1, F15, F3 644 $300.5215 $194K
Sale Class A Common Stock F1, F16, F3 5,191 $302.0894 $1.57M
Sale Class A Common Stock F1, F17, F3 6,038 $302.967 $1.83M
Sale Class A Common Stock F1, F18, F3 382 $303.601 $116K
holding Class B Common Stock F19, F33 -- -- --
holding Class B Common Stock F19, F34 -- -- --
holding Class B Common Stock F19, F35 -- -- --
holding Class B Common Stock F19, F36 -- -- --
holding Class B Common Stock F19, F37 -- -- --
holding Class B Common Stock F19, F38 -- -- --
Holdings After Transaction: Class B Common Stock — 25,090,221 shares (Indirect, See footnote); Class A Common Stock — 33,631 shares (Indirect, See footnote)
Footnotes (38)
  1. F1. 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.
  2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.475 to $288.41, 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 (2) and (4) through (18) and (21) through (32) to this Form 4.
  3. F3. 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.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.525 to $289.485, inclusive.
  5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $289.53 to $290.5125, 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 $290.535 to $291.495, 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 $291.605 to $292.525, 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 $292.615 to $293.335, 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 $293.8125 to $294.79, 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 $295.1575 to $296.155, 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 $296.16 to $297.16, 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 $297.165 to $298.11, 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 $298.1875 to $299.16, 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 $299.24 to $300.235, 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 $300.275 to $300.84, 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 $301.52 to $302.52, 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 $302.53 to $303.53, 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 $303.54 to $303.715, inclusive.
  19. F19. 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.
  20. F20. The shares are held of record by The Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.
  21. F21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.15 to $292.06, 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 $292.26 to $293.2525, 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 $293.2675 to $294.2025, 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 $294.37 to $295.37, 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 $295.375 to $296.37, 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 $296.38 to $297.37, 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 $297.39 to $298.39, 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 $298.41 to $299.4025, 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 $299.53 to $300.495, 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 $300.54 to $301.54, inclusive.
  31. F31. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.60 to $302.575, inclusive.
  32. F32. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.6075 to $303.19, inclusive.
  33. F33. 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.
  34. F34. 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.
  35. F35. 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.
  36. F36. 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.
  37. F37. 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.
  38. F38. 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.
Class A shares sold 51,034 shares Aggregate indirect sales reported for August 4–5, 2026
Class B to A shares converted 52,383 shares Total Class B shares converted into Class A on August 5, 2026
Sample sale price $295.7720 per share Weighted-average price for 2,765 Class A shares sold on August 4, 2026
Indirect Class B holding 6,928,408 shares Class B shares indirectly held, each convertible one-for-one into Class A
Grantor trust Class B blocks 2,000,000 shares Size of each of two Class B positions in 2025 Grantor Retained Annuity Trusts
10b5-1 plan adoption date February 26, 2026 Date Matthew Prince adopted the Rule 10b5-1 trading plan used for these sales
Rule 10b5-1 trading plan regulatory
"sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
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.
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.
Grantor Retained Annuity Trust financial
"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.

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did Cloudflare (NET) CEO Matthew Prince report in this Form 4?
Matthew Prince reported indirect trust-level trades converting 52,383 Class B shares into Class A and selling 51,034 Class A shares. All transactions were carried out by family trusts where he serves as trustee or investment advisor.

How many Cloudflare (NET) shares were sold and at what prices?
Family trusts associated with Matthew Prince sold 51,034 Class A shares. The shares were sold in many tranches at weighted‑average prices, with each tranche’s price range detailed in footnotes, for example between $295.1575 and $296.155 per share for one block.

Were the Cloudflare (NET) trades made under a Rule 10b5-1 trading plan?
Yes. Footnote language states the sales were effected under a Rule 10b5‑1 trading plan adopted on February 26, 2026. The filing’s Rule 10b5‑1 checkbox is also marked, confirming these dispositions were executed pursuant to a pre‑arranged plan.

How many Cloudflare (NET) shares were converted from Class B to Class A?
Trusts converted a total of 52,383 Class B shares into Class A stock. This consists of one conversion of 18,752 Class B shares and another of 33,631 Class B shares, each on a one‑for‑one basis into the same number of Class A shares.

What indirect Cloudflare (NET) holdings does Matthew Prince continue to report?
The filing shows substantial remaining indirect positions in Class B Common Stock, including blocks of 6,928,408, 3,065,015, 3,103,139 and two separate 2,000,000-share positions. Each Class B share is convertible into one share of Class A with no expiration.

Who actually holds the Cloudflare (NET) shares involved in these transactions?
The reported shares are held by several family trusts, including the Matthew Prince Revocable Trust and multiple Grantor Retained Annuity Trusts. Matthew Prince is disclosed as trustee or investment advisor, so the transactions are reported as indirect holdings.
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)
08/04/2026		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 Stock08/04/2026S(1)304D$287.9893(2)31,978ISee footnote(3)
Class A Common Stock08/04/2026S(1)869D$289.1818(4)31,109ISee footnote(3)
Class A Common Stock08/04/2026S(1)1,400D$289.8711(5)29,709ISee footnote(3)
Class A Common Stock08/04/2026S(1)643D$290.9883(6)29,066ISee footnote(3)
Class A Common Stock08/04/2026S(1)182D$292.3052(7)28,884ISee footnote(3)
Class A Common Stock08/04/2026S(1)272D$293.0525(8)28,612ISee footnote(3)
Class A Common Stock08/04/2026S(1)404D$294.3084(9)28,208ISee footnote(3)
Class A Common Stock08/04/2026S(1)2,765D$295.772(10)25,443ISee footnote(3)
Class A Common Stock08/04/2026S(1)3,538D$296.7322(11)21,905ISee footnote(3)
Class A Common Stock08/04/2026S(1)6,984D$297.4917(12)14,921ISee footnote(3)
Class A Common Stock08/04/2026S(1)846D$298.6506(13)14,075ISee footnote(3)
Class A Common Stock08/04/2026S(1)1,820D$299.8047(14)12,255ISee footnote(3)
Class A Common Stock08/04/2026S(1)644D$300.5215(15)11,611ISee footnote(3)
Class A Common Stock08/04/2026S(1)5,191D$302.0894(16)6,420ISee footnote(3)
Class A Common Stock08/04/2026S(1)6,038D$302.967(17)382ISee footnote(3)
Class A Common Stock08/04/2026S(1)382D$303.601(18)0ISee footnote(3)
Class A Common Stock08/05/2026C18,752A(19)18,752ISee footnote(20)
Class A Common Stock08/05/2026S(1)1,156D$291.6393(21)17,596ISee footnote(20)
Class A Common Stock08/05/2026S(1)422D$292.7401(22)17,174ISee footnote(20)
Class A Common Stock08/05/2026S(1)575D$293.6468(23)16,599ISee footnote(20)
Class A Common Stock08/05/2026S(1)4,334D$295.0486(24)12,265ISee footnote(20)
Class A Common Stock08/05/2026S(1)5,602D$295.7494(25)6,663ISee footnote(20)
Class A Common Stock08/05/2026S(1)2,841D$296.8268(26)3,822ISee footnote(20)
Class A Common Stock08/05/2026S(1)1,540D$297.8115(27)2,282ISee footnote(20)
Class A Common Stock08/05/2026S(1)782D$298.8746(28)1,500ISee footnote(20)
Class A Common Stock08/05/2026S(1)623D$299.9394(29)877ISee footnote(20)
Class A Common Stock08/05/2026S(1)232D$301.1491(30)645ISee footnote(20)
Class A Common Stock08/05/2026S(1)338D$302.2016(31)307ISee footnote(20)
Class A Common Stock08/05/2026S(1)307D$302.86(32)0ISee footnote(20)
Class A Common Stock08/05/2026C33,631A(19)33,631ISee footnote(3)
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(19)08/05/2026C18,752 (19) (19)Class A Common Stock18,752$04,183,620ISee footnote(20)
Class B Common Stock(19)08/05/2026C33,631 (19) (19)Class A Common Stock33,631$02,750,039ISee footnote(3)
Class B Common Stock(19) (19) (19)Class A Common Stock6,928,4086,928,408ISee footnote(33)
Class B Common Stock(19) (19) (19)Class A Common Stock1,060,0001,060,000ISee footnote(34)
Class B Common Stock(19) (19) (19)Class A Common Stock3,065,0153,065,015ISee footnote(35)
Class B Common Stock(19) (19) (19)Class A Common Stock3,103,1393,103,139ISee footnote(36)
Class B Common Stock(19) (19) (19)Class A Common Stock2,000,0002,000,000ISee footnote(37)
Class B Common Stock(19) (19) (19)Class A Common Stock2,000,0002,000,000ISee footnote(38)
Explanation of Responses:
1. 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.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.475 to $288.41, 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 (2) and (4) through (18) and (21) through (32) to this Form 4.
3. 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.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.525 to $289.485, inclusive.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $289.53 to $290.5125, inclusive.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.535 to $291.495, inclusive.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.605 to $292.525, inclusive.
8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.615 to $293.335, inclusive.
9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.8125 to $294.79, inclusive.
10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.1575 to $296.155, inclusive.
11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.16 to $297.16, inclusive.
12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.165 to $298.11, inclusive.
13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.1875 to $299.16, inclusive.
14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $299.24 to $300.235, inclusive.
15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.275 to $300.84, inclusive.
16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.52 to $302.52, inclusive.
17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.53 to $303.53, inclusive.
18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $303.54 to $303.715, inclusive.
19. 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.
20. The shares are held of record by The Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.
21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.15 to $292.06, inclusive.
22. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.26 to $293.2525, inclusive.
23. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.2675 to $294.2025, inclusive.
24. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.37 to $295.37, inclusive.
25. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.375 to $296.37, inclusive.
26. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.38 to $297.37, inclusive.
27. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.39 to $298.39, inclusive.
28. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.41 to $299.4025, inclusive.
29. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $299.53 to $300.495, inclusive.
30. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.54 to $301.54, inclusive.
31. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.60 to $302.575, inclusive.
32. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.6075 to $303.19, inclusive.
33. 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.
34. 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.
35. 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.
36. 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.
37. 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.
38. 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 third of four forms being filed to report transactions by the reporting person occurring on August 3, 2026 through August 5, 2026.
/s/ Charlotte Bowe, by power of attorney08/05/2026
** 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