Cloudflare director sells 9,991 shares via trust
Cloudflare, Inc. director Carl Ledbetter reported an open-market sale of 9,991 shares of Class A Common Stock at a weighted average price of $215.8516 per share.
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Form Type
4
Rhea-AI Filing Summary
Cloudflare, Inc. director Carl Ledbetter reported an open-market sale of 9,991 shares of Class A Common Stock at a weighted average price of $215.8516 per share. The shares were sold indirectly through the Carl S. Ledbetter Trust under a pre-arranged Rule 10b5-1 trading plan. After the sale, the trust held 928,082 shares, and Ledbetter also held 19,599 shares directly, indicating the transaction represents a small portion of his overall holdings.
Insider Trade Summary 10b5-1
Net Seller: 9,991 shares
Net Sell
2 txns
Insider
Ledbetter Carl
Role
Director
Sold
9,991 shs ($2.16M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 9,991 | $215.8516 | $2.16M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 928,082 shares (Indirect, See footnote);
Class A Common Stock — 19,599 shares (Direct)
Footnotes (3)
- 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 14, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.66 to $216.31, 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.
- F3. The shares are held of record by the Carl S. Ledbetter Trust dated February 14, 2020, for which the reporting person serves as a trustee.
Key Figures
Shares sold: 9,991 shares
Weighted average sale price: $215.8516 per share
Price range: $215.66–$216.31
+4 more
7 metrics
Shares sold
9,991 shares
Open-market sale on 2026-04-28
Weighted average sale price
$215.8516 per share
Class A Common Stock sale
Price range
$215.66–$216.31
Multiple sale transactions on 2026-04-28
Indirect holdings after sale
928,082 shares
Held by Carl S. Ledbetter Trust
Direct holdings after filing
19,599 shares
Directly held by Carl Ledbetter
Rule 10b5-1 plan adoption date
February 14, 2025
Plan governing the reported sale
Trust formation date
February 14, 2020
Carl S. Ledbetter Trust holding the shares
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A Common Stock, indirect ownership, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The 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.
Class A Common Stock financial
"security_title: Class A Common Stock"
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
"direct_or_indirect: I, nature_of_ownership: See footnote"
trustee financial
"for which the reporting person serves as a trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cloudflare (NET) director Carl Ledbetter report?
Carl Ledbetter reported selling 9,991 shares of Cloudflare Class A Common Stock. The open-market sale was executed at a weighted average price of $215.8516 per share and conducted indirectly through a trust associated with him.
Was the Cloudflare (NET) insider sale made under a Rule 10b5-1 trading plan?
Yes. A footnote explains the sale was effected under a Rule 10b5-1 trading plan. This plan was adopted by Carl Ledbetter on February 14, 2025, indicating the 9,991-share sale was pre-scheduled rather than a discretionary market-timing decision.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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