Cloudflare Inc SEC Filings

Cloudflare, Inc. (NET) reported insider activity as a director disclosed open‑market sales of Class A Common Stock on 10/20/2025 under a Rule 10b5‑1 trading plan adopted on February 14, 2025.

Transactions included 5,100 shares at a weighted average price of $209.9092, 7,562 shares at $210.8144, and 2,338 shares at $211.7595. The filing notes price ranges of $209.33–$210.3212, $210.39–$211.295, and $211.55–$212.00 for the respective lots.

Following these sales, the reporting person beneficially owned 998,073 shares on an indirect basis, held by the Carl S. Ledbetter Trust dated February 14, 2020, for which the reporting person serves as a trustee.

Cloudflare (NET) filed a Form 4 for its CFO. On 10/20/2025, the reporting person exercised an employee stock option at $2.04 for 10,000 shares of Class B, converted them one-for-one into 10,000 shares of Class A, and then sold 10,000 Class A shares in multiple transactions under a Rule 10b5-1 trading plan adopted on November 26, 2024.

Sales were executed in blocks of 500, 2,600, 2,754, 3,846, and 300 shares at weighted average prices of $209.6202, $210.7816, $211.7076, $212.749, and $213.3967, respectively. Following these transactions, Class A beneficial ownership shown was 189,517 shares. Each share of Class B is convertible into Class A on a one-to-one basis with no expiration.

Cloudflare (NET) CEO and Board Co‑Chair Matthew Prince filed a Form 4 reporting a sale of 107 shares of Class A common stock at a weighted average price of $220.795 on October 16, 2025.

The transaction was made under a Rule 10b5‑1 trading plan adopted on February 11, 2025. The filing notes the shares were sold in multiple trades within a $220.54–$220.98 range and that records are available upon request. The shares are held of record by The Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.

Cloudflare (NET) insider activity: The CEO and Board Co‑Chair, a 10% owner, converted 52,384 Class B shares into Class A on each of 10/14/2025, 10/15/2025, and 10/16/2025, then sold the converted shares in multiple tranches pursuant to a Rule 10b5‑1 trading plan adopted on 02/11/2025.

Sales were executed at weighted average prices within disclosed ranges, from $209.32 to $224.93 across the three days. The shares were held indirectly by The Matthew Prince Revocable Trust. Each Class B share is convertible into one Class A share and has no expiration date.

Cloudflare, Inc. (NET) — Insider Form 4 activity. A director reported transactions on 10/13/2025, including an option exercise and open‑market sales executed under a Rule 10b5‑1 trading plan adopted on May 28, 2025.

The insider exercised a stock option for 2,520 Class A shares at $44.72 (code M), then sold shares in multiple transactions the same day (codes S) at weighted average prices spanning disclosed ranges, including from $216.095 to $223.56. Following these transactions, the insider beneficially owned 495,191 Class A shares, held directly.

In the derivative table, the option is fully vested and immediately exercisable, with an exercise price of $44.72 and an expiration date of 02/13/2032. After the reported activity, the insider beneficially owned 25,200 derivative securities.

Insider transactions by Michelle Zatlyn, President and Board Co-Chair of Cloudflare, Inc. (NET)

The filing shows a sequence of option exercises and planned sales executed under a Rule 10b5-1 trading plan between 10/07/2025 and 10/09/2025. The reporting person exercised employee options with an exercise price of $2.04 to acquire 25,641 shares on each of the three days, and sold a total of 367,251 Class A shares across those dates at weighted-average prices in the ~$214.29–$221.63 ranges. Following these transactions, certain shares remain held indirectly in multiple trusts and the filing notes fully vested options and conversion mechanics between Class B and Class A shares.

Cloudflare director Mark J. Hawkins reported a sale of 1,000 shares of Class A common stock on 10/01/2025 at a price of $212.83 per share, leaving him with 11,990 shares held directly. The filing states the sale was executed under a Rule 10b5-1 trading plan adopted by the reporting person on 05/30/2025. The Form 4 was signed by a power of attorney on behalf of the reporting person.

Cloudflare, Inc. (NET) Form 144 indicates a proposed sale of 9,000 common shares through Morgan Stanley Smith Barney with an aggregate market value of $1,921,309.50, and an approximate sale date of 10/01/2025 on the NYSE. The filer reports outstanding shares of 348,481,587. The securities listed were originally issued as restricted stock on 11/15/2023 (1,636 shares) and 02/15/2024 (7,364 shares). The filing also discloses three recent sales by Douglas Kramer in the past three months: 3,000 shares on 09/02/2025 for $606,304.20, 3,000 shares on 08/01/2025 for $594,663.00, and 9,000 shares on 07/01/2025 for $1,764,814.50. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

This Form 144 notice indicates the proposed sale of 1,000 shares of common stock through Morgan Stanley Smith Barney LLC on 10/01/2025 with an aggregate market value of $212,830.00. The shares were acquired as restricted stock from the issuer on 06/02/2023 and fully paid on that date. The filing lists 348,481,587 shares outstanding, showing the position is a very small fraction of outstanding stock. The document also records a prior sale by Mark Hawkins of 1,000 shares on 09/02/2025 for $201,600.00. The filer certifies no undisclosed material adverse information and acknowledges criminal penalties for false statements.