Capital World Investors Owns 7.3% of Cloudflare (NET) — Amended 13G/A

Rhea-AI Filing Summary

Capital World Investors reported beneficial ownership of 23,032,315 shares of Cloudflare, Inc. The filing states this represents 7.3% of the 317,576,096 shares believed to be outstanding. The report breaks out voting and dispositive powers and is signed by a Capital Research and Management Company officer.

Key Figures

Beneficial ownership: 23,032,315 shares Percent of class: 7.3% Shares outstanding (reference): 317,576,096 shares +1 more

4 metrics

Beneficial ownership 23,032,315 shares reported in Schedule 13G/A

Percent of class 7.3% of 317,576,096 shares believed outstanding

Shares outstanding (reference) 317,576,096 shares shares believed to be outstanding (as stated)

Sole voting power 22,926,643 shares sole power to vote or direct the vote

Key Terms

beneficially owned, Schedule 13G/A, sole dispositive power

3 terms

beneficially owned regulatory

"CWI is deemed to be the beneficial owner of 23,032,315 shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Schedule 13G/A regulatory

"Amendment No. 5 ) Cloudflare, Inc. Common Stock ... SCHEDULE 13G/A"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 23,032,315"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Cloudflare, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

18915M107

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 18915M107

1

Names of Reporting Persons

Capital World Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 22,926,643.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,032,315.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

23,032,315.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Cloudflare, Inc.
(b)	Address of issuer's principal executive offices: 101 Townsend Street, San Francisco, CA 94107, United States of America
Item 2.
(a)	Name of person filing: Capital World Investors
(b)	Address or principal business office or, if none, residence: 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 18915M107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 23,032,315 ** **Capital World Investors ("CWI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 23,032,315 shares or 7.3% of the 317,576,096 shares believed to be outstanding.
(b)	Percent of class: 7.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 22,926,643
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 23,032,315
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital World Investors

Signature:	Jae Won Chung
Name/Title:	Senior Vice President and Associate General Counsel, Capital Research and Management Company
Date:	05/13/2026

FAQ

What stake does Capital World Investors report in Cloudflare (NET)?

Capital World Investors reports beneficial ownership of 23,032,315 shares, equal to 7.3% of 317,576,096 shares believed outstanding. The filing is an amended Schedule 13G/A signed on 05/13/2026.

How much voting power does Capital World Investors have in NET?

The filing shows sole voting power of 22,926,643 shares and no shared voting power. Dispositive authority is listed as 23,032,315 shares, per the Schedule 13G/A disclosure.

What form was filed to report this ownership in Cloudflare (NET)?

The ownership was reported on an amended Schedule 13G/A for Common Stock (CUSIP 18915M107). The filing identifies the reporting person as Capital World Investors and is signed by Jae Won Chung.

Does the Schedule 13G/A indicate any shared dispositive or voting power?

No; the Schedule 13G/A lists 0 shared voting power and 0 shared dispositive power. All disclosed voting and dispositive authorities are shown as sole powers in the filing.

Who signed the amended Schedule 13G/A for Capital World Investors?

The amendment is signed by Jae Won Chung, identified as Senior Vice President and Associate General Counsel of Capital Research and Management Company, with the signature date 05/13/2026.