Form 4: Cloudflare CEO Gifts 1.48M Shares in Personal Transactions
Insider Transaction Report
Cloudflare CEO Matthew Prince reported gifting 1,485,771 shares of Class B Common Stock across multiple trusts and a charitable organization.
Summary
- Matthew Prince, CEO and Board Co-Chair of Cloudflare, Inc. (NET), reported changes in his beneficial ownership through gifting transactions.
- He disposed of a total of 1,485,771 shares of Class B Common Stock through gifts on November 25 and November 26, 2025.
- Specifically, 495,257 shares were gifted from The Matthew Prince Revocable Trust on November 25, 2025.
- An additional 495,257 shares were gifted from an LLC on November 25, 2025.
- A further 495,257 shares were gifted from an LLC to a 501(c)(3) charitable organization on November 26, 2025.
- Each Class B Common Stock share is convertible into Class A Common Stock on a one-to-one basis and has no expiration date.
- Following these transactions, Matthew Prince retains indirect beneficial ownership of 26,433,986 shares of Class B Common Stock through various trusts.
Sentiment
Score: 5
Explanation: The filing reports personal transactions (gifts) by the CEO, which are neutral in terms of company performance or outlook. The charitable gift is a positive personal action but does not directly impact company sentiment.
Positives
- A significant portion of shares (495,257) was gifted to a 501(c)(3) charitable organization, demonstrating philanthropic activity.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are gifts, not sales, and the CEO retains significant ownership. The charitable gift could be seen positively.
- Employees, Customers, Suppliers, Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 2015-10-29 | Date of The Matthew Prince Revocable Trust. |
| 2016-03-29 | Date of The Prince Family Nonexempt Irrevocable Trust and The Prince Family Exempt Irrevocable Trust. |
| 2021-09-23 | Date of The Prince 2021 Remainder Trust. |
| 2024-05-20 | Date of The Matthew Prince 2024 Grantor Retained Annuity Trust. |
| 2024-08-20 | Date of The Matthew Prince 2024 Grantor Retained Annuity Trust 2. |
| 2025-05-10 | Date of The Matthew Prince 2025 Grantor Retained Annuity Trust. |
| 2025-08-11 | Date of The Matthew Prince 2025 Grantor Retained Annuity Trust 2. |
| 2025-11-25 | Transaction date for gifts of 495,257 Class B shares from The Matthew Prince Revocable Trust and 495,257 Class B shares from an LLC. |
| 2025-11-26 | Transaction date for gift of 495,257 Class B shares from an LLC to a charitable organization. |
| 2025-11-26 | Filing date of the Form 4. |
Keywords
Cloudflare, NET, Matthew Prince, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Class B Common Stock, CEO, Corporate Governance
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