Form 4: Cloudflare CFO Thomas Seifert Disposes of Shares to Cover Tax Obligations

Cloudflare's CFO, Thomas Seifert, disposed of 20,476 shares of Class A Common Stock on May 15, 2025, to cover tax liabilities related to vesting restricted stock units.

Summary

• On May 15, 2025, Thomas Seifert, the Chief Financial Officer of Cloudflare, Inc., disposed of 20,476 shares of Class A Common Stock.
• The transaction was executed to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units (RSUs).
• The shares were disposed of at a price of $154.49.
• Following the transaction, Seifert beneficially owns 273,106 shares of Cloudflare's Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is a common practice where executives sell shares to cover tax obligations arising from vesting equity.

Stakeholder Impact

• The transaction has minimal direct impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Cloudflare, Thomas Seifert, CFO, Class A Common Stock, SEC Form 4, Share Disposal, Restricted Stock Units, Tax Liability, NET