Form 4: Cloudflare CFO Thomas Seifert Executes Stock Option and Sells Shares Under 10b5-1 Plan

Cloudflare's CFO, Thomas Seifert, exercised stock options and sold Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan on February 3, 2025.

Summary

• On February 3, 2025, Thomas Seifert, the Chief Financial Officer of Cloudflare, Inc., engaged in transactions involving the company's stock.
• Seifert exercised an employee stock option to acquire 15,000 shares of Class A Common Stock at a price of $2.04 per share.
• Concurrently, Seifert sold a total of 15,000 shares of Class A Common Stock in the open market at prices ranging from $131.785 to $138.33, under a pre-arranged 10b5-1 trading plan.
• These sales were executed in multiple transactions at weighted average prices.
• Following these transactions, Seifert directly owns 252,869 shares of Class A Common Stock.
• Seifert also indirectly owns shares through various entities, including Center Court Partners Ltd. and several Center Court 2020 Trusts.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common among publicly traded companies. It provides transparency into the trading activities of company executives and their potential alignment with shareholder interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the sales mitigates potential concerns about insider information.

Key Dates

Keywords

Cloudflare, Thomas Seifert, Form 4, insider trading, stock options, Class A Common Stock, Rule 10b5-1, securities, ownership