Form 4: Cloudflare CLO Alissa Starzak Receives RSU Grant

Cloudflare Chief Legal Officer Alissa Starzak was granted 63,305 restricted stock units as part of an equity compensation plan.

Summary

• Alissa Starzak, Chief Legal Officer of Cloudflare, Inc., acquired 63,305 restricted stock units (RSUs) on April 29, 2026.
• The acquisition brings her total beneficial ownership of Class A Common Stock to 128,302 shares.
• The RSUs are subject to a multi-year vesting schedule beginning in May 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which carries a neutral sentiment.

Positives

• The grant aligns the interests of the Chief Legal Officer with long-term shareholder value through equity-based compensation.

Negatives

• The issuance of new RSUs results in potential future dilution for existing shareholders.

Risks

• Vesting of equity is subject to continued employment with the company.

Future Outlook

The RSUs vest in two tranches: 38,957 units vest in 16 equal quarterly installments starting May 15, 2026, and 24,348 units vest in 8 equal quarterly installments starting February 15, 2027.

Industry Context

StockSavvy.ai notes that equity grants to C-suite executives are standard practice in the technology sector to ensure retention and performance alignment, particularly for high-growth cloud infrastructure companies like Cloudflare.

Comparison to Industry Standards

• The use of multi-year quarterly vesting schedules is consistent with standard executive compensation practices at major SaaS companies such as CrowdStrike, Datadog, and Zscaler.

Stakeholder Impact

• Shareholders may experience minor dilution upon the eventual vesting and settlement of these RSUs.

Next Steps

• Vesting of the first tranche of RSUs on May 15, 2026.

Key Dates

Keywords

Cloudflare, NET, Form 4, Insider Trading, Equity Compensation, Restricted Stock Units