Form 4: Cloudflare CLO Alissa Starzak Reports Stock Withholding
Statement of Changes in Beneficial Ownership
Cloudflare Chief Legal Officer Alissa Starzak reported the withholding of 3,769 shares to cover tax obligations related to RSU vesting.
Summary
- Alissa Starzak, Chief Legal Officer of Cloudflare, Inc., executed a transaction on May 15, 2026.
- The transaction involved the withholding of 3,769 shares of Class A Common Stock at a price of $199.81 per share.
- The withholding was conducted to satisfy tax liabilities associated with the vesting of restricted stock units (RSUs).
- Following this transaction, the reporting person maintains beneficial ownership of 124,637 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine regulatory filing that does not indicate a change in company strategy or executive confidence.
Positives
- The transaction reflects the vesting of equity compensation, which is a standard component of executive compensation packages.
- The reporting person retains a significant equity stake of 124,637 shares, aligning interests with shareholders.
Negatives
- The transaction resulted in a reduction of the reporting person's direct share ownership.
Risks
- The reporting person remains subject to market volatility regarding the value of their remaining equity holdings.
Future Outlook
No specific forward-looking guidance regarding company performance was provided in this filing.
Industry Context
StockSavvy.ai notes that this filing is a routine administrative disclosure common among publicly traded technology companies, where executives frequently have shares withheld to satisfy tax obligations upon the vesting of equity awards.
Comparison to Industry Standards
- The transaction follows standard corporate governance practices for equity compensation management.
- The use of 'sell-to-cover' or share withholding for tax obligations is a standard industry practice for executives at major tech firms like CrowdStrike, Okta, and Zscaler.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine tax-related transaction for an executive.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 05/08/2026 | Date of acquisition of 104 shares under the employee stock purchase plan. |
| 05/15/2026 | Date of the reported transaction involving the withholding of shares for tax purposes. |
| 05/19/2026 | Date of filing of the Form 4. |
Keywords
Cloudflare, NET, Form 4, Insider Trading, Equity Compensation, Tax Withholding
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