Form 4: Cloudflare CLO Disposes Shares for Tax Obligation
Insider Transaction Report
Cloudflare's Chief Legal Officer, Douglas James Kramer, disposed of 13,191 shares of Class A Common Stock to cover tax liabilities from restricted stock unit vesting.
Summary
- Douglas James Kramer, Cloudflare's Chief Legal Officer, reported a transaction involving Class A Common Stock.
- On November 15, 2025, 13,191 shares were disposed of at a price of $210.6 per share.
- The disposition was an 'F' transaction code, indicating shares were withheld to satisfy tax liability in connection with the vesting of restricted stock units (RSUs).
- Following this transaction, Douglas James Kramer beneficially owns 116,101 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (tax withholding for RSU vesting) which is neutral in sentiment and does not indicate positive or negative performance or outlook for the company.
Future Outlook
This filing is a routine insider transaction report and does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This is a standard Form 4 filing reporting an insider transaction, specifically a tax withholding related to RSU vesting. Such transactions are common across all industries for executives receiving equity compensation and do not typically reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not a sale for personal liquidity or a reflection of management's view on the stock's future.
Key Dates
| Date | Description |
|---|---|
| 11/15/2025 | Date of transaction where shares were disposed for tax liability. |
| 11/17/2025 | Date the Form 4 was signed and filed. |
Keywords
Cloudflare, NET, Insider Transaction, Form 4, RSU Vesting, Tax Withholding, Executive Compensation
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