Form 4: Cloudflare CLO Sells Shares Under 10b5-1 Plan

Cloudflare's Chief Legal Officer, Douglas James Kramer, sold 3,000 shares of Class A Common Stock for $176.19 per share as part of a pre-arranged trading plan.

Summary

• Douglas James Kramer, Chief Legal Officer of Cloudflare, Inc. (NET), sold 3,000 shares of Class A Common Stock.
• The transaction took place on February 2, 2026, at a price of $176.19 per share.
• The total value of the shares sold amounted to $528,570.
• Following this sale, Kramer directly beneficially owns 101,101 shares of Class A Common Stock.
• The sale was executed in accordance with a Rule 10b5-1 trading plan, which was adopted by the reporting person on November 25, 2024.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. Insider sales under a 10b5-1 plan are routine and generally do not signal a change in management's outlook on the company's prospects.

Future Outlook

No forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that insider sales executed under a Rule 10b5-1 trading plan are pre-scheduled and typically do not reflect new discretionary selling decisions based on recent material non-public information. Such plans are common among executives for personal financial planning and diversification.

Stakeholder Impact

• Shareholders: This routine insider sale is unlikely to have a significant direct impact on shareholders, as it is a pre-planned transaction for personal financial management.

Key Dates

Recommendation

A single, pre-planned insider sale, as disclosed in a Form 4, typically does not provide sufficient new information to warrant a change in investment recommendation. Investors should continue to evaluate Cloudflare based on its fundamental performance, strategic initiatives, and broader market conditions.

Keywords

Cloudflare, NET, Insider Sale, Form 4, 10b5-1 Plan, Douglas James Kramer, Chief Legal Officer, Equity Transaction