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

Cloudflare Director Mark J Hawkins sold 1,000 shares of Class A Common Stock for $201.6 per share on September 2, 2025, under a pre-arranged trading plan.

Summary

• Mark J Hawkins, a Director of Cloudflare, Inc. (NET), reported a sale of company stock.
• The transaction involved the disposition of 1,000 shares of Class A Common Stock.
• The shares were sold at a price of $201.6 per share.
• The sale occurred on September 2, 2025.
• This transaction was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Hawkins on May 30, 2025.
• Following this transaction, Mark J Hawkins directly beneficially owns 12,990 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, pre-planned sale under a Rule 10b5-1 plan, which typically does not reflect a change in the insider's immediate sentiment about the company's prospects. The number of shares sold is also relatively small compared to the company's market capitalization.

Industry Context

This filing reports a routine insider transaction for a director of a major cloud services and cybersecurity company. Such pre-planned sales under Rule 10b5-1 are common among executives and directors for personal financial planning and are generally not indicative of specific company performance or broader industry trends.

Stakeholder Impact

• Shareholders: A minor, pre-planned sale by a director is unlikely to have a significant impact on shareholder sentiment or the company's stock price. It represents a routine liquidity event for an insider.

Key Dates

Keywords

Cloudflare, NET, Mark J Hawkins, Director, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Equity Transaction