Form 4: Cloudflare Director Sells Shares Under 10b5-1 Plan
Statement of Changes in Beneficial Ownership
Cloudflare, Inc. Director Mark J. Hawkins has reported the sale of Class A Common Stock executed under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Mark J. Hawkins, a Director at Cloudflare, Inc., reported a transaction on June 1, 2026.
- The transaction involved the sale of 133 shares of Class A Common Stock.
- The sale was executed at a price of $246.42 per share.
- This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Hawkins on May 30, 2025.
- Following this transaction, Mr. Hawkins beneficially owns 10,056 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted under a pre-established Rule 10b5-1 plan, which is a common and compliant method for insiders to manage their stock holdings.
Negatives
- Director Mark J. Hawkins sold 133 shares of Class A Common Stock.
Risks
- The sale was executed under a Rule 10b5-1 trading plan, which is a pre-arranged plan designed to comply with insider trading regulations.
- While the sale was conducted under a plan, any significant insider selling can sometimes be interpreted negatively by the market.
Future Outlook
The filing does not contain forward-looking statements or guidance. It is a report of a past transaction.
Industry Context
StockSavvy.ai notes that Rule 10b5-1 plans are standard practice for corporate insiders to sell shares without facing accusations of insider trading. The adoption of such a plan indicates a pre-determined strategy for share disposition, often for diversification or liquidity purposes.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Rule 10b5-1 Plan Adoption | Mark J. Hawkins adopted a Rule 10b5-1 trading plan on May 30, 2025, for the sale of equity securities. | 05/30/2025 | Enhances compliance with insider trading regulations by establishing a pre-determined selling strategy. |
Stakeholder Impact
- Shareholders: The sale of shares by a director may be observed, but the use of a Rule 10b5-1 plan mitigates concerns about insider trading. The impact on share price is likely minimal due to the planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 05/30/2025 | Date Rule 10b5-1 trading plan was adopted by Mark J. Hawkins. |
| 06/01/2026 | Transaction date for the sale of Class A Common Stock. |
| 06/02/2026 | Date of signature for the filing. |
Keywords
Cloudflare, NET, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Director Transaction, Class A Common Stock
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