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

Cloudflare, Inc. Director Carl Ledbetter reported the sale of Class A Common Stock totaling over 14,000 shares through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Carl Ledbetter, a Director at Cloudflare, Inc., has reported the sale of a total of 14,200 shares of Class A Common Stock.
• These transactions occurred on June 1, 2026, and were executed under a Rule 10b5-1 trading plan adopted on February 14, 2025.
• The sales involved weighted average prices across several transactions, with individual sale prices ranging from $243.50 to $248.00.
• Following these sales, Ledbetter beneficially owns 893,073 shares, held indirectly through the Carl S. Ledbetter Trust.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the director's sale of shares, although it was conducted under a pre-established 10b5-1 plan.

Negatives

• Director Carl Ledbetter sold a significant number of shares (14,200) of Cloudflare's Class A Common Stock.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to insider stock transactions.

Industry Context

StockSavvy.ai notes that insider sales, particularly those executed under Rule 10b5-1 plans, are common for executives and directors to diversify holdings or manage personal finances. The timing and volume of such sales can sometimes be interpreted by the market, though the pre-planned nature of 10b5-1 trades is designed to mitigate concerns about trading on material non-public information.

Stakeholder Impact

• Shareholders may view the director's sale of stock as a potential signal, although the Rule 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Cloudflare, NET, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Director Transaction, Beneficial Ownership