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

Cloudflare, Inc. Director Mark J. Hawkins has sold 10,189 shares of Class A Common Stock for $211.62 per share, executed under a pre-arranged trading plan.

Summary

• Mark J. Hawkins, a Director at Cloudflare, Inc., reported a transaction involving Class A Common Stock.
• The transaction, dated May 1, 2026, involved the sale of 10,189 shares.
• The sale price was $211.62 per share.
• Following the transaction, Mr. Hawkins beneficially owns 10,189 shares of Class A Common Stock directly.
• This sale was executed as part of a Rule 10b5-1 trading plan adopted on May 30, 2025.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the sale was conducted under a pre-established 10b5-1 plan, indicating a planned transaction rather than a reaction to current company performance.

Negatives

• Director Mark J. Hawkins sold a significant number of shares (10,189) of Class A Common Stock.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider sales, particularly when executed under a Rule 10b5-1 plan, are common and often reflect pre-planned diversification or liquidity strategies rather than a negative view of the company's prospects. However, the volume and timing of such sales can still be a point of interest for investors.

Corporate Governance

Stakeholder Impact

• Shareholders: The sale of shares by a director may be perceived by some shareholders as a negative signal, although the execution under a 10b5-1 plan mitigates this concern by indicating a pre-planned strategy.

Key Dates

Keywords

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