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

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 April 1, 2026.
• The transaction involved the sale of 133 shares of Class A Common Stock.
• This sale was executed under a Rule 10b5-1 trading plan adopted on May 30, 2025.
• Following the transaction, Hawkins beneficially owns 10,322 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. The sale was conducted under a pre-established Rule 10b5-1 plan, which is a standard practice for insiders and does not inherently signal negative sentiment about the company's prospects.

Negatives

• Director Mark J. Hawkins sold 133 shares of Class A Common Stock.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it is a statement of changes in beneficial ownership.

Industry Context

StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are common for executives and directors to diversify holdings or manage personal finances in a pre-determined manner, mitigating concerns of insider trading. However, the volume and frequency of such sales can still be a point of interest for investors.

Stakeholder Impact

• Shareholders: The sale by a director may be perceived by some shareholders as a signal, though the Rule 10b5-1 plan mitigates direct insider trading concerns. The impact on share price is likely minimal given the nature of the transaction.

Key Dates

Keywords

Cloudflare, NET, Form 4, Insider Trading, Rule 10b5-1, Director Sale, Class A Common Stock