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

Cloudflare Director Katrin Suder sold 2,031 shares of Class A Common Stock for $196.38 per share under a pre-arranged trading plan.

Summary

• Katrin Suder, a Director of Cloudflare, Inc. (NET), reported a sale of Class A Common Stock.
• The transaction involved the disposition of 2,031 shares.
• The shares were sold at a price of $196.38 per share.
• The sale was executed on November 19, 2025.
• Following this transaction, Katrin Suder directly beneficially owns 39,754 shares of Class A Common Stock.
• The sale was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on August 20, 2025.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled insider stock sale under a 10b5-1 plan, which is a common practice for corporate insiders to manage their equity holdings without implying a specific sentiment about the company's future performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This filing reports a routine insider transaction and does not provide information related to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: A routine, pre-planned sale by a director is generally not considered a significant signal for shareholders. It is a common practice for diversification or liquidity purposes and does not typically indicate a change in company fundamentals.
• Employees, Customers, Suppliers, Creditors: No direct impact from this filing.

Key Dates

Keywords

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