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

Cloudflare Director Mark J Hawkins executed a pre-planned sale of 134 Class A Common Stock shares at $197.65 each, reducing his direct beneficial ownership to 10,856 shares.

Summary

• Mark J Hawkins, a Director of Cloudflare, Inc. (NET), reported a sale of Class A Common Stock.
• The transaction involved the disposition of 134 shares of Class A Common Stock.
• The shares were sold at a price of $197.65 per share.
• The total value of the shares sold was $26,505.10.
• Following this transaction, Mark J Hawkins directly beneficially owns 10,856 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 May 30, 2025.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled insider stock sale under a 10b5-1 plan, which is generally considered neutral in terms of company sentiment as it is not indicative of a change in the director's confidence or the company's fundamentals.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide information directly related to broader industry trends or competitive landscape for Cloudflare, Inc.

Stakeholder Impact

• Minimal impact on shareholders due to the small number of shares involved and the pre-planned nature of the transaction under a Rule 10b5-1 plan.

Key Dates

Recommendation

This Form 4 reports a routine, pre-scheduled sale of a small number of shares by a director under a Rule 10b5-1 plan. Such transactions are typically not indicative of a change in the company's fundamental outlook or the director's confidence, and therefore do not warrant a change in investment recommendation.

Keywords

Cloudflare, NET, Form 4, Insider Trading, Stock Sale, Director, Mark J Hawkins, 10b5-1 Plan