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

Cloudflare Director Katrin Suder sold 2,031 shares of Class A Common Stock for $200 per share, reducing her direct beneficial ownership to 37,723 shares.

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 $200 per share.
• Following this transaction, Katrin Suder directly beneficially owns 37,723 shares of Class A Common Stock.
• The sale was executed on December 22, 2025.
• This transaction was made pursuant to a Rule 10b5-1 trading plan, which was adopted by Katrin Suder on August 20, 2025.

Sentiment

Score: 5

Explanation: The transaction is a routine insider sale executed under a pre-arranged Rule 10b5-1 trading plan, which typically does not indicate a change in the company's fundamental outlook or new material information.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, pre-scheduled insider transaction and does not reflect a change in company fundamentals or strategic direction.

Key Dates

Recommendation

The sale by a director is a pre-scheduled transaction under a Rule 10b5-1 plan, which is a common practice for insiders to manage personal liquidity. It does not suggest any new material information about Cloudflare's performance or prospects, thus maintaining a neutral stance on the stock.

Keywords

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