Form 4: Cloudflare Executive Sells Shares
Insider Transaction (Form 4)
Alissa Michelle Starzak, Chief Legal Officer of Cloudflare, Inc., sold 5,871 shares of common stock on August 17, 2026.
Summary
- Option exercise/conversion: acquired 3,333 Class A Common Stock at $77.70 ($258,974) on August 17, 2026; holds 117,953 after (Direct).
- Open-market sale: disposed of 965 Class A Common Stock at $307.55 ($296,784) on August 17, 2026; holds 116,988 after (Direct).
- Open-market sale: disposed of 585 Class A Common Stock at $308.66 ($180,565) on August 17, 2026; holds 116,403 after (Direct).
- Open-market sale: disposed of 350 Class A Common Stock at $309.51 ($108,327) on August 17, 2026; holds 116,053 after (Direct).
- Open-market sale: disposed of 274 Class A Common Stock at $310.62 ($85,109) on August 17, 2026; holds 115,779 after (Direct).
- Open-market sale: disposed of 460 Class A Common Stock at $311.72 ($143,391) on August 17, 2026; holds 115,319 after (Direct).
- Open-market sale: disposed of 300 Class A Common Stock at $313.60 ($94,079) on August 17, 2026; holds 115,019 after (Direct).
- Open-market sale: disposed of 399 Class A Common Stock at $314.49 ($125,482) on August 17, 2026; holds 114,620 after (Direct).
- Open-market sale: disposed of 2,538 Class A Common Stock at $304.68 ($773,278) on August 18, 2026; holds 112,082 after (Direct).
- Option exercise/conversion: disposed of 3,333 Performance Stock Option (right to buy) on August 17, 2026; holds 86,666 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $1,807,014 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Alissa Michelle Starzak — Officer (Chief Legal Officer)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-17 | Option exercise/conversion | Class A Common Stock | 3,333 | $78 | $259.0K | 117,953 |
| 2026-08-17 | Open-market sale | Class A Common Stock | 965 | $308 | $296.8K | 116,988 |
| 2026-08-17 | Open-market sale | Class A Common Stock | 585 | $309 | $180.6K | 116,403 |
| 2026-08-17 | Open-market sale | Class A Common Stock | 350 | $310 | $108.3K | 116,053 |
| 2026-08-17 | Open-market sale | Class A Common Stock | 274 | $311 | $85.1K | 115,779 |
| 2026-08-17 | Open-market sale | Class A Common Stock | 460 | $312 | $143.4K | 115,319 |
| 2026-08-17 | Open-market sale | Class A Common Stock | 300 | $314 | $94.1K | 115,019 |
| 2026-08-17 | Open-market sale | Class A Common Stock | 399 | $314 | $125.5K | 114,620 |
| 2026-08-18 | Open-market sale | Class A Common Stock | 2,538 | $305 | $773.3K | 112,082 |
| 2026-08-17 | Option exercise/conversion | Performance Stock Option (right to buy) | 3,333 | — | — | 86,666 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-17 | Option exercise/conversion (3,333 shares) |
| 2026-08-17 | Open-market sale (965 shares) |
| 2026-08-17 | Open-market sale (585 shares) |
| 2026-08-17 | Open-market sale (350 shares) |
| 2026-08-17 | Open-market sale (274 shares) |
| 2026-08-17 | Open-market sale (460 shares) |
| 2026-08-17 | Open-market sale (300 shares) |
| 2026-08-17 | Open-market sale (399 shares) |
| 2026-08-18 | Open-market sale (2,538 shares) |
| 2026-08-17 | Option exercise/conversion (3,333 shares) |
Keywords
insider transaction, Form 4, NET, Cloudflare, Inc., bearish, Alissa Michelle Starzak
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