NET.NYSECloudflare, INC
Form 4: Cloudflare President Sells Shares
Sentiment:
Insider Transaction (Form 4)
Michelle Zatlyn, President and Board Co-Chair and a Director of Cloudflare, Inc., sold 99,064 shares of common stock on July 13, 2026.
Summary
- Conversion of derivative: acquired 33,058 Class A Common Stock on July 13, 2026; holds 80,483 after (Indirect).
- Open-market sale: disposed of 7,931 Class A Common Stock at $264.03 ($2,094,011) on July 13, 2026; holds 72,552 after (Indirect).
- Open-market sale: disposed of 6,446 Class A Common Stock at $264.79 ($1,706,856) on July 13, 2026; holds 66,106 after (Indirect).
- Open-market sale: disposed of 6,157 Class A Common Stock at $265.88 ($1,636,998) on July 13, 2026; holds 59,949 after (Indirect).
- Open-market sale: disposed of 7,059 Class A Common Stock at $266.88 ($1,883,932) on July 13, 2026; holds 52,890 after (Indirect).
- Open-market sale: disposed of 4,948 Class A Common Stock at $267.97 ($1,325,924) on July 13, 2026; holds 47,942 after (Indirect).
- Open-market sale: disposed of 517 Class A Common Stock at $268.68 ($138,910) on July 13, 2026; holds 47,425 after (Indirect).
- Conversion of derivative: acquired 33,003 Class A Common Stock on July 14, 2026; holds 80,428 after (Indirect).
- Open-market sale: disposed of 1,246 Class A Common Stock at $267.17 ($332,891) on July 14, 2026; holds 79,182 after (Indirect).
- Open-market sale: disposed of 1,254 Class A Common Stock at $268.66 ($336,896) on July 14, 2026; holds 77,928 after (Indirect).
- Open-market sale: disposed of 196 Class A Common Stock at $269.99 ($52,919) on July 14, 2026; holds 77,732 after (Indirect).
- Open-market sale: disposed of 1,292 Class A Common Stock at $272.75 ($352,394) on July 14, 2026; holds 76,440 after (Indirect).
- Open-market sale: disposed of 1,957 Class A Common Stock at $273.95 ($536,125) on July 14, 2026; holds 74,483 after (Indirect).
- Open-market sale: disposed of 2,194 Class A Common Stock at $275.02 ($603,402) on July 14, 2026; holds 72,289 after (Indirect).
- Open-market sale: disposed of 1,702 Class A Common Stock at $275.91 ($469,606) on July 14, 2026; holds 70,587 after (Indirect).
- Open-market sale: disposed of 2,671 Class A Common Stock at $276.93 ($739,678) on July 14, 2026; holds 67,916 after (Indirect).
- Open-market sale: disposed of 1,294 Class A Common Stock at $278.07 ($359,824) on July 14, 2026; holds 66,622 after (Indirect).
- Open-market sale: disposed of 1,626 Class A Common Stock at $279.26 ($454,074) on July 14, 2026; holds 64,996 after (Indirect).
- Open-market sale: disposed of 5,093 Class A Common Stock at $280.13 ($1,426,698) on July 14, 2026; holds 59,903 after (Indirect).
- Open-market sale: disposed of 9,617 Class A Common Stock at $281.40 ($2,706,185) on July 14, 2026; holds 50,286 after (Indirect).
- Open-market sale: disposed of 2,861 Class A Common Stock at $282.13 ($807,182) on July 14, 2026; holds 47,425 after (Indirect).
- Conversion of derivative: acquired 33,003 Class A Common Stock on July 15, 2026; holds 80,428 after (Indirect).
- Open-market sale: disposed of 3,257 Class A Common Stock at $283.69 ($923,975) on July 15, 2026; holds 77,171 after (Indirect).
- Open-market sale: disposed of 5,248 Class A Common Stock at $284.68 ($1,494,018) on July 15, 2026; holds 71,923 after (Indirect).
- Open-market sale: disposed of 7,201 Class A Common Stock at $285.81 ($2,058,082) on July 15, 2026; holds 64,722 after (Indirect).
- Open-market sale: disposed of 8,444 Class A Common Stock at $286.66 ($2,420,542) on July 15, 2026; holds 56,278 after (Indirect).
- Open-market sale: disposed of 1,185 Class A Common Stock at $287.56 ($340,761) on July 15, 2026; holds 55,093 after (Indirect).
- Open-market sale: disposed of 6,912 Class A Common Stock at $289.07 ($1,998,035) on July 15, 2026; holds 48,181 after (Indirect).
- Open-market sale: disposed of 756 Class A Common Stock at $289.88 ($219,146) on July 15, 2026; holds 47,425 after (Indirect).
- Option exercise/conversion: disposed of 33,058 Employee Stock Option (right to buy) on July 13, 2026; holds 1,254,114 after (Direct).
- Option exercise/conversion: acquired 33,058 Class B Common Stock on July 13, 2026; holds 33,058 after (Direct).
- Conversion of derivative: disposed of 33,058 Class B Common Stock on July 13, 2026 (Direct).
- Option exercise/conversion: disposed of 33,003 Employee Stock Option (right to buy) on July 14, 2026; holds 1,221,111 after (Direct).
- Option exercise/conversion: acquired 33,003 Class B Common Stock on July 14, 2026; holds 33,003 after (Direct).
- Conversion of derivative: disposed of 33,003 Class B Common Stock on July 14, 2026 (Direct).
- Option exercise/conversion: disposed of 33,003 Employee Stock Option (right to buy) on July 15, 2026; holds 1,188,108 after (Direct).
- Option exercise/conversion: acquired 33,003 Class B Common Stock on July 15, 2026; holds 33,003 after (Direct).
- Conversion of derivative: disposed of 33,003 Class B Common Stock on July 15, 2026 (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $27,419,061 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Michelle Zatlyn — Director, Officer (President and Board Co-Chair)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-07-13 | Conversion of derivative | Class A Common Stock | 33,058 | — | — | 80,483 |
| 2026-07-13 | Open-market sale | Class A Common Stock | 7,931 | $264 | $2.1M | 72,552 |
| 2026-07-13 | Open-market sale | Class A Common Stock | 6,446 | $265 | $1.7M | 66,106 |
| 2026-07-13 | Open-market sale | Class A Common Stock | 6,157 | $266 | $1.6M | 59,949 |
| 2026-07-13 | Open-market sale | Class A Common Stock | 7,059 | $267 | $1.9M | 52,890 |
| 2026-07-13 | Open-market sale | Class A Common Stock | 4,948 | $268 | $1.3M | 47,942 |
| 2026-07-13 | Open-market sale | Class A Common Stock | 517 | $269 | $138.9K | 47,425 |
| 2026-07-14 | Conversion of derivative | Class A Common Stock | 33,003 | — | — | 80,428 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 1,246 | $267 | $332.9K | 79,182 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 1,254 | $269 | $336.9K | 77,928 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 196 | $270 | $52.9K | 77,732 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 1,292 | $273 | $352.4K | 76,440 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 1,957 | $274 | $536.1K | 74,483 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 2,194 | $275 | $603.4K | 72,289 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 1,702 | $276 | $469.6K | 70,587 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 2,671 | $277 | $739.7K | 67,916 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 1,294 | $278 | $359.8K | 66,622 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 1,626 | $279 | $454.1K | 64,996 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 5,093 | $280 | $1.4M | 59,903 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 9,617 | $281 | $2.7M | 50,286 |
| 2026-07-14 | Open-market sale | Class A Common Stock | 2,861 | $282 | $807.2K | 47,425 |
| 2026-07-15 | Conversion of derivative | Class A Common Stock | 33,003 | — | — | 80,428 |
| 2026-07-15 | Open-market sale | Class A Common Stock | 3,257 | $284 | $924.0K | 77,171 |
| 2026-07-15 | Open-market sale | Class A Common Stock | 5,248 | $285 | $1.5M | 71,923 |
| 2026-07-15 | Open-market sale | Class A Common Stock | 7,201 | $286 | $2.1M | 64,722 |
| 2026-07-15 | Open-market sale | Class A Common Stock | 8,444 | $287 | $2.4M | 56,278 |
| 2026-07-15 | Open-market sale | Class A Common Stock | 1,185 | $288 | $340.8K | 55,093 |
| 2026-07-15 | Open-market sale | Class A Common Stock | 6,912 | $289 | $2.0M | 48,181 |
| 2026-07-15 | Open-market sale | Class A Common Stock | 756 | $290 | $219.1K | 47,425 |
| 2026-07-13 | Option exercise/conversion | Employee Stock Option (right to buy) | 33,058 | — | — | 1,254,114 |
| 2026-07-13 | Option exercise/conversion | Class B Common Stock | 33,058 | — | — | 33,058 |
| 2026-07-13 | Conversion of derivative | Class B Common Stock | 33,058 | — | — | 0 |
| 2026-07-14 | Option exercise/conversion | Employee Stock Option (right to buy) | 33,003 | — | — | 1,221,111 |
| 2026-07-14 | Option exercise/conversion | Class B Common Stock | 33,003 | — | — | 33,003 |
| 2026-07-14 | Conversion of derivative | Class B Common Stock | 33,003 | — | — | 0 |
| 2026-07-15 | Option exercise/conversion | Employee Stock Option (right to buy) | 33,003 | — | — | 1,188,108 |
| 2026-07-15 | Option exercise/conversion | Class B Common Stock | 33,003 | — | — | 33,003 |
| 2026-07-15 | Conversion of derivative | Class B Common Stock | 33,003 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-07-13 | Conversion of derivative (33,058 shares) |
| 2026-07-13 | Open-market sale (7,931 shares) |
| 2026-07-13 | Open-market sale (6,446 shares) |
| 2026-07-13 | Open-market sale (6,157 shares) |
| 2026-07-13 | Open-market sale (7,059 shares) |
| 2026-07-13 | Open-market sale (4,948 shares) |
| 2026-07-13 | Open-market sale (517 shares) |
| 2026-07-14 | Conversion of derivative (33,003 shares) |
| 2026-07-14 | Open-market sale (1,246 shares) |
| 2026-07-14 | Open-market sale (1,254 shares) |
| 2026-07-14 | Open-market sale (196 shares) |
| 2026-07-14 | Open-market sale (1,292 shares) |
| 2026-07-14 | Open-market sale (1,957 shares) |
| 2026-07-14 | Open-market sale (2,194 shares) |
| 2026-07-14 | Open-market sale (1,702 shares) |
| 2026-07-14 | Open-market sale (2,671 shares) |
| 2026-07-14 | Open-market sale (1,294 shares) |
| 2026-07-14 | Open-market sale (1,626 shares) |
| 2026-07-14 | Open-market sale (5,093 shares) |
| 2026-07-14 | Open-market sale (9,617 shares) |
| 2026-07-14 | Open-market sale (2,861 shares) |
| 2026-07-15 | Conversion of derivative (33,003 shares) |
| 2026-07-15 | Open-market sale (3,257 shares) |
| 2026-07-15 | Open-market sale (5,248 shares) |
| 2026-07-15 | Open-market sale (7,201 shares) |
| 2026-07-15 | Open-market sale (8,444 shares) |
| 2026-07-15 | Open-market sale (1,185 shares) |
| 2026-07-15 | Open-market sale (6,912 shares) |
| 2026-07-15 | Open-market sale (756 shares) |
| 2026-07-13 | Option exercise/conversion (33,058 shares) |
| 2026-07-13 | Option exercise/conversion (33,058 shares) |
| 2026-07-13 | Conversion of derivative (33,058 shares) |
| 2026-07-14 | Option exercise/conversion (33,003 shares) |
| 2026-07-14 | Option exercise/conversion (33,003 shares) |
| 2026-07-14 | Conversion of derivative (33,003 shares) |
| 2026-07-15 | Option exercise/conversion (33,003 shares) |
| 2026-07-15 | Option exercise/conversion (33,003 shares) |
| 2026-07-15 | Conversion of derivative (33,003 shares) |
Keywords
insider transaction, Form 4, NET, Cloudflare, Inc., bearish, Michelle Zatlyn
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