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 99,009 shares of common stock on August 19, 2026.
Summary
- Conversion of derivative: acquired 33,003 Class A Common Stock on August 19, 2026; holds 102,778 after (Indirect).
- Open-market sale: disposed of 4,298 Class A Common Stock at $290.86 ($1,250,135) on August 19, 2026; holds 98,480 after (Indirect).
- Open-market sale: disposed of 3,971 Class A Common Stock at $291.77 ($1,158,639) on August 19, 2026; holds 94,509 after (Indirect).
- Open-market sale: disposed of 1,546 Class A Common Stock at $292.87 ($452,771) on August 19, 2026; holds 92,963 after (Indirect).
- Open-market sale: disposed of 1,420 Class A Common Stock at $293.42 ($416,663) on August 19, 2026; holds 91,543 after (Indirect).
- Open-market sale: disposed of 10,604 Class A Common Stock at $295.31 ($3,131,503) on August 19, 2026; holds 80,939 after (Indirect).
- Open-market sale: disposed of 7,566 Class A Common Stock at $296.31 ($2,241,899) on August 19, 2026; holds 73,373 after (Indirect).
- Open-market sale: disposed of 1,554 Class A Common Stock at $297.10 ($461,692) on August 19, 2026; holds 71,819 after (Indirect).
- Open-market sale: disposed of 824 Class A Common Stock at $297.99 ($245,545) on August 19, 2026; holds 70,995 after (Indirect).
- Open-market sale: disposed of 1,217 Class A Common Stock at $298.98 ($363,864) on August 19, 2026; holds 69,778 after (Indirect).
- Open-market sale: disposed of 3 Class A Common Stock at $300.83 ($902) on August 19, 2026; holds 69,775 after (Indirect).
- Conversion of derivative: acquired 33,003 Class A Common Stock on August 20, 2026; holds 102,778 after (Indirect).
- Open-market sale: disposed of 7,007 Class A Common Stock at $283.21 ($1,984,470) on August 20, 2026; holds 95,771 after (Indirect).
- Open-market sale: disposed of 8,646 Class A Common Stock at $284.05 ($2,455,901) on August 20, 2026; holds 87,125 after (Indirect).
- Open-market sale: disposed of 8,467 Class A Common Stock at $285.16 ($2,414,429) on August 20, 2026; holds 78,658 after (Indirect).
- Open-market sale: disposed of 3,109 Class A Common Stock at $286.10 ($889,477) on August 20, 2026; holds 75,549 after (Indirect).
- Open-market sale: disposed of 2,335 Class A Common Stock at $287.00 ($670,149) on August 20, 2026; holds 73,214 after (Indirect).
- Open-market sale: disposed of 2,544 Class A Common Stock at $288.01 ($732,699) on August 20, 2026; holds 70,670 after (Indirect).
- Open-market sale: disposed of 136 Class A Common Stock at $289.30 ($39,345) on August 20, 2026; holds 70,534 after (Indirect).
- Open-market sale: disposed of 759 Class A Common Stock at $291.80 ($221,477) on August 20, 2026; holds 69,775 after (Indirect).
- Conversion of derivative: acquired 33,003 Class A Common Stock on August 21, 2026; holds 102,778 after (Indirect).
- Open-market sale: disposed of 2,206 Class A Common Stock at $274.47 ($605,485) on August 21, 2026; holds 100,572 after (Indirect).
- Open-market sale: disposed of 8,990 Class A Common Stock at $275.66 ($2,478,197) on August 21, 2026; holds 91,582 after (Indirect).
- Open-market sale: disposed of 4,236 Class A Common Stock at $276.67 ($1,171,955) on August 21, 2026; holds 87,346 after (Indirect).
- Open-market sale: disposed of 5,642 Class A Common Stock at $277.95 ($1,568,175) on August 21, 2026; holds 81,704 after (Indirect).
- Open-market sale: disposed of 5,624 Class A Common Stock at $278.78 ($1,567,873) on August 21, 2026; holds 76,080 after (Indirect).
- Open-market sale: disposed of 5,259 Class A Common Stock at $279.72 ($1,471,040) on August 21, 2026; holds 70,821 after (Indirect).
- Open-market sale: disposed of 956 Class A Common Stock at $280.42 ($268,080) on August 21, 2026; holds 69,865 after (Indirect).
- Open-market sale: disposed of 90 Class A Common Stock at $281.31 ($25,318) on August 21, 2026; holds 69,775 after (Indirect).
- Option exercise/conversion: disposed of 33,003 Employee Stock Option (right to buy) on August 19, 2026; holds 1,155,105 after (Direct).
- Option exercise/conversion: acquired 33,003 Class B Common Stock on August 19, 2026; holds 33,003 after (Direct).
- Conversion of derivative: disposed of 33,003 Class B Common Stock on August 19, 2026 (Direct).
- Option exercise/conversion: disposed of 33,003 Employee Stock Option (right to buy) on August 20, 2026; holds 1,122,102 after (Direct).
- Option exercise/conversion: acquired 33,003 Class B Common Stock on August 20, 2026; holds 33,003 after (Direct).
- Conversion of derivative: disposed of 33,003 Class B Common Stock on August 20, 2026 (Direct).
- Option exercise/conversion: disposed of 33,003 Employee Stock Option (right to buy) on August 21, 2026; holds 1,089,099 after (Direct).
- Option exercise/conversion: acquired 33,003 Class B Common Stock on August 21, 2026; holds 33,003 after (Direct).
- Conversion of derivative: disposed of 33,003 Class B Common Stock on August 21, 2026 (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $28,287,684 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 |
|---|---|---|---|---|---|---|
| 2026-08-19 | Conversion of derivative | Class A Common Stock | 33,003 | — | — | 102,778 |
| 2026-08-19 | Open-market sale | Class A Common Stock | 4,298 | $291 | $1.3M | 98,480 |
| 2026-08-19 | Open-market sale | Class A Common Stock | 3,971 | $292 | $1.2M | 94,509 |
| 2026-08-19 | Open-market sale | Class A Common Stock | 1,546 | $293 | $452.8K | 92,963 |
| 2026-08-19 | Open-market sale | Class A Common Stock | 1,420 | $293 | $416.7K | 91,543 |
| 2026-08-19 | Open-market sale | Class A Common Stock | 10,604 | $295 | $3.1M | 80,939 |
| 2026-08-19 | Open-market sale | Class A Common Stock | 7,566 | $296 | $2.2M | 73,373 |
| 2026-08-19 | Open-market sale | Class A Common Stock | 1,554 | $297 | $461.7K | 71,819 |
| 2026-08-19 | Open-market sale | Class A Common Stock | 824 | $298 | $245.5K | 70,995 |
| 2026-08-19 | Open-market sale | Class A Common Stock | 1,217 | $299 | $363.9K | 69,778 |
| 2026-08-19 | Open-market sale | Class A Common Stock | 3 | $301 | $903 | 69,775 |
| 2026-08-20 | Conversion of derivative | Class A Common Stock | 33,003 | — | — | 102,778 |
| 2026-08-20 | Open-market sale | Class A Common Stock | 7,007 | $283 | $2.0M | 95,771 |
| 2026-08-20 | Open-market sale | Class A Common Stock | 8,646 | $284 | $2.5M | 87,125 |
| 2026-08-20 | Open-market sale | Class A Common Stock | 8,467 | $285 | $2.4M | 78,658 |
| 2026-08-20 | Open-market sale | Class A Common Stock | 3,109 | $286 | $889.5K | 75,549 |
| 2026-08-20 | Open-market sale | Class A Common Stock | 2,335 | $287 | $670.1K | 73,214 |
| 2026-08-20 | Open-market sale | Class A Common Stock | 2,544 | $288 | $732.7K | 70,670 |
| 2026-08-20 | Open-market sale | Class A Common Stock | 136 | $289 | $39.3K | 70,534 |
| 2026-08-20 | Open-market sale | Class A Common Stock | 759 | $292 | $221.5K | 69,775 |
| 2026-08-21 | Conversion of derivative | Class A Common Stock | 33,003 | — | — | 102,778 |
| 2026-08-21 | Open-market sale | Class A Common Stock | 2,206 | $274 | $605.5K | 100,572 |
| 2026-08-21 | Open-market sale | Class A Common Stock | 8,990 | $276 | $2.5M | 91,582 |
| 2026-08-21 | Open-market sale | Class A Common Stock | 4,236 | $277 | $1.2M | 87,346 |
| 2026-08-21 | Open-market sale | Class A Common Stock | 5,642 | $278 | $1.6M | 81,704 |
| 2026-08-21 | Open-market sale | Class A Common Stock | 5,624 | $279 | $1.6M | 76,080 |
| 2026-08-21 | Open-market sale | Class A Common Stock | 5,259 | $280 | $1.5M | 70,821 |
| 2026-08-21 | Open-market sale | Class A Common Stock | 956 | $280 | $268.1K | 69,865 |
| 2026-08-21 | Open-market sale | Class A Common Stock | 90 | $281 | $25.3K | 69,775 |
| 2026-08-19 | Option exercise/conversion | Employee Stock Option (right to buy) | 33,003 | — | — | 1,155,105 |
| 2026-08-19 | Option exercise/conversion | Class B Common Stock | 33,003 | — | — | 33,003 |
| 2026-08-19 | Conversion of derivative | Class B Common Stock | 33,003 | — | — | 0 |
| 2026-08-20 | Option exercise/conversion | Employee Stock Option (right to buy) | 33,003 | — | — | 1,122,102 |
| 2026-08-20 | Option exercise/conversion | Class B Common Stock | 33,003 | — | — | 33,003 |
| 2026-08-20 | Conversion of derivative | Class B Common Stock | 33,003 | — | — | 0 |
| 2026-08-21 | Option exercise/conversion | Employee Stock Option (right to buy) | 33,003 | — | — | 1,089,099 |
| 2026-08-21 | Option exercise/conversion | Class B Common Stock | 33,003 | — | — | 33,003 |
| 2026-08-21 | Conversion of derivative | Class B Common Stock | 33,003 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-19 | Conversion of derivative (33,003 shares) |
| 2026-08-19 | Open-market sale (4,298 shares) |
| 2026-08-19 | Open-market sale (3,971 shares) |
| 2026-08-19 | Open-market sale (1,546 shares) |
| 2026-08-19 | Open-market sale (1,420 shares) |
| 2026-08-19 | Open-market sale (10,604 shares) |
| 2026-08-19 | Open-market sale (7,566 shares) |
| 2026-08-19 | Open-market sale (1,554 shares) |
| 2026-08-19 | Open-market sale (824 shares) |
| 2026-08-19 | Open-market sale (1,217 shares) |
| 2026-08-19 | Open-market sale (3 shares) |
| 2026-08-20 | Conversion of derivative (33,003 shares) |
| 2026-08-20 | Open-market sale (7,007 shares) |
| 2026-08-20 | Open-market sale (8,646 shares) |
| 2026-08-20 | Open-market sale (8,467 shares) |
| 2026-08-20 | Open-market sale (3,109 shares) |
| 2026-08-20 | Open-market sale (2,335 shares) |
| 2026-08-20 | Open-market sale (2,544 shares) |
| 2026-08-20 | Open-market sale (136 shares) |
| 2026-08-20 | Open-market sale (759 shares) |
| 2026-08-21 | Conversion of derivative (33,003 shares) |
| 2026-08-21 | Open-market sale (2,206 shares) |
| 2026-08-21 | Open-market sale (8,990 shares) |
| 2026-08-21 | Open-market sale (4,236 shares) |
| 2026-08-21 | Open-market sale (5,642 shares) |
| 2026-08-21 | Open-market sale (5,624 shares) |
| 2026-08-21 | Open-market sale (5,259 shares) |
| 2026-08-21 | Open-market sale (956 shares) |
| 2026-08-21 | Open-market sale (90 shares) |
| 2026-08-19 | Option exercise/conversion (33,003 shares) |
| 2026-08-19 | Option exercise/conversion (33,003 shares) |
| 2026-08-19 | Conversion of derivative (33,003 shares) |
| 2026-08-20 | Option exercise/conversion (33,003 shares) |
| 2026-08-20 | Option exercise/conversion (33,003 shares) |
| 2026-08-20 | Conversion of derivative (33,003 shares) |
| 2026-08-21 | Option exercise/conversion (33,003 shares) |
| 2026-08-21 | Option exercise/conversion (33,003 shares) |
| 2026-08-21 | Conversion of derivative (33,003 shares) |
Keywords
insider transaction, Form 4, NET, Cloudflare, Inc., bearish, Michelle Zatlyn
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