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 October 5, 2026.
Summary
- Conversion of derivative: acquired 33,003 Class A Common Stock on October 5, 2026; holds 102,778 after (Indirect).
- Open-market sale: disposed of 3,619 Class A Common Stock at $349.07 ($1,263,280) on October 5, 2026; holds 99,159 after (Indirect).
- Open-market sale: disposed of 2,683 Class A Common Stock at $350.09 ($939,288) on October 5, 2026; holds 96,476 after (Indirect).
- Open-market sale: disposed of 4,829 Class A Common Stock at $351.30 ($1,696,451) on October 5, 2026; holds 91,647 after (Indirect).
- Open-market sale: disposed of 6,864 Class A Common Stock at $352.39 ($2,418,779) on October 5, 2026; holds 84,783 after (Indirect).
- Open-market sale: disposed of 5,892 Class A Common Stock at $353.35 ($2,081,917) on October 5, 2026; holds 78,891 after (Indirect).
- Open-market sale: disposed of 2,823 Class A Common Stock at $354.32 ($1,000,240) on October 5, 2026; holds 76,068 after (Indirect).
- Open-market sale: disposed of 6,136 Class A Common Stock at $355.45 ($2,181,050) on October 5, 2026; holds 69,932 after (Indirect).
- Open-market sale: disposed of 157 Class A Common Stock at $356.05 ($55,900) on October 5, 2026; holds 69,775 after (Indirect).
- Conversion of derivative: acquired 33,003 Class A Common Stock on October 6, 2026; holds 102,778 after (Indirect).
- Open-market sale: disposed of 4,260 Class A Common Stock at $364.39 ($1,552,312) on October 6, 2026; holds 98,518 after (Indirect).
- Open-market sale: disposed of 6,179 Class A Common Stock at $365.69 ($2,259,605) on October 6, 2026; holds 92,339 after (Indirect).
- Open-market sale: disposed of 9,170 Class A Common Stock at $366.65 ($3,362,222) on October 6, 2026; holds 83,169 after (Indirect).
- Open-market sale: disposed of 8,559 Class A Common Stock at $367.72 ($3,147,344) on October 6, 2026; holds 74,610 after (Indirect).
- Open-market sale: disposed of 4,083 Class A Common Stock at $368.59 ($1,504,957) on October 6, 2026; holds 70,527 after (Indirect).
- Open-market sale: disposed of 752 Class A Common Stock at $369.34 ($277,742) on October 6, 2026; holds 69,775 after (Indirect).
- Conversion of derivative: acquired 33,003 Class A Common Stock on October 7, 2026; holds 102,778 after (Indirect).
- Open-market sale: disposed of 5,694 Class A Common Stock at $346.40 ($1,972,399) on October 7, 2026; holds 97,084 after (Indirect).
- Open-market sale: disposed of 9,022 Class A Common Stock at $347.20 ($3,132,454) on October 7, 2026; holds 88,062 after (Indirect).
- Open-market sale: disposed of 7,688 Class A Common Stock at $348.23 ($2,677,195) on October 7, 2026; holds 80,374 after (Indirect).
- Open-market sale: disposed of 3,900 Class A Common Stock at $349.38 ($1,362,590) on October 7, 2026; holds 76,474 after (Indirect).
- Open-market sale: disposed of 4,240 Class A Common Stock at $350.37 ($1,485,587) on October 7, 2026; holds 72,234 after (Indirect).
- Open-market sale: disposed of 2,162 Class A Common Stock at $351.40 ($759,730) on October 7, 2026; holds 70,072 after (Indirect).
- Open-market sale: disposed of 297 Class A Common Stock at $352.25 ($104,617) on October 7, 2026; holds 69,775 after (Indirect).
- Option exercise/conversion: disposed of 33,003 Employee Stock Option (right to buy) on October 5, 2026; holds 957,087 after (Direct).
- Option exercise/conversion: acquired 33,003 Class B Common Stock on October 5, 2026; holds 33,003 after (Direct).
- Conversion of derivative: disposed of 33,003 Class B Common Stock on October 5, 2026 (Direct).
- Option exercise/conversion: disposed of 33,003 Employee Stock Option (right to buy) on October 6, 2026; holds 924,084 after (Direct).
- Option exercise/conversion: acquired 33,003 Class B Common Stock on October 6, 2026; holds 33,003 after (Direct).
- Conversion of derivative: disposed of 33,003 Class B Common Stock on October 6, 2026 (Direct).
- Option exercise/conversion: disposed of 33,003 Employee Stock Option (right to buy) on October 7, 2026; holds 891,081 after (Direct).
- Option exercise/conversion: acquired 33,003 Class B Common Stock on October 7, 2026; holds 33,003 after (Direct).
- Conversion of derivative: disposed of 33,003 Class B Common Stock on October 7, 2026 (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $35,235,659 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 |
|---|---|---|---|---|---|---|
| 2026-10-05 | Conversion of derivative | Class A Common Stock | 33,003 | — | — | 102,778 |
| 2026-10-05 | Open-market sale | Class A Common Stock | 3,619 | $349 | $1.3M | 99,159 |
| 2026-10-05 | Open-market sale | Class A Common Stock | 2,683 | $350 | $939.3K | 96,476 |
| 2026-10-05 | Open-market sale | Class A Common Stock | 4,829 | $351 | $1.7M | 91,647 |
| 2026-10-05 | Open-market sale | Class A Common Stock | 6,864 | $352 | $2.4M | 84,783 |
| 2026-10-05 | Open-market sale | Class A Common Stock | 5,892 | $353 | $2.1M | 78,891 |
| 2026-10-05 | Open-market sale | Class A Common Stock | 2,823 | $354 | $1.0M | 76,068 |
| 2026-10-05 | Open-market sale | Class A Common Stock | 6,136 | $355 | $2.2M | 69,932 |
| 2026-10-05 | Open-market sale | Class A Common Stock | 157 | $356 | $55.9K | 69,775 |
| 2026-10-06 | Conversion of derivative | Class A Common Stock | 33,003 | — | — | 102,778 |
| 2026-10-06 | Open-market sale | Class A Common Stock | 4,260 | $364 | $1.6M | 98,518 |
| 2026-10-06 | Open-market sale | Class A Common Stock | 6,179 | $366 | $2.3M | 92,339 |
| 2026-10-06 | Open-market sale | Class A Common Stock | 9,170 | $367 | $3.4M | 83,169 |
| 2026-10-06 | Open-market sale | Class A Common Stock | 8,559 | $368 | $3.1M | 74,610 |
| 2026-10-06 | Open-market sale | Class A Common Stock | 4,083 | $369 | $1.5M | 70,527 |
| 2026-10-06 | Open-market sale | Class A Common Stock | 752 | $369 | $277.7K | 69,775 |
| 2026-10-07 | Conversion of derivative | Class A Common Stock | 33,003 | — | — | 102,778 |
| 2026-10-07 | Open-market sale | Class A Common Stock | 5,694 | $346 | $2.0M | 97,084 |
| 2026-10-07 | Open-market sale | Class A Common Stock | 9,022 | $347 | $3.1M | 88,062 |
| 2026-10-07 | Open-market sale | Class A Common Stock | 7,688 | $348 | $2.7M | 80,374 |
| 2026-10-07 | Open-market sale | Class A Common Stock | 3,900 | $349 | $1.4M | 76,474 |
| 2026-10-07 | Open-market sale | Class A Common Stock | 4,240 | $350 | $1.5M | 72,234 |
| 2026-10-07 | Open-market sale | Class A Common Stock | 2,162 | $351 | $759.7K | 70,072 |
| 2026-10-07 | Open-market sale | Class A Common Stock | 297 | $352 | $104.6K | 69,775 |
| 2026-10-05 | Option exercise/conversion | Employee Stock Option (right to buy) | 33,003 | — | — | 957,087 |
| 2026-10-05 | Option exercise/conversion | Class B Common Stock | 33,003 | — | — | 33,003 |
| 2026-10-05 | Conversion of derivative | Class B Common Stock | 33,003 | — | — | 0 |
| 2026-10-06 | Option exercise/conversion | Employee Stock Option (right to buy) | 33,003 | — | — | 924,084 |
| 2026-10-06 | Option exercise/conversion | Class B Common Stock | 33,003 | — | — | 33,003 |
| 2026-10-06 | Conversion of derivative | Class B Common Stock | 33,003 | — | — | 0 |
| 2026-10-07 | Option exercise/conversion | Employee Stock Option (right to buy) | 33,003 | — | — | 891,081 |
| 2026-10-07 | Option exercise/conversion | Class B Common Stock | 33,003 | — | — | 33,003 |
| 2026-10-07 | Conversion of derivative | Class B Common Stock | 33,003 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-05 | Conversion of derivative (33,003 shares) |
| 2026-10-05 | Open-market sale (3,619 shares) |
| 2026-10-05 | Open-market sale (2,683 shares) |
| 2026-10-05 | Open-market sale (4,829 shares) |
| 2026-10-05 | Open-market sale (6,864 shares) |
| 2026-10-05 | Open-market sale (5,892 shares) |
| 2026-10-05 | Open-market sale (2,823 shares) |
| 2026-10-05 | Open-market sale (6,136 shares) |
| 2026-10-05 | Open-market sale (157 shares) |
| 2026-10-06 | Conversion of derivative (33,003 shares) |
| 2026-10-06 | Open-market sale (4,260 shares) |
| 2026-10-06 | Open-market sale (6,179 shares) |
| 2026-10-06 | Open-market sale (9,170 shares) |
| 2026-10-06 | Open-market sale (8,559 shares) |
| 2026-10-06 | Open-market sale (4,083 shares) |
| 2026-10-06 | Open-market sale (752 shares) |
| 2026-10-07 | Conversion of derivative (33,003 shares) |
| 2026-10-07 | Open-market sale (5,694 shares) |
| 2026-10-07 | Open-market sale (9,022 shares) |
| 2026-10-07 | Open-market sale (7,688 shares) |
| 2026-10-07 | Open-market sale (3,900 shares) |
| 2026-10-07 | Open-market sale (4,240 shares) |
| 2026-10-07 | Open-market sale (2,162 shares) |
| 2026-10-07 | Open-market sale (297 shares) |
| 2026-10-05 | Option exercise/conversion (33,003 shares) |
| 2026-10-05 | Option exercise/conversion (33,003 shares) |
| 2026-10-05 | Conversion of derivative (33,003 shares) |
| 2026-10-06 | Option exercise/conversion (33,003 shares) |
| 2026-10-06 | Option exercise/conversion (33,003 shares) |
| 2026-10-06 | Conversion of derivative (33,003 shares) |
| 2026-10-07 | Option exercise/conversion (33,003 shares) |
| 2026-10-07 | Option exercise/conversion (33,003 shares) |
| 2026-10-07 | Conversion of derivative (33,003 shares) |
Keywords
insider transaction, Form 4, NET, Cloudflare, Inc., bearish, Michelle Zatlyn
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