Form 4: Cloudflare's Chief Accounting Officer, Janel Riley, Reports Stock Transactions

Janel Riley, Cloudflare's Chief Accounting Officer, reported the sale of Class A Common Stock and the withholding of shares to cover tax liabilities related to vesting restricted stock units.

Summary

• On February 15, 2025, Janel Riley, Chief Accounting Officer of Cloudflare, had shares withheld to cover tax liabilities related to vesting restricted stock units.
• A total of 2,760 shares were withheld at a price of $171.16.
• On February 18, 2025, Riley sold 1,594 shares of Class A Common Stock at a weighted average price of $166.4061.
• An additional 1,395 shares were sold at a weighted average price of $167.423 on the same day.
• Further sales included 938 shares at a weighted average price of $169.0601 and 400 shares at a weighted average price of $169.5275.
• These sales were executed under a Rule 10b5-1 trading plan adopted on February 28, 2024.
• Following these transactions, Riley beneficially owns 74,698 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, as it's a standard regulatory filing.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the sales mitigates potential concerns.

Key Dates

Keywords

Cloudflare, Janel Riley, Form 4, Stock Sale, Rule 10b5-1, Chief Accounting Officer, NET