Form 4: Cloudflare's Chief Legal Officer, Douglas Kramer, Executes Stock Sales Under 10b5-1 Plan

Douglas Kramer, Chief Legal Officer of Cloudflare, sold shares of Class A Common Stock on May 1, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 1, 2025, Douglas Kramer, the Chief Legal Officer of Cloudflare, sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 25, 2024.
• A total of 2,990 shares were sold in multiple transactions at varying prices.
• The weighted average sale prices ranged from $122.785 to $125.505 per share.
• Following the reported transactions, Kramer still beneficially owns 185,406 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged trading plan, which is a routine activity.

Industry Context

Sales by company insiders are a common occurrence and are often viewed in the context of pre-arranged trading plans to avoid accusations of trading on inside information. The market typically assesses the volume and frequency of such sales to gauge potential impact.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small volume of shares sold compared to the total outstanding shares.

Key Dates

Keywords

Cloudflare, Douglas Kramer, Chief Legal Officer, Stock Sale, Form 4, 10b5-1 Trading Plan, NET, Class A Common Stock