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Total Value
$15.9M
Net $15.8M sold
Filing Date
Apr 22, 2026
14 transactions
Sales
$15.8M
14 transactions

Trade Summary

On Apr 20, 2026 through Apr 22, 2026, Zatlyn Michelle, President and Board Co-Chair, Director, sold $15.9M of Cloudflare, Inc. (NET) across 14 transactions. The filing covers Class A Common Stock and reflects net selling of $15.8M. Reported prices ranged from $2.04 to $211.59. Insider transactions are sourced from SEC Form 4 disclosures and should be reviewed alongside company fundamentals and the insider's broader trading history.

Company Information

Company Name
Cloudflare, Inc.
Ticker Symbol
NET
CIK
0001477333

Insider Information

Role
President and Board Co-Chair, Director
Location
SAN FRANCISCO, CA

Filing Details

Filing Date
Apr 22, 2026
Transaction Date
Apr 20, 2026
Accession Number
0001104659-26-047010
Form Type
4
Net Trading Amount
-$15.8M

Non-Derivative Transactions

DateSecuritySharesPriceTypeValue
Apr 20, 2026Class A Common Stock25,641—C—
Apr 20, 2026Class A Common Stock3,222$195.86Sale$631.1K
Apr 20, 2026Class A Common Stock709$197.08Sale$139.7K
Apr 20, 2026Class A Common Stock3,803$198.13Sale$753.5K
Apr 20, 2026Class A Common Stock3,877$199.19Sale$772.2K
Apr 20, 2026Class A Common Stock8,109$200.39Sale$1.6M
Apr 20, 2026Class A Common Stock5,921$201.08Sale$1.2M
Apr 21, 2026Class A Common Stock25,641—C—
Apr 21, 2026Class A Common Stock7,909$205.44Sale$1.6M
Apr 21, 2026Class A Common Stock15,001$206.28Sale$3.1M
Apr 21, 2026Class A Common Stock2,731$207.03Sale$565.4K
Apr 22, 2026Class A Common Stock25,641—C—
Apr 22, 2026Class A Common Stock6,225$207.71Sale$1.3M
Apr 22, 2026Class A Common Stock8,443$208.75Sale$1.8M
Apr 22, 2026Class A Common Stock6,578$209.80Sale$1.4M
Apr 22, 2026Class A Common Stock2,969$210.70Sale$625.6K
Apr 22, 2026Class A Common Stock1,426$211.59Sale$301.7K

Derivative Transactions

DateSecuritySharesExercise PriceTypeValue
Apr 20, 2026NET derivative25,641$2.04Exercise$52.3K
Apr 20, 2026NET derivative25,641—Exercise—
Apr 20, 2026NET derivative25,641—C—
Apr 21, 2026NET derivative25,641$2.04Exercise$52.3K
Apr 21, 2026NET derivative25,641—Exercise—
Apr 21, 2026NET derivative25,641—C—
Apr 22, 2026NET derivative25,641$2.04Exercise$52.3K
Apr 22, 2026NET derivative25,641—Exercise—
Apr 22, 2026NET derivative25,641—C—

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Footnotes

  1. (F1)Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.
  2. (F2)The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").
  3. (F3)The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.
  4. (F4)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.44 to $196.43, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (17) to this Form 4.
  5. (F5)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.71 to $197.69, inclusive.
  6. (F6)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.72 to $198.52, inclusive.
  7. (F7)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.755 to $199.70, inclusive.
  8. (F8)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199.82 to $200.81, inclusive.
  9. (F9)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.835 to $201.565, inclusive.
  10. (F10)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $204.82 to $205.81, inclusive.
  11. (F11)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $205.82 to $206.79, inclusive.
  12. (F12)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $206.855 to $207.41, inclusive.
  13. (F13)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $207.28 to $208.25, inclusive.
  14. (F14)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.32 to $209.31, inclusive.
  15. (F15)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $209.32 to $210.29, inclusive.
  16. (F16)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.34 to $211.23, inclusive.
  17. (F17)The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.35 to $211.76, inclusive.
  18. (F18)Total reflects the accurate number of Class A Common Stock shares granted on February 6, 2026, updated to correct the prior filing due to an error in grant size valuation. Total securities beneficially owned has been updated accordingly.
  19. (F19)The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.
  20. (F20)Shares subject to the option are fully vested and immediately exercisable.
  21. (F21)Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held of record by the Revocable Trust.
  22. (F22)The shares are held of record by The SZ 2020 Irrevocable Trust dated November 25, 2020, for which the reporting person serves as an investment advisor.
  23. (F23)The shares are held of record by The SZ 2023 Irrevocable Trust dated August 29, 2023, for which the reporting person serves as a co-trustee.
  24. (F24)The shares are held of record by The Sutherland/Zatlyn 2024 Annuity Trust dated May 29, 2024, for which the reporting person serves as co-trustee.
  25. (F25)The shares are held of record by The Sutherland/Zatlyn 2024 Annuity Trust II dated August 19, 2024, for which the reporting person serves as co-trustee.
  26. (F26)The shares are held of record by The Sutherland/Zatlyn 2024 Annuity Trust III dated November 12, 2024, for which the reporting person serves as co-trustee.
  27. (F27)The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust dated May 23, 2025, for which the reporting person serves as trustee.
  28. (F28)The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust II dated August 15, 2025, for which the reporting person serves as trustee.
  29. (F29)The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust III dated November 11, 2025, for which the reporting person serves as trustee.

SEC Filing

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View the complete filing document on SEC Daily.