Carl Ledbetter - 05 Jan 2026 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
Director
Signature
/s/ Chad Skinner, by power of attorney
Issuer symbol
NET
Transactions as of
05 Jan 2026
Net transactions value
-$1,216,136
Form type
4
Filing time
06 Jan 2026, 16:33:50 UTC
Previous filing
30 Dec 2025
Next filing
28 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ledbetter Carl Director C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO /s/ Chad Skinner, by power of attorney 06 Jan 2026 0001366574

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NET Class A Common Stock Sale $308,573 -1,567 -0.16% $196.92 972,640 05 Jan 2026 See footnote F1, F2, F3
transaction NET Class A Common Stock Sale $455,774 -2,300 -0.24% $198.16 970,340 05 Jan 2026 See footnote F1, F3, F4
transaction NET Class A Common Stock Sale $451,790 -2,267 -0.23% $199.29 968,073 05 Jan 2026 See footnote F1, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.62 to $197.1687, inclusive. The reporting person undertakes to provide 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 (2) and (4) through (5) to this Form 4.
F3 The shares are held of record by the Carl S. Ledbetter Trust dated February 14, 2020, for which the reporting person serves as a trustee.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.64 to $198.49, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.91 to $199.54, inclusive.