Matthew Prince - 16 Mar 2026 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Chad Skinner, by power of attorney
Issuer symbol
NET
Transactions as of
16 Mar 2026
Net transactions value
-$30,555,701
Form type
4
Filing time
18 Mar 2026, 19:29:00 UTC
Previous filing
26 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Prince Matthew CEO & Board Co-Chair, Director, 10%+ Owner C/O CLOUDFLARE, INC.,, 405 COMAL STREET, AUSTIN /s/ Chad Skinner, by power of attorney 18 Mar 2026 0001786925

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NET Class A Common Stock Conversion of derivative security +29,473 +129% 52,384 16 Mar 2026 See footnote F1, F2
transaction NET Class A Common Stock Sale $3,149,052 -15,146 -29% $207.91 37,238 16 Mar 2026 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $3,671,885 -17,589 -47% $208.76 19,649 16 Mar 2026 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $2,690,279 -12,817 -65% $209.90 6,832 16 Mar 2026 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale $1,087,346 -5,164 -76% $210.56 1,668 16 Mar 2026 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $298,165 -1,406 -84% $212.07 262 16 Mar 2026 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale $55,721 -262 -100% $212.68 0 16 Mar 2026 See footnote F2, F3, F9
transaction NET Class A Common Stock Conversion of derivative security +52,384 52,384 17 Mar 2026 See footnote F1, F2
transaction NET Class A Common Stock Sale $302,637 -1,454 -2.8% $208.14 50,930 17 Mar 2026 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale $77,684 -372 -0.73% $208.83 50,558 17 Mar 2026 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale $159,286 -756 -1.5% $210.70 49,802 17 Mar 2026 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale $3,444,497 -16,268 -33% $211.73 33,534 17 Mar 2026 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale $5,960,010 -28,031 -84% $212.62 5,503 17 Mar 2026 See footnote F2, F3, F14
transaction NET Class A Common Stock Sale $1,146,331 -5,372 -98% $213.39 131 17 Mar 2026 See footnote F2, F3, F15
transaction NET Class A Common Stock Sale $28,098 -131 -100% $214.49 0 17 Mar 2026 See footnote F2, F3, F16
transaction NET Class A Common Stock Conversion of derivative security +52,384 52,384 18 Mar 2026 See footnote F1, F2
transaction NET Class A Common Stock Sale $591,177 -2,784 -5.3% $212.35 49,600 18 Mar 2026 See footnote F2, F3, F17
transaction NET Class A Common Stock Sale $573,672 -2,690 -5.4% $213.26 46,910 18 Mar 2026 See footnote F2, F3, F18
transaction NET Class A Common Stock Sale $1,652,219 -7,707 -16% $214.38 39,203 18 Mar 2026 See footnote F2, F3, F19
transaction NET Class A Common Stock Sale $646,314 -3,006 -7.7% $215.01 36,197 18 Mar 2026 See footnote F2, F3, F20
transaction NET Class A Common Stock Sale $262,147 -1,212 -3.3% $216.29 34,985 18 Mar 2026 See footnote F2, F3, F21
transaction NET Class A Common Stock Sale $374,975 -1,724 -4.9% $217.50 33,261 18 Mar 2026 See footnote F2, F3, F22
transaction NET Class A Common Stock Sale $1,138,289 -5,216 -16% $218.23 28,045 18 Mar 2026 See footnote F2, F3, F23
transaction NET Class A Common Stock Sale $85,510 -390 -1.4% $219.26 27,655 18 Mar 2026 See footnote F2, F3, F24
transaction NET Class A Common Stock Sale $80,456 -364 -1.3% $221.03 27,291 18 Mar 2026 See footnote F2, F3, F25
transaction NET Class A Common Stock Sale $24,625 -111 -0.41% $221.85 27,180 18 Mar 2026 See footnote F2, F3, F26
transaction NET Class A Common Stock Sale $99,536 -446 -1.6% $223.17 26,734 18 Mar 2026 See footnote F2, F3, F27
transaction NET Class A Common Stock Sale $280,876 -1,252 -4.7% $224.34 25,482 18 Mar 2026 See footnote F2, F3, F28
transaction NET Class A Common Stock Sale $1,934,197 -8,587 -34% $225.25 16,895 18 Mar 2026 See footnote F2, F3, F29
transaction NET Class A Common Stock Sale $740,716 -3,277 -19% $226.03 13,618 18 Mar 2026 See footnote F2, F3, F30

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NET Class B Common Stock Conversion of derivative security -29,473 -0.6% $0.000000* 4,846,841 16 Mar 2026 Class A Common Stock 29,473 See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security -52,384 -1.1% $0.000000* 4,794,457 17 Mar 2026 Class A Common Stock 52,384 See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security -52,384 -1.1% $0.000000* 4,742,073 18 Mar 2026 Class A Common Stock 52,384 See footnote F1, F2
holding NET Class B Common Stock 6,928,408 16 Mar 2026 Class A Common Stock 6,928,408 See footnote F1, F31
holding NET Class B Common Stock 1,060,000 16 Mar 2026 Class A Common Stock 1,060,000 See footnote F1, F32
holding NET Class B Common Stock 2,951,829 16 Mar 2026 Class A Common Stock 2,951,829 See footnote F1, F33
holding NET Class B Common Stock 3,065,015 16 Mar 2026 Class A Common Stock 3,065,015 See footnote F1, F34
holding NET Class B Common Stock 3,103,139 16 Mar 2026 Class A Common Stock 3,103,139 See footnote F1, F35, F36
holding NET Class B Common Stock 2,000,000 16 Mar 2026 Class A Common Stock 2,000,000 See footnote F1, F37
holding NET Class B Common Stock 2,000,000 16 Mar 2026 Class A Common Stock 2,000,000 See footnote F1, F38
* 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 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.
F2 The shares are held of record by The Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.
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 11, 2025.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $207.33 to $208.325, 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 (4) through (30) to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.33 to $209.315, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $209.33 to $210.325, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.33 to $210.975, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.535 to $212.52, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.575 to $212.80, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $207.53 to $208.44, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.57 to $209.515, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.15 to $211.13, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.15 to $212.145, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.15 to $213.145, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $213.15 to $214.14, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $214.355 to $214.655, inclusive.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.70 to $212.65, inclusive.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.765 to $213.75, inclusive.
F19 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $213.79 to $214.785, inclusive.
F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $214.79 to $215.73, inclusive.
F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.805 to $216.785, inclusive.
F22 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.83 to $217.825, inclusive.
F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $217.83 to $218.81, inclusive.
F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.83 to $219.70, inclusive.
F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.38 to $221.33, inclusive.
F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.505 to $222.43, inclusive.
F27 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.65 to $223.495, inclusive.
F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.655 to $224.645, inclusive.
F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.665 to $225.65, inclusive.
F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.68 to $226.64, inclusive.
F31 The shares are held of record by The Prince Family Nonexempt Irrevocable Trust dated March 29, 2016, for which the reporting person serves as an investment advisor.
F32 The shares are held of record by The Prince Family Exempt Irrevocable Trust dated March 29, 2016, for which the reporting person serves as an investment advisor.
F33 The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor.
F34 The shares are held of record by The Matthew Prince 2024 Grantor Retained Annuity Trust dated May 20, 2024, for which the reporting person serves as co-trustee and investment advisor.
F35 This total corrects a scrivener's error from the Reporting Person's Form 4 filed on February 26, 2026, which inadvertently overstated the shares held by The Matthew Prince 2024 Grantor Retained Annuity Trust 2 holdings by 505 shares.
F36 The shares are held of record by The Matthew Prince 2024 Grantor Retained Annuity Trust 2 dated August 20, 2024, for which the reporting person serves as co-trustee and investment advisor.
F37 The shares are held of record by The Matthew Prince 2025 Grantor Retained Annuity Trust dated May 10, 2025, for which the reporting person serves as an investment advisor.
F38 The shares are held of record by The Matthew Prince 2025 Grantor Retained Annuity Trust 2 dated August 11, 2025, for which the reporting person serves as co-trustee and investment advisor.

Remarks:

This Form 4 is the first of two forms being filed to report transactions by the reporting person occurring on March 16, 2026 through March 18, 2026.