Quick Takeaways
- NET - Cloudflare, Inc. has 17 insiders with reported activity on this page.
- Net insider value flow over the last year: -$678,720,270.
- Recent transaction rows are available for direct filing-level review.
Insider Transactions Reported by 17 Insiders of Cloudflare, Inc.
- Symbol
- NET on NYSE
- Location
- San Francisco, CA
What Changed
- Buy value: ; sell value: $678,720,270.
- Net share flow: -3,484,005.
Why This Matters
- This page gives a plain-language issuer insider context before you inspect transaction-level evidence.
- Use the filing links below to verify timestamps, codes, and ownership impacts directly from SEC forms.
Source Evidence
Filed on Form 4
See Original Filing
Issuer insider activity is sourced from SEC Forms 3, 4, and 5.
Insider trading overview
Last 12 monthsNet insider flow leans to selling over the last 12 months. Net value: -$678,720,270.
Buys
$0
Shares: 0
Insiders: 0
Sells
$678,720,270
Shares: 3,484,005
Insiders: 9
Net
-$678,720,270
Shares: -3,484,005
Insiders: -9
| Window (months) | Buy shares | Sell shares | Buy $ | Sell $ | Net $ |
|---|---|---|---|---|---|
| 0-3 | 0 | 855,137 | $0 | $168,262,546 | -$168,262,546 |
| 3-6 | 0 | 848,750 | $0 | $167,944,664 | -$167,944,664 |
| 6-9 | 0 | 851,494 | $0 | $179,053,313 | -$179,053,313 |
| 9-12 | 0 | 928,624 | $0 | $163,459,747 | -$163,459,747 |
Cloudflare, Inc. executives and other stock owners filed with the SEC include:
| Name | Relationship | Holdings Value | Past Year Net Change | Change % | Valuation | Report Date |
|---|---|---|---|---|---|---|
| Matthew Prince | CEO & Board Co-Chair, Director, 10%+ Owner | $1,054,078,475 | -$368,431,535 | -26% | Mixed | 06 Apr 2026 |
| Carl Ledbetter | Director | $220,274,218 | -$36,915,396 | -14% | Mixed | 05 May 2026 |
| Michelle Zatlyn | President and Board Co-Chair, Director | $166,913,831 | -$184,309,961 | -52% | Mixed | 20 Apr 2026 |
| John Graham-Cumming | Director | $110,536,473 | -$6,486,115 | -5.5% | Filing P/S | 04 May 2026 |
| Thomas J. Seifert | Chief Financial Officer | $55,900,654 | -$65,378,967 | -54% | Mixed | 15 Apr 2026 |
| Alissa Michelle Starzak | Chief Legal Officer | $26,473,834 | Median | 29 Apr 2026 | ||
| Douglas James Kramer | Chief Legal Officer | $22,013,195 | -$9,057,645 | -29% | Mixed | 15 Feb 2026 |
| Janel Riley | Chief Accounting Officer | $10,790,290 | -$6,407,251 | -37% | Filing P/S | 05 Mar 2026 |
| Mark Anderson | Director | $9,011,096 | Mixed | 15 Aug 2023 | ||
| Katrin Suder | Director | $7,544,600 | -$909,624 | -11% | Filing P/S | 22 Dec 2025 |
| Scott D. Sandell | Director | $6,767,224 | Mixed | 05 Jun 2025 | ||
| Paul D. Underwood | Chief Accounting Officer | $2,367,426 | Mixed | 15 May 2023 | ||
| Mark J. Hawkins | Director | $2,156,196 | -$823,776 | -28% | Filing P/S | 01 May 2026 |
| Karim Lakhani | Director | $798,709 | Mixed | 27 Mar 2025 | ||
| Maria S. Eitel | Director | $525,132 | Filing P/S | 01 Nov 2024 | ||
| Stacey Cunningham | Director | $401,736 | Mixed | 27 Mar 2025 | ||
| Stanley J. Meresman | Director | $207,620 | Mixed | 11 May 2022 |
Top shareholders of Cloudflare, Inc. (13F + 13D/G + 3/4/5)
Grouped by holder across the latest SEC ownership disclosures. Ownership % is shown only when it is directly reported or safely comparable across share classes.
Methodology: rows are grouped by holder and ranked by the holder's primary source value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.
| Holder | Source | Role / Reporting | Ownership % | Shares | Holdings Value | 12M Net Δ | As of | Details |
|---|---|---|---|---|---|---|---|---|
| Capital World Investors |
13D/G
13F
|
Company |
12%
|
36,368,156
|
$7,169,981,955 | -$986,259,436 | 31 Dec 2025 | |
| VANGUARD GROUP INC |
13F
|
Company |
10%
|
32,407,646
|
$6,389,167,409 | — | 31 Dec 2025 | |
| Matthew Prince |
13D/G
3/4/5
|
CEO & Board Co-Chair, Director, 10%+ Owner |
7.7%
|
26,338,507
|
$5,192,636,655 | $0 | 31 Dec 2025 | |
| BlackRock, Inc. |
13F
|
Company |
7.1%
|
22,653,454
|
$4,466,128,440 | — | 31 Dec 2025 | |
| MORGAN STANLEY |
13F
13D/G
|
Company |
5.3%
from 13D/G
|
18,009,245
|
$3,550,523,235 | — | 31 Dec 2025 | |
| VANGUARD CAPITAL MANAGEMENT LLC |
13D/G
|
Vanguard Capital Management |
5.2%
|
16,492,428
|
$3,403,047,594 | $0 | 31 Mar 2026 | |
| VANGUARD PORTFOLIO MANAGEMENT LLC |
13D/G
|
Vanguard Portfolio Management |
5.1%
|
16,122,179
|
$3,326,650,415 | $0 | 31 Mar 2026 | |
| BAILLIE GIFFORD & CO |
13D/G
13F
|
Company |
5.3%
|
16,823,947
|
$3,316,841,151 | -$990,637,940 | 31 Dec 2025 | |
| JPMORGAN CHASE & CO |
13F
|
Company |
4.3%
|
13,607,106
|
$2,682,641,472 | — | 31 Dec 2025 | |
| FMR LLC |
13F
|
Company |
4%
|
12,750,499
|
$2,513,760,757 | — | 31 Dec 2025 | |
| STATE STREET CORP |
13F
|
Company |
2.2%
|
6,988,989
|
$1,377,879,181 | — | 31 Dec 2025 | |
| GEODE CAPITAL MANAGEMENT, LLC |
13F
|
Company |
1.9%
|
6,018,175
|
$1,184,043,818 | — | 31 Dec 2025 | |
| FIRST TRUST ADVISORS LP |
13F
|
Company |
1.3%
|
4,019,157
|
$792,376,804 | — | 31 Dec 2025 | |
| SANDS CAPITAL MANAGEMENT, LLC |
13F
|
Company |
1.2%
|
3,731,287
|
$735,623,232 | — | 31 Dec 2025 | |
| Invesco Ltd. |
13F
|
Company |
1.2%
|
3,700,696
|
$729,592,228 | — | 31 Dec 2025 | |
| NORGES BANK |
13F
|
Company |
1.1%
|
3,643,501
|
$718,316,222 | — | 31 Dec 2025 | |
| FRANKLIN RESOURCES INC |
13F
|
Company |
1.1%
|
3,575,711
|
$704,951,412 | — | 31 Dec 2025 | |
| AMERICAN CENTURY COMPANIES INC |
13F
|
Company |
1%
|
3,174,409
|
$625,834,734 | — | 31 Dec 2025 | |
| Legal & General Group Plc |
13F
|
Company |
0.89%
|
2,824,772
|
$556,903,799 | — | 31 Dec 2025 | |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC |
13F
|
Company |
0.78%
|
2,463,842
|
$485,746,450 | — | 31 Dec 2025 | |
| TWO SIGMA ADVISERS, LP |
13F
|
Company |
0.74%
|
2,340,000
|
$461,331,000 | — | 31 Dec 2025 | |
| GOLDMAN SACHS GROUP INC |
13F
|
Company |
0.73%
|
2,334,059
|
$460,159,783 | — | 31 Dec 2025 | |
| VOYA INVESTMENT MANAGEMENT LLC |
13F
|
Company |
0.72%
|
2,294,562
|
$452,125,478 | — | 31 Dec 2025 | |
| BANK OF AMERICA CORP /DE/ |
13F
|
Company |
0.72%
|
2,285,370
|
$450,560,669 | — | 31 Dec 2025 | |
| NORTHERN TRUST CORP |
13F
|
Company |
0.62%
|
1,971,595
|
$388,699,954 | — | 31 Dec 2025 | |
| JENNISON ASSOCIATES LLC |
13F
|
Company |
0.59%
|
1,863,612
|
$367,411,096 | — | 31 Dec 2025 | |
| GILDER GAGNON HOWE & CO LLC |
13F
|
Company |
0.55%
|
1,754,461
|
$345,891,953 | — | 31 Dec 2025 | |
| ROYAL BANK OF CANADA |
13F
|
Company |
0.54%
|
1,713,666
|
$337,849,000 | — | 31 Dec 2025 | |
| WELLINGTON MANAGEMENT GROUP LLP |
13F
|
Company |
0.54%
|
1,707,014
|
$336,537,810 | — | 31 Dec 2025 | |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ |
13F
|
Company |
0.52%
|
1,639,661
|
$323,259,167 | — | 31 Dec 2025 | |
| DEUTSCHE BANK AG\ |
13F
|
Company |
0.5%
|
1,588,591
|
$313,190,716 | — | 31 Dec 2025 | |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC |
13F
|
Company |
0.48%
|
1,531,220
|
$301,880,039 | — | 31 Dec 2025 | |
| Squarepoint Ops LLC |
13F
|
Company |
0.48%
|
1,526,578
|
$300,964,853 | — | 31 Dec 2025 | |
| Amundi |
13F
|
Individual |
0.42%
|
1,331,452
|
$262,495,762 | — | 31 Dec 2025 | |
| TWO SIGMA INVESTMENTS, LP |
13F
|
Company |
0.4%
|
1,257,598
|
$247,935,446 | — | 31 Dec 2025 | |
| Pictet Asset Management Holding SA |
13F
|
Company |
0.37%
|
1,175,479
|
$231,837,616 | — | 31 Dec 2025 | |
| 1832 Asset Management L.P. |
13F
|
Company |
0.36%
|
1,147,900
|
$226,308,485 | — | 31 Dec 2025 | |
| Sumitomo Mitsui Trust Group, Inc. |
13F
|
Company |
0.35%
|
1,125,602
|
$221,912,434 | — | 31 Dec 2025 | |
| Carl Ledbetter |
3/4/5
|
Director |
0.29%
|
927,672
|
$220,274,218 | -$36,915,396 | 05 May 2026 | |
| Bank of New York Mellon Corp |
13F
|
Company |
0.33%
|
1,057,265
|
$208,439,730 | — | 31 Dec 2025 | |
| Strategy Capital LLC |
13F
|
Company |
0.33%
|
1,042,099
|
$205,449,818 | — | 31 Dec 2025 | |
| RAYMOND JAMES FINANCIAL INC |
13F
|
Company |
0.32%
|
1,030,550
|
$204,850,173 | — | 31 Dec 2025 | |
| PRICE T ROWE ASSOCIATES INC /MD/ |
13F
|
Company |
0.33%
|
1,034,680
|
$203,989,000 | — | 31 Dec 2025 | |
| National Pension Service |
13F
|
Company |
0.3%
|
948,003
|
$186,898,791 | — | 31 Dec 2025 | |
| KBC Group NV |
13F
|
Company |
0.29%
|
936,921
|
$184,713,000 | — | 31 Dec 2025 | |
| Polar Capital Holdings Plc |
13F
|
Company |
0.29%
|
930,366
|
$183,421,657 | — | 31 Dec 2025 | |
| LORD, ABBETT & CO. LLC |
13F
|
Company |
0.29%
|
920,597
|
$181,496,000 | — | 31 Dec 2025 | |
| UBS Group AG |
13F
|
Company |
0.28%
|
882,907
|
$174,065,114 | — | 31 Dec 2025 | |
| Swiss National Bank |
13F
|
Company |
0.27%
|
857,400
|
$169,036,410 | — | 31 Dec 2025 | |
| Michelle Zatlyn |
3/4/5
|
President and Board Co-Chair, Director |
—
mixed-class rows
|
2,263,181
mixed-class rows
|
$166,913,831 | -$184,309,961 | 20 Apr 2026 |
Recent Insider Transactions by Companies or Individuals for Cloudflare, Inc.
Showing up to 300 most recent insider transactions from the last 12 months.
| Insider | Symbol | Class | Transaction | % | Value $ | * Price $ | Shares | Shares Owned | Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|---|
| Carl Ledbetter | NET | Class A Common Stock | Sale | -1.63% | $3,571,797 | $238.12 | -15,000 | 908,073 | 05 May 2026 | See footnote |
| John Graham-Cumming | NET | Class A Common Stock | Sale | -0.51% | $558,382 | $221.58 | -2,520 | 494,067 | 04 May 2026 | Direct |
| John Graham-Cumming | NET | Class A Common Stock | Options Exercise | 0.51% | 2,520 | 496,587 | 04 May 2026 | Direct | ||
| John Graham-Cumming | NET | Stock Option (right to buy) | Options Exercise | -25% | -2,520 | 7,560 | 04 May 2026 | Direct | ||
| Carl Ledbetter | NET | Class A Common Stock | Sale | -0.54% | $1,081,049 | $215.82 | -5,009 | 923,073 | 01 May 2026 | See footnote |
| Mark J. Hawkins | NET | Class A Common Stock | Sale | -1.29% | $28,145 | $211.62 | -133 | 10,189 | 01 May 2026 | Direct |
| Alissa Michelle Starzak | NET | Class A Common Stock | Award | 97.4% | 63,305 | 128,302 | 29 Apr 2026 | Direct | ||
| Carl Ledbetter | NET | Class A Common Stock | Sale | -1.07% | $2,156,573 | $215.85 | -9,991 | 928,082 | 28 Apr 2026 | See footnote |
| Michelle Zatlyn | NET | Class A Common Stock | Sale | -42.6% | $5,362,854 | $209.15 | -25,641 | 34,514 | 22 Apr 2026 | See footnote |
| Michelle Zatlyn | NET | Class A Common Stock | Conversion of derivative security | 74.3% | 25,641 | 60,155 | 22 Apr 2026 | See footnote | ||
| Michelle Zatlyn | NET | Class B Common Stock | Conversion of derivative security | -100% | -25,641 | 0 | 22 Apr 2026 | Direct | ||
| Michelle Zatlyn | NET | Class B Common Stock | Options Exercise | 25,641 | 25,641 | 22 Apr 2026 | Direct | |||
| Michelle Zatlyn | NET | Employee Stock Option (right to buy) | Options Exercise | -1.75% | -25,641 | 1,441,018 | 22 Apr 2026 | Direct | ||
| Michelle Zatlyn | NET | Class A Common Stock | Sale | -42.6% | $5,284,562 | $206.10 | -25,641 | 34,514 | 21 Apr 2026 | See footnote |
| Michelle Zatlyn | NET | Class A Common Stock | Conversion of derivative security | 74.3% | 25,641 | 60,155 | 21 Apr 2026 | See footnote | ||
| Michelle Zatlyn | NET | Class B Common Stock | Conversion of derivative security | -100% | -25,641 | 0 | 21 Apr 2026 | Direct | ||
| Michelle Zatlyn | NET | Class B Common Stock | Options Exercise | 25,641 | 25,641 | 21 Apr 2026 | Direct | |||
| Michelle Zatlyn | NET | Employee Stock Option (right to buy) | Options Exercise | -1.72% | -25,641 | 1,466,659 | 21 Apr 2026 | Direct | ||
| Michelle Zatlyn | NET | Class A Common Stock | Sale | -42.6% | $5,112,050 | $199.37 | -25,641 | 34,514 | 20 Apr 2026 | See footnote |
| Michelle Zatlyn | NET | Class A Common Stock | Conversion of derivative security | 74.3% | 25,641 | 60,155 | 20 Apr 2026 | See footnote | ||
| Michelle Zatlyn | NET | Class B Common Stock | Conversion of derivative security | -100% | -25,641 | 0 | 20 Apr 2026 | Direct | ||
| Michelle Zatlyn | NET | Class B Common Stock | Options Exercise | 25,641 | 25,641 | 20 Apr 2026 | Direct | |||
| Michelle Zatlyn | NET | Employee Stock Option (right to buy) | Options Exercise | -1.69% | -25,641 | 1,492,300 | 20 Apr 2026 | Direct | ||
| Thomas J. Seifert | NET | Class A Common Stock | Sale | -4.32% | $1,979,757 | $197.98 | -10,000 | 221,681 | 17 Apr 2026 | Direct |
| Thomas J. Seifert | NET | Class A Common Stock | Conversion of derivative security | 4.51% | 10,000 | 231,681 | 17 Apr 2026 | Direct | ||
| Thomas J. Seifert | NET | Class B Common Stock | Conversion of derivative security | -52.8% | -10,000 | 8,925 | 17 Apr 2026 | Direct | ||
| Thomas J. Seifert | NET | Class B Common Stock | Options Exercise | 112% | 10,000 | 18,925 | 17 Apr 2026 | Direct | ||
| Thomas J. Seifert | NET | Employee Stock Option (right to buy) | Options Exercise | -16.7% | -10,000 | 50,000 | 17 Apr 2026 | Direct | ||
| Thomas J. Seifert | NET | Class A Common Stock | Tax liability | -1.31% | -2,944 | 221,681 | 15 Apr 2026 | Direct | ||
| Matthew Prince | NET | Class A Common Stock | Sale | -100% | $147,367 | $223.62 | -659 | 0 | 08 Apr 2026 | See footnote |
| Matthew Prince | NET | Class A Common Stock | Sale | -98.7% | $11,048,132 | $213.59 | -51,725 | 659 | 08 Apr 2026 | See footnote |
| Matthew Prince | NET | Class A Common Stock | Conversion of derivative security | 52,384 | 52,384 | 08 Apr 2026 | See footnote | |||
| Matthew Prince | NET | Class B Common Stock | Conversion of derivative security | -1.13% | -52,384 | 4,584,921 | 08 Apr 2026 | See footnote | ||
| Matthew Prince | NET | Class A Common Stock | Sale | -100% | $11,117,736 | $212.24 | -52,384 | 0 | 07 Apr 2026 | See footnote |
| Matthew Prince | NET | Class A Common Stock | Conversion of derivative security | 52,384 | 52,384 | 07 Apr 2026 | See footnote | |||
| Matthew Prince | NET | Class B Common Stock | Conversion of derivative security | -1.12% | -52,384 | 4,637,305 | 07 Apr 2026 | See footnote | ||
| Matthew Prince | NET | Class A Common Stock | Sale | -100% | $11,001,901 | $210.02 | -52,384 | 0 | 06 Apr 2026 | See footnote |
| Matthew Prince | NET | Class A Common Stock | Conversion of derivative security | 52,384 | 52,384 | 06 Apr 2026 | See footnote | |||
| Matthew Prince | NET | Class B Common Stock | Conversion of derivative security | -1.1% | -52,384 | 4,689,689 | 06 Apr 2026 | See footnote | ||
| Mark J. Hawkins | NET | Class A Common Stock | Sale | -1.27% | $27,877 | $209.60 | -133 | 10,322 | 01 Apr 2026 | Direct |
| John Graham-Cumming | NET | Class A Common Stock | Sale | -0.73% | $737,203 | $202.31 | -3,644 | 494,067 | 27 Mar 2026 | Direct |
| John Graham-Cumming | NET | Class A Common Stock | Options Exercise | 0.51% | 2,520 | 497,711 | 27 Mar 2026 | Direct | ||
| John Graham-Cumming | NET | Stock Option (right to buy) | Options Exercise | -20% | -2,520 | 10,080 | 27 Mar 2026 | Direct | ||
| Carl Ledbetter | NET | Class A Common Stock | Sale | -1.57% | $3,405,750 | $227.05 | -15,000 | 938,073 | 18 Mar 2026 | See footnote |
| Matthew Prince | NET | Class A Common Stock | Sale | -100% | $3,102,156 | $227.80 | -13,618 | 0 | 18 Mar 2026 | See footnote |
| Matthew Prince | NET | Class A Common Stock | Sale | -74% | $8,484,709 | $218.87 | -38,766 | 13,618 | 18 Mar 2026 | See footnote |
| Matthew Prince | NET | Class A Common Stock | Conversion of derivative security | 52,384 | 52,384 | 18 Mar 2026 | See footnote | |||
| Matthew Prince | NET | Class B Common Stock | Conversion of derivative security | -1.09% | -52,384 | 4,742,073 | 18 Mar 2026 | See footnote | ||
| Matthew Prince | NET | Class A Common Stock | Sale | -100% | $11,118,544 | $212.25 | -52,384 | 0 | 17 Mar 2026 | See footnote |
| Matthew Prince | NET | Class A Common Stock | Conversion of derivative security | 52,384 | 52,384 | 17 Mar 2026 | See footnote |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.