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Cloudflare, Inc.

▼ SELL 10b5-1 Plan

$ Value

$1.8M

Shares

10,100

Price

$173

Filed

Jun 6

Insider

Name

Zatlyn Michelle

Title

President and Board Co-Chair

CIK

0001786951

Roles

Director Officer

Transaction Details

Transaction Date

2025-06-04

Code

S

Table

Non-Derivative

Ownership

Indirect

Equity Swap

No

Shares After

10,467

Footnotes

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. | 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"). | 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. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $171.78 to $172.76, 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 (12) to this Form 4. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.785 to $173.77, inclusive. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.79 to $174.04, inclusive. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.785 to $171.78, inclusive. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $171.79 to $171.97, inclusive. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.38 to $177.35, inclusive. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.39 to $178.38, inclusive. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.4775 to $179.23, inclusive. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.62 to $180.505, inclusive. | 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 (the "the SZ 2021 Irrevocable Trust"). | Shares subject to the option are fully vested and immediately exercisable. | 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 directly by the Revocable Trust. | Includes 336,605 shares previously reported as held directly by The Sutherland/Zatlyn 2023 Annuity Trust dated May 24, 2023, for which the reporting person serves as co-trustee (the "2023 Annuity Trust") and 267,495 shares previously reported as held directly by The Sutherland/Zatlyn 2024 Annuity Trust dated May 29, 2024, for which the reporting person serves as co-trustee (the "2024 Annuity Trust"), which were re-registered on May 29, 2025 and are now held of record by the Revocable Trust. | Excludes 1,000,000 shares previously reported as held directly by the Revocable Trust which were re-registered on May 29, 2025 and are now held of record by The Sutherland/Zatlyn 2025 Annuity Trust dated May 23, 2025, for which the reporting person serves as trustee (the "2025 Annuity Trust"). | Includes 611,570 shares previously reported as held directly by the 2023 Annuity Trust which were re-registered on May 29, 2025 and are now held directly by the SZ 2021 Irrevocable Trust. | 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. | Excludes 336,605 shares previously reported as held directly by the 2023 Annuity Trust which were re-registered on May 29, 2025 and are now held directly by the Revocable Trust and 611,570 shares previously reported as held directly by the 2023 Annuity Trust which were re-registered on May 29, 2025 and are now held directly by the SZ 2021 Irrevocable Trust. | The shares are held of record by the 2023 Annuity Trust. | The shares are held of record by The Sutherland/Zatlyn 2023 Annuity Trust II dated August 29, 2023, for which the reporting person serves as co-trustee. | Excludes 267,495 shares previously reported as held directly by the 2024 Annuity Trust which were re-registered on May 29, 2025 and are now held directly by the Revocable Trust. | The shares are held of record by the 2024 Annuity Trust. | 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. | 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. | Consists of 1,000,000 shares previously reported as held directly by the Revocable Trust which were re-registered on May 29, 2025 and are now held directly by the 2025 Annuity Trust. | The shares are held of record by the 2025 Annuity Trust.

Filing Info

Accession No.

0001104659-25-057466

Form Type

4

Issuer CIK

0001477333

Zatlyn Michelle's History

Date Ticker Type Value
2026-04-22 NET C
2026-04-22 NET $1.3M
2026-04-22 NET $1.8M
2026-04-22 NET $1.4M
2026-04-22 NET $626K
2026-04-22 NET $302K
2026-04-22 NET M $0
2026-04-22 NET M $0
2026-04-22 NET C $0
2026-04-21 NET C

Other Insiders at NET (90d)

Insider Bought Sold Last
Ledbetter Carl $6.6M 2026-03-18
Hawkins Mark J $74K 2026-04-01
SEIFERT THOMAS J
Chief Financial Officer
$11.9M 2026-04-17
Prince Matthew
CEO & Board Co-Chair
$93.5M 2026-04-08
Zatlyn Michelle
President and Board Co-Chair
$45.6M 2026-04-22
Kramer Douglas James
CHIEF LEGAL OFFICER
$529K 2026-02-02
Kramer Douglas James
Chief Legal Officer
2026-02-15
Riley Janel
CHIEF ACCOUNTING OFFICER
$749K 2026-03-03
Riley Janel
Chief Accounting Officer
$4.4M 2026-03-05
Graham-Cumming John $1.6M 2026-03-27