Ledbetter Carl 4
4 · Cloudflare, Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Cloudflare (NET) Director Carl Ledbetter Sells 5,009 Shares
What Happened Carl Ledbetter, a director of Cloudflare (NET), sold 5,009 shares on May 1, 2026. The shares were disposed for a total of approximately $1,081,049 at a weighted average price of $215.82 per share (prices ranged $215.66–$216.17). This was a sale (not a purchase) and was effected under a pre-established Rule 10b5‑1 trading plan.
Key Details
- Transaction date: 2026-05-01; filing date: 2026-05-04 (filed within the SEC’s two-business-day window).
- Price: weighted average $215.82; individual trade prices ranged $215.66 to $216.17.
- Total proceeds: ~$1,081,049.
- Shares owned after transaction: not disclosed in the provided filing summary.
- Footnotes: (F1) Sale executed pursuant to a 10b5‑1 plan adopted Feb 14, 2025; (F2) weighted-average price and range provided, with offer to supply per-price breakdown on request; (F3) shares are held of record by the Carl S. Ledbetter Trust (dated Feb 14, 2020), for which he is trustee.
Context Sales under 10b5‑1 plans are typically pre-scheduled and considered routine insider liquidity rather than an immediate signal of changed sentiment. For retail investors, purchases generally carry more interpretive weight than routine sales; this filing is a disclosure of a planned sale from trust-held shares.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-05-01$215.82/sh−5,009$1,081,049→ 923,073 total(indirect: See footnote)
- 19,599
Class A Common Stock
Footnotes (3)
- [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 $215.66 to $216.17, 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.
- [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.