Ledbetter Carl 4

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.