Ledbetter Carl 4

4 · Cloudflare, Inc. · Filed Jun 2, 2026

AI-generated summary of this filing

Updated Jun 2, 2026

Cloudflare (NET) Director Carl Ledbetter Sells Shares

What Happened

Carl Ledbetter, a director of Cloudflare (NET), sold a total of 15,000 shares in five open‑market transactions on June 1, 2026, generating total proceeds of $3,690,929 (~$3.69M).
Breakout of the sales:
- 2,600 shares at a weighted avg. $243.94 — $634,234 (prices ranged $243.50–$244.40)
- 4,851 shares at a weighted avg. $245.44 — $1,190,615 (prices ranged $245.02–$246.01)
- 3,200 shares at a weighted avg. $246.73 — $789,532 (prices ranged $246.075–$246.935)
- 4,249 shares at a weighted avg. $247.52 — $1,051,717 (prices ranged $247.08–$248.00)
- 100 shares at $248.31 — $24,831
These were sales (not purchases); sales can be routine and do not necessarily indicate management sentiment.

Key Details

Transaction date: June 1, 2026; Form filed June 2, 2026 (timely filing).
Total shares sold: 15,000; total proceeds: $3,690,929 (~$3.69M).
Shares held after transaction: Not specified in the information provided on this summary/filing.
Notable footnotes from the Form 4:
- Sale effected under a Rule 10b5‑1 trading plan adopted by Ledbetter on Feb 14, 2025.
- The shares were held of record by the Carl S. Ledbetter Trust (dated Feb 14, 2020); Ledbetter serves as trustee.
- Reported prices are weighted averages; the filing includes price ranges for each tranche and offers to provide per‑trade detail to the issuer, shareholders, or SEC upon request.

Context

These were pre‑arranged sales under a 10b5‑1 plan, which typically schedules trades in advance and can indicate routine disposition rather than a reactive decision.
For retail investors, purchases by insiders are often considered a stronger signal than routine sales; this filing documents disposition of shares rather than an acquisition or exercise.

Form 4

Period: 2026-06-01

Director

Transactions

Sale
Class A Common Stock
[F1][F2][F3]
2026-06-01$243.94/sh−2,600$634,234→ 905,473 total(indirect: See footnote)
Sale
Class A Common Stock
[F1][F4][F3]
2026-06-01$245.44/sh−4,851$1,190,615→ 900,622 total(indirect: See footnote)
Sale
Class A Common Stock
[F1][F5][F3]
2026-06-01$246.73/sh−3,200$789,532→ 897,422 total(indirect: See footnote)
Sale
Class A Common Stock
[F1][F6][F3]
2026-06-01$247.52/sh−4,249$1,051,717→ 893,173 total(indirect: See footnote)
Sale
Class A Common Stock
[F1][F3]
2026-06-01$248.31/sh−100$24,831→ 893,073 total(indirect: See footnote)

Holdings

Footnotes (6)

[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 $243.50 to $244.40, 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 (2) and (4) through (6) to this Form 4.
[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.
[F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.02 to $246.01, inclusive.
[F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.075 to $246.935, inclusive.
[F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.08 to $248.00, inclusive.

Signature

/s/ Charlotte Bowe, by power of attorney|2026-06-02

1 file