Ledbetter Carl 4
4 · Cloudflare, Inc. · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Cloudflare (NET) Director Carl Ledbetter Sells 5,000 Shares
What Happened
- Carl Ledbetter, a director of Cloudflare, sold 5,000 shares on July 7, 2026 in an open-market transaction. The weighted-average price was $268.11, with individual trades ranging $268.09–$268.18, for total proceeds of approximately $1,340,547. This was a sale (not a purchase or option exercise).
Key Details
- Transaction date: 2026-07-07; Form 4 filed: 2026-07-08 (timely).
- Price: weighted average $268.11; per-share range $268.09–$268.18 (report offers to disclose per-price quantities on request).
- Shares sold: 5,000; total proceeds ≈ $1,340,547.
- Shares owned after the transaction: not specified in the provided filing summary.
- Footnotes: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted Feb 25, 2026 (pre-arranged plan). Shares were held of record by the Carl S. Ledbetter Trust dated Feb 14, 2020, for which he is trustee.
- Filing timeliness: No late filing indicated.
Context
- Because the sale was executed under a 10b5-1 plan, it was pre-arranged and generally viewed as a routine, planned disposition rather than an opportunistic trade based on inside information. Sales by non-employee directors are common and do not by themselves indicate a change in company outlook.
Insider Transaction Report
Form 4
Ledbetter Carl
Director
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-07-07$268.11/sh−5,000$1,340,547→ 888,073 total(indirect: See footnote)
Holdings
- 20,441
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 25, 2026.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.09 to $268.18, 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.
- [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.
Signature
/s/ Charlotte Bowe, by power of attorney|2026-07-08