Ledbetter Carl 4

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.