Hawkins Mark J 4

What Happened
Mark J. Hawkins, a director of Cloudflare, sold 133 shares of Cloudflare common stock in an open-market transaction on May 1, 2026. The shares were sold at $211.62 each, generating proceeds of approximately $28,145. This was a sale (not a purchase); sales by insiders are often routine and do not necessarily indicate a change in view on the company.

Key Details

• Transaction date and price: 2026-05-01 — 133 shares at $211.62 per share.
• Total value: ~ $28,145 (proceeds from the sale).
• Transaction type: Open-market sale (Code S).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: Sale was made pursuant to a Rule 10b5-1 trading plan adopted by Hawkins on May 30, 2025.
• Filing timeliness: Form was filed on 2026-05-04; given the May 1 trade date this filing appears to be timely (within the usual two-business-day Form 4 window).

Context
A Rule 10b5-1 plan allows insiders to sell or buy shares according to a pre-arranged schedule and is commonly used to avoid questions about timing; it typically indicates the transaction was pre-planned rather than a spontaneous decision. For retail investors, purchases generally carry more informational weight than routine sales, but noting director activity can still be useful as part of broader due diligence.