Prince Matthew 4

What Happened

• Matthew Prince (reported as a 10% owner) sold a total of 13,618 Cloudflare (NET) shares in open-market transactions on March 16–18, 2026, generating approximately $3,102,156 in proceeds. The sales were reported on Form 4 filed March 18, 2026 and were effected pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction breakdown:
  • 4,684 shares at a weighted avg price of $227.19 (range reported: $226.68–$227.66) — $1,064,144
  • 8,474 shares at a weighted avg price of $228.08 (range reported: $227.68–$228.65) — $1,932,769
  • 460 shares at a weighted avg price of $228.79 (range reported: $228.68–$228.90) — $105,243
• Total shares sold: 13,618; total proceeds: ~$3.10 million.
• Shares are held of record by The Matthew Prince Revocable Trust (dated Oct 29, 2015); Prince is trustee (footnote F3).
• Sales were executed under a pre-established Rule 10b5-1 trading plan adopted Feb 11, 2025 (footnote F1).
• Filing notes: this Form 4 is the second of two forms reporting transactions from March 16–18, 2026. The Form 4 was filed March 18, 2026 (no late filing indicated in the provided filing).
• Shares owned after the transactions are not specified in the excerpt provided.

Context

• Because these sales were made under a Rule 10b5-1 plan, they were likely pre-arranged and follow a schedule rather than indicating an immediate change in insider sentiment. As a reported 10% owner (not solely an executive-title disclosure here), this trade is insider activity to note but should be considered alongside other filings and company fundamentals.