Kramer Douglas James 4
4 · Cloudflare, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Cloudflare (NET) CLO Douglas Kramer Withholds 12,452 Shares for Taxes
What Happened
Douglas James Kramer, Chief Legal Officer of Cloudflare, had 12,452 restricted stock unit (RSU) shares withheld to satisfy his tax liability in connection with RSU vesting. The shares were valued at $195.85 each, for a total of approximately $2,438,724. This was a withholding to cover taxes (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-15; Price per share: $195.85; Total value: ~$2,438,724.
- Shares disposed/withheld: 12,452 (for tax withholding on vested RSUs).
- Shares owned after the transaction: Not specified in the provided filing.
- Footnote: F1 — shares were withheld to satisfy the reporting person's tax liability related to RSU vesting.
- Filing date: 2026-02-18 — the Form 4 was filed within the typical two-business-day window (timely).
Context
Withholding shares to cover taxes is a common, administrative action after RSUs vest and does not necessarily indicate a view on the company's stock — it’s different from an open-market sale. For retail investors, purchases or open-market insider buys typically carry more signal than routine tax withholdings.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-02-15$195.85/sh−12,452$2,438,724→ 88,649 total
Footnotes (1)
- [F1]The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.