Riley Janel 4

What Happened
Riley Janel, Chief Accounting Officer of Cloudflare, had 3,151 shares withheld to satisfy tax liabilities related to the vesting of restricted stock units (RSUs). The withholding was recorded at $195.85 per share for a total value of approximately $617,123. This was a tax-withholding disposition (not an open-market sale) and is generally considered a routine administrative transaction tied to compensation.

Key Details

• Transaction date: 2026-02-15; Form 4 filed with the SEC on 2026-02-18.
• Price per share: $195.85; total value of shares withheld: ~$617,123.
• Shares owned after transaction: not disclosed in this filing.
• Footnote: Shares were withheld to satisfy the reporting person's tax liability in connection with RSU vesting (cashless tax withholding).
• Filing timeliness: Form filed Feb 18, 2026 (the filing date is shown on the report).

Context
Tax-withholding by withholding company stock upon RSU vesting is common and does not necessarily indicate an insider's view of the company's prospects. Unlike open-market purchases or sales, withheld shares simply cover withholding obligations and are less informative about insider sentiment.