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Cloudflare Director Carl Ledbetter Sells $1.56M in Class A Stock Under Rule 10b5-1 Plan
Cloudflare, Inc.
$NET4CIK: 0001477333
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Filing Summary
šØ INSIDER TRANSACTION ALERT - CLOUDFLARE, INC. ($NET)
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š¤ Insider: Carl Ledbetter
š¼ Role: Director
š
Date: 2026-09-14
š Type: Open Market Sale (Rule 10b5-1 Plan)
š Transaction Summary:
ā¢ Shares Sold: 5,000
ā¢ Avg Price: $312.22
ā¢ Total Value: $1,561,079.53
ā¢ Remaining: 878,073 indirect (plus 20,441 direct)
š Notes: Executed under a pre-established 10b5-1 plan adopted Feb 25, 2026.
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Comprehensive Analysis
Insider Trading Analysis: Cloudflare, Inc. ($NET)
Executive Summary
On September 14, 2026, Carl Ledbetter, a Director at Cloudflare, Inc., executed open-market sales totaling 5,000 shares of Class A Common Stock for an aggregate amount of $1,561,079.53 (weighted average price of ~$312.22 per share).
Transaction Details
- Date of Transaction: September 14, 2026
- Filing Date: September 15, 2026
- Security: Class A Common Stock
- Tranche Breakdown:
- 960 shares at weighted avg price of $309.5067 ($309.26 ā $310.11)
- 440 shares at weighted avg price of $310.5405 ($310.50 ā $310.59)
- 2,400 shares at weighted avg price of $312.8599 ($312.30 ā $313.29)
- 1,200 shares at weighted avg price of $313.7096 ($313.475 ā $313.865)
- Ownership Structure: Indirectly held via the Carl S. Ledbetter Trust dated February 14, 2020.
- Remaining Holdings:
- Indirect: 878,073 shares
- Direct: 20,441 shares
- Combined: 898,514 shares
Key Takeaways & Significance
- Trading Plan: The transactions were conducted under a pre-scheduled Rule 10b5-1 trading plan established on February 25, 2026, mitigating concerns regarding opportunistic timing or non-public information usage.
- Position Impact: The sale represents less than 0.6% of Ledbetter's combined holdings, indicating minimal reduction in overall skin-in-the-game.
- Significance Level: Low, reflecting standard, planned portfolio diversification.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.