Cloudflare Director Carl Ledbetter Sells $1.77M in Stock Under 10b5-1 Plan
Cloudflare, Inc.
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Filing Summary
Cloudflare, Inc. ($NET) Form 4 Filing Insider: Carl Ledbetter (Director) Action: Sold 5,000 shares of Class A Common Stock at an average price of $353.15 Total Value: $1,765,750.50 Filing Date: 2026-09-23 Plan: Rule 10b5-1 pre-scheduled plan (adopted Feb 25, 2026) Post-Transaction Holdings: 873,073 indirect shares (plus 20,441 direct shares)
Comprehensive Analysis
Executive Summary
On September 23, 2026, Cloudflare, Inc. (NYSE: NET) director Carl Ledbetter reported the sale of 5,000 shares of Class A Common Stock executed on September 22, 2026. The transaction generated approximately $1.77 million at a volume-weighted average price of $353.1501 per share.
Transaction Details
- Security: Class A Common Stock
- Shares Sold: 5,000
- Average Price: $353.1501 (Price range: $353.00 to $353.60)
- Gross Proceeds: $1,765,750.50
- Ownership: Indirectly held via the Carl S. Ledbetter Trust dated February 14, 2020
- Pre-Arranged Trading Plan: The transaction was executed under a Rule 10b5-1 trading plan established on February 25, 2026.
Holdings & Market Context
Following this transaction, Carl Ledbetter continues to hold 873,073 shares indirectly via his trust, in addition to 20,441 shares owned directly. The 5,000 shares sold represent less than 1% of his combined holdings in Cloudflare, indicating minimal change in overall alignment and routine portfolio management under a pre-established plan.
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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.
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