Cloudflare Director Carl Ledbetter Sells $1.52M in Stock Under 10b5-1 Plan

Insider Transaction Overview

On October 19, 2026, Cloudflare, Inc. director Carl Ledbetter reported the sale of 5,000 shares of Class A Common Stock through three tranches, totaling approximately $1.52 million.

Transaction Breakdown

• Tranche 1: 1,931 shares sold at a weighted average price of $303.6358 ($303.015 – $303.89).
• Tranche 2: 1,963 shares sold at a weighted average price of $304.4744 ($304.055 – $305.05).
• Tranche 3: 1,106 shares sold at a weighted average price of $305.5966 ($305.55 – $306.065).
• Aggregate Value: $1,521,993.82 across 5,000 shares (weighted average price of ~$304.40 per share).

Plan and Ownership Structure

• 10b5-1 Plan: The sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on February 25, 2026.
• Remaining Holdings: Following these transactions, the Carl S. Ledbetter Trust continues to hold 868,073 shares indirectly. In addition, the reporting person directly holds 20,441 shares, bringing total holdings to 888,514 shares.
• Impact: The 5,000 shares disposed represent less than 1% (approx. 0.56%) of total holdings, indicating routine programmatic diversification rather than a shift in sentiment.