Cloudflare ($NET) CFO Thomas J. Seifert Disposes Shares for Tax Withholding
Cloudflare, Inc.
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Filing Summary
📋 Form 4 Filing: Cloudflare, Inc. ($NET) Insider: Thomas J. Seifert (Chief Financial Officer) Transaction: Tax Withholding (Code F) Shares: 2,944 @ $327.23 ($963,365.12) Direct Holdings After: 107,902 shares Indirect Holdings: 92,337 shares (GRAT) Significance: Low (Mandatory tax withholding on RSU vest)
Comprehensive Analysis
Transaction Overview
On September 15, 2026, Cloudflare, Inc. ($NET) Chief Financial Officer Thomas J. Seifert reported a disposition of 2,944 shares of Class A Common Stock at a price of $327.23 per share, totaling approximately $963,365.12.
Transaction Details & Intent
- Transaction Code:
F(Payment of exercise price or tax liability by delivering or withholding securities) - Nature of Transaction: Non-discretionary share withholding to cover tax liabilities associated with the vesting of Restricted Stock Units (RSUs).
- Remaining Holdings: Following this transaction, Seifert directly owns 107,902 shares of Class A Common Stock. In addition, 92,337 shares are held indirectly via the 2026 Seifert Grantor Retained Annuity Trust dated May 27, 2026.
Market Impact & Significance
- Significance Level: Low
- Assessment: Transaction Code
Ffilings are routine and mandated for tax withholding upon equity compensation vesting. They do not reflect open-market discretionary selling or negative insider sentiment regarding company performance.
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