Cloudflare CFO Thomas Seifert Files Form 144 to Sell $3.25M in Stock Under 10b5-1 Plan
Cloudflare, Inc.
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Filing Summary
Cloudflare ($NET) CFO Thomas Seifert has filed a Form 144 proposing the sale of 10,000 common shares valued at approximately $3.25M. The shares are being acquired via an option exercise and sold pursuant to a Rule 10b5-1 trading plan established on November 20, 2025.
Comprehensive Analysis
Executive Summary
On September 17, 2026, Cloudflare, Inc. ($NET) officer Thomas Seifert filed a notice of proposed sale of securities under Form 144. The filing covers 10,000 shares of Class A common stock with an aggregate market value of $3,246,500.00 ($324.65 per share).
Transaction Details
- Filer: Thomas Seifert (Chief Financial Officer / Officer)
- Nature of Acquisition: Exercise of Stock Options from Issuer for cash on September 17, 2026
- Broker: Morgan Stanley Smith Barney LLC
- Rule 10b5-1 Plan: Adopted on November 20, 2025
- Shares Outstanding: 322,618,775 shares (proposed sale represents ~0.003% of outstanding shares)
Historical Context (Past 3 Months Sales)
Seifert has actively conducted monthly sales under his 10b5-1 trading plan:
- August 17, 2026: 10,000 shares sold for $3,073,176.00
- August 4, 2026: 55,000 shares sold for $16,516,285.50
- July 17, 2026: 10,000 shares sold for $2,769,195.00
Market Impact & Significance
This filing carries Low trading significance. The sale is executed pursuant to a pre-scheduled Rule 10b5-1 trading plan adopted in late 2025, reflects an ongoing pattern of monthly option exercises and liquidations, and represents a negligible percentage of Cloudflare's total shares outstanding.
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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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