Cloudflare Officer Thomas Seifert Files Form 144 to Sell $3.7M in Stock Under 10b5-1 Plan
Cloudflare, Inc.
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Filing Summary
Proposed sale of 12,500 shares of Cloudflare, Inc. ($NET) valued at ~$3.70M by Officer Thomas Seifert, executed under a Rule 10b5-1 trading plan.
Comprehensive Analysis
Form 144 Analysis: Cloudflare, Inc. (NYSE: NET)
Insider: Thomas Seifert (Officer)
Filing Date: October 19, 2026
Proposed Transaction Date: October 19, 2026
Transaction Summary
- Securities to be Sold: 12,500 shares of Common Stock
- Estimated Aggregate Market Value: $3,703,750.00 (~$296.30 per share)
- Broker: Morgan Stanley Smith Barney LLC
- Acquisition Source: Stock Option Exercise from Issuer for cash on October 19, 2026
Trading Plan & Recent History
- Rule 10b5-1 Plan: The proposed sale is executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on November 20, 2025.
- Sales in Past 3 Months:
- September 17, 2026: 10,000 shares for $3,324,617.00
- August 17, 2026: 10,000 shares for $3,073,176.00
- August 4, 2026: 55,000 shares for $16,516,285.50
Market Impact & Significance
Trading significance is rated as Low. The transaction represents a routine stock option exercise and pre-planned disposition under an established Rule 10b5-1 trading plan adopted nearly a year prior. It represents a tiny fraction of the company's 322.6 million 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.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.