Cloudflare, Inc. 4

Cloudflare CEO & Board Co-Chair Matthew Prince converted Class B to Class A shares and sold about 76,675 Class A shares of Cloudflare, Inc. under a Rule 10b5‑1 plan on June 22–23, 2026.

On June 22 and 23, 2026, Cloudflare, Inc. CEO & Board Co-Chair Matthew Prince converted a total of 79,218 shares of Class B Common Stock into Class A Common Stock and then sold essentially all of those newly converted shares in a series of Rule 10b5‑1 plan sales. On June 22, he converted 26,834 Class B shares into Class A and then sold 49,086 Class A shares (in multiple tranches between approximately $212.97 and $225.03 per share) that had been held indirectly through a trust, reducing that indirect Class A position from 52,384 shares to zero. On June 23, he similarly converted 52,384 Class B shares into Class A, and sold 27,589 Class A shares (in multiple tranches at weighted‑average prices between about $216.21 and $230.04 per share), again taking that indirect Class A block from 52,384 shares down to zero. These transactions are part of a pre‑arranged trading plan, and despite the sizable dollar value of the sales, Prince continues to hold multi‑million‑share indirect positions in Cloudflare through various family and grantor retained annuity trusts, with post‑transaction indirect ownership estimated at well over $1 billion in value at current prices.

Filing Facts

CIK

1477333

Ticker

NET

Form

4

Source Type

sec

Accession

0001786925-26-000023

Alert Tier

7