Cloudflare, Inc. 4

Matthew Prince, CEO & Board Co‑Chair of Cloudflare, Inc., converted 52,384 Class B shares into Class A and sold all 52,384 Class A shares on June 24, 2026 for roughly $11.8 million under a Rule 10b5‑1 plan.

On June 24, 2026, Cloudflare, Inc. CEO & Board Co‑Chair Matthew Prince converted 52,384 shares of Class B Common Stock into Class A Common Stock and, on the same day, sold an aggregate 52,384 Class A shares in a series of Rule 10b5‑1 trading plan transactions at weighted average prices ranging from approximately $221.46 to $228.14 per share, leaving no directly held Class A shares in that reported account while retaining substantial indirect holdings through various trusts. The conversion from Class B to Class A was non‑value changing in economic terms (1:1) but facilitated liquidity for the subsequent sales, which totaled roughly $11.7–$11.9 million in proceeds, while Prince continues to hold multi‑million‑share indirect positions in Cloudflare via revocable, irrevocable, and grantor retained annuity trusts, as well as a large block of Class B shares that remain convertible into Class A. Overall, this filing represents a sizable pre‑planned liquidity event rather than a reduction of Prince’s core economic exposure to Cloudflare.

Filing Facts

CIK

1477333

Ticker

NET

Form

4

Source Type

sec

Accession

0001786925-26-000025

Alert Tier

7