Cloudflare, Inc. 4

Cloudflare CAO Riley Janel exercised 1,667 options and sold 6,848 Class A shares under a Rule 10b5-1 plan for roughly $2.1 million, reducing her direct holdings to 41,547 shares.

On August 17, 2026, Cloudflare, Inc. Chief Accounting Officer Riley Janel exercised 1,667 performance stock options at $67.79 per share, acquiring 1,667 shares of Class A Common Stock, and on the same day and the following day, August 18, 2026, sold a total of 6,848 shares in a series of Rule 10b5-1 plan transactions at weighted average prices between approximately $302.62 and $314.42 per share. The option exercise generated shares that were at least partially used to fund or accompany the sales, which collectively amounted to roughly $2.1 million in gross proceeds. Following these transactions, Janel’s direct ownership decreased from 46,695 shares to 41,547 shares, representing an estimated post-transaction holding value of about $12.1 million based on a current market price of $291.76 per share. The filing notes that remaining option shares will continue to vest quarterly beginning November 15, 2026, suggesting the sales are part of an ongoing, pre-planned liquidity and diversification program rather than a one-off disposition.

Filing Facts

CIK

1477333

Ticker

NET

Form

4

Source Type

sec

Accession

0001979391-26-000015

Alert Tier

7