4Filing Date: Feb 18, 2026
Cloudflare (NET) 4: Zatlyn Michelle sold 20,100 shares of Class A Common Stock… (Feb 18, 2026)
Statement of Changes in Beneficial Ownership
View SEC Filing
ACC: 0001786951-26-000004
Total Value$3.94M
Trades2
Insiders1
Transaction Details
Zatlyn Michelle
President and Board Co-Chair, Director·Direct
Tax W/H · Dispose
Class A Common Stock
Shares-20.10K
Price$195.85
Total Value$3.94M
Shares Owned After406.81K
Transaction DateFeb 15, 2026
Footnotes ▸
The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of performance-based restricted stock units ("PSUs") or restricted stock units ("RSUs"), as applicable. | The 19,398 shares issuable upon vesting and settlement of the PSUs and RSUs were re-registered and are now held directly by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").
Zatlyn Michelle
President and Board Co-Chair, Director·Indirect · See footnote
Class A Common Stock
Shares0
Price-
Total Value$0
Shares Owned After43.95K
Footnotes ▸
The shares are held of record by the Revocable Trust.
Post-Transaction Holdings
Zatlyn Michelle · President and Board Co-Chair, Director
| Security | Shares | Change |
|---|---|---|
| Class A Common Stock | 450.76K | -20.10K (-4.27%) |
Original SEC Filing Textexpand_more
=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-02-15
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Cloudflare, Inc. (NET)
CIK: 0001477333
--- Reporting Owner ---
Name: Zatlyn Michelle
CIK: 0001786951
Role: Director, Officer (President and Board Co-Chair)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A Common Stock
Date: 2026-02-15 | Code: F (Payment of exercise/tax)
Shares: -20,100 | Price: $195.85
Total Value: $3,936,585.00
Shares Owned After: 406,811 | Ownership: D (Direct)
Footnotes:
[F1] The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of performance-based restricted stock units ("PSUs") or restricted stock units ("RSUs"), as applicable.
[F2] The 19,398 shares issuable upon vesting and settlement of the PSUs and RSUs were re-registered and are now held directly by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").
--- Holdings ---
[Holding #1]
Security: Class A Common Stock
Ownership: I (Indirect)
Footnotes:
[F3] The shares are held of record by the Revocable Trust.
[Holding #2]
Security: Class A Common Stock
Ownership: I (Indirect)
Footnotes:
[F4] The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.
--- Footnotes (Complete Index) ---
F1: The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of performance-based restricted stock units ("PSUs") or restricted stock units ("RSUs"), as applicable.
F2: The 19,398 shares issuable upon vesting and settlement of the PSUs and RSUs were re-registered and are now held directly by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").
F3: The shares are held of record by the Revocable Trust.
F4: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.
--- Signature ---
/s/ /s/ Chad Skinner, by power of attorney (2026-02-18)