Cloudflare, Inc. (NET) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-08-03 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: Cloudflare, Inc. (NET) CIK: 0001477333 --- Reporting Owner --- Name: Prince Matthew CIK: 0001786925 Role: Director, Officer (CEO & Board Co-Chair), 10%+ Owner --- Non-Derivative Transactions --- [Transaction #1] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -2,352 | Price: $291.57 Total Value: $685,761.59 Shares Owned After: 31,279 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F2] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.07 to $292.06, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #2] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -720 | Price: $292.74 Total Value: $210,770.57 Shares Owned After: 30,559 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F4] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.26 to $293.2525, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4) through (14) to this Form 4. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #3] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -1,009 | Price: $293.64 Total Value: $296,284.27 Shares Owned After: 29,550 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F5] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.2675 to $294.2025, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #4] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -7,578 | Price: $295.05 Total Value: $2,235,889.66 Shares Owned After: 21,972 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F6] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.37 to $295.37, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #5] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -9,998 | Price: $295.76 Total Value: $2,956,964.49 Shares Owned After: 11,974 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F7] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.375 to $296.37, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #6] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -4,798 | Price: $296.83 Total Value: $1,424,189.86 Shares Owned After: 7,176 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F8] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.38 to $297.37, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #7] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -2,865 | Price: $297.81 Total Value: $853,233.39 Shares Owned After: 4,311 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F9] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.39 to $298.39, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #8] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -1,474 | Price: $298.87 Total Value: $440,539.98 Shares Owned After: 2,837 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F10] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.41 to $299.4025, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #9] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -1,174 | Price: $299.94 Total Value: $352,132.61 Shares Owned After: 1,663 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F11] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $299.53 to $300.495, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #10] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -432 | Price: $301.14 Total Value: $130,093.39 Shares Owned After: 1,231 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F12] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.54 to $301.54, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #11] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -645 | Price: $302.20 Total Value: $194,919.06 Shares Owned After: 586 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F13] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.60 to $302.575, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. [Transaction #12] Security: Class A Common Stock Date: 2026-08-05 | Code: S (Open market sale) Shares: -586 | Price: $302.86 Total Value: $177,475.61 Shares Owned After: 0 | Ownership: I (Indirect) | Nature: See footnote Footnotes: [F1] The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. [F14] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.6075 to $303.19, inclusive. [F3] The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. --- Holdings --- [Holding #1] Security: Class A Common Stock Ownership: D (Direct) --- Footnotes (Complete Index) --- F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026. F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.41 to $299.4025, inclusive. F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $299.53 to $300.495, inclusive. F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.54 to $301.54, inclusive. F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.60 to $302.575, inclusive. F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.6075 to $303.19, inclusive. F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.07 to $292.06, inclusive. F3: The shares are held of record by The Prince 2021 Remainder Trust dated September 23, 2021, for which the reporting person serves as an investment advisor. F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.26 to $293.2525, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4) through (14) to this Form 4. F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.2675 to $294.2025, inclusive. F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.37 to $295.37, inclusive. F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.375 to $296.37, inclusive. F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.38 to $297.37, inclusive. F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.39 to $298.39, inclusive. --- Signature --- /s/ /s/ Charlotte Bowe, by power of attorney (2026-08-05)