[Form 4] Cloudflare, Inc. Class A common stock, par value $0.001 per share Insider Trading Activity
Douglas James Kramer, Chief Legal Officer of Cloudflare, Inc. (NET), reported a sale of 13,192 shares of Class A common stock on 08/15/2025 at a reported price of $195.38 per share. The Form 4 shows 13,192 shares were disposed of to satisfy the reporting person's tax liability related to the vesting of restricted stock units (RSUs). After the transaction, the reporting person beneficially owned 144,185 shares of Class A common stock. The filing was submitted on behalf of the reporting person by Lindsey Cochran under power of attorney and signed on 08/19/2025. The Form contains no derivative transactions or additional compensatory arrangements.
Douglas James Kramer, Chief Legal Officer di Cloudflare, Inc. (NET), ha comunicato la vendita di 13.192 azioni di azioni ordinarie di Classe A in data 15/08/2025 a un prezzo dichiarato di $195,38 per azione. Il Modulo 4 indica che 13.192 azioni sono state cedute per soddisfare l'obbligo fiscale del dichiarante relativo alla maturazione di restricted stock units (RSU). Dopo la transazione, il dichiarante deteneva beneficiariamente 144.185 azioni ordinarie di Classe A. La dichiarazione 猫 stata presentata per conto del dichiarante da Lindsey Cochran con procura e firmata il 19/08/2025. Il modulo non riporta operazioni su derivati n茅 ulteriori accordi compensativi.
Douglas James Kramer, Director Jur铆dico (Chief Legal Officer) de Cloudflare, Inc. (NET), inform贸 la venta de 13.192 acciones ordinarias Clase A el 15/08/2025 a un precio declarado de $195.38 por acci贸n. El Formulario 4 muestra que 13.192 acciones se dispusieron para cubrir la obligaci贸n tributaria del informante relacionada con la consolidaci贸n (vesting) de unidades restringidas de acciones (RSU). Tras la operaci贸n, el informante pose铆a beneficiariamente 144.185 acciones ordinarias Clase A. La presentaci贸n fue realizada en nombre del informante por Lindsey Cochran mediante poder y firmada el 19/08/2025. El formulario no contiene transacciones sobre derivados ni arreglos compensatorios adicionales.
Douglas James Kramer鞚�(電�) Cloudflare, Inc. (NET)鞚� 氩曤齑濌磩(Chief Legal Officer)搿滌劀 2025-08-15鞐� 韥措灅鞀� A 氤错喌欤� 13,192欤茧ゼ 欤茧嫻 鞁犼碃臧� $195.38鞐� 毵る弰頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. Form 4鞐愲姅 鞝滍暅欤检嫕雼渼(RSU)鞚� 氩犾姢韺呹臣 甏�霠悳 鞁犼碃鞚胳潣 靹戈笀 雮╇秬 鞚橂毳� 於╈”頃橁赴 鞙勴暣 13,192欤缄皜 觳橂秳霅� 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 瓯半灅 頉� 鞁犼碃鞚胳潃 韥措灅鞀� A 氤错喌欤� 144,185欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨棃鞀惦媹雼�. 鞚� 鞝滌稖靹滊姅 鞙勳瀯鞛レ潉 韱淀暣 Lindsey Cochran鞚� 鞁犼碃鞚胳潉 雽�鞁犿晿鞐� 鞝滌稖頄堨溂氅� 2025-08-19鞐� 靹滊獏霅橃棃鞀惦媹雼�. 鞚� 鞏戩嫕鞐愲姅 韺岇儩靸來拡 瓯半灅雮� 於旉皜 氤挫儊 鞎届爼鞚� 韽暔霅橃柎 鞛堨 鞎婌姷雼堧嫟.
Douglas James Kramer, Chief Legal Officer de Cloudflare, Inc. (NET), a d茅clar茅 la cession de 13 192 actions ordinaires de classe A le 15/08/2025 脿 un prix d茅clar茅 de 195,38 $ par action. Le formulaire 4 indique que 13 192 actions ont 茅t茅 c茅d茅es pour satisfaire l'obligation fiscale du d茅clarant li茅e 脿 la lev茅e des restrictions des unit茅s d'actions restreintes (RSU). Apr猫s la transaction, le d茅clarant d茅tenait de mani猫re b茅n茅ficiaire 144 185 actions ordinaires de classe A. Le d茅p么t a 茅t茅 effectu茅 au nom du d茅clarant par Lindsey Cochran sous procuration et sign茅 le 19/08/2025. Le formulaire ne contient aucune op茅ration sur d茅riv茅s ni d'accords compensatoires suppl茅mentaires.
Douglas James Kramer, Chief Legal Officer von Cloudflare, Inc. (NET), meldete am 15.08.2025 den Verkauf von 13.192 Stammaktien der Klasse A zu einem angegebenen Preis von $195,38 je Aktie. Im Formular 4 ist aufgef眉hrt, dass 13.192 Aktien ver盲u脽ert wurden, um die Steuerverpflichtung der meldepflichtigen Person im Zusammenhang mit dem Vesting von Restricted Stock Units (RSUs) zu erf眉llen. Nach der Transaktion hielt die meldepflichtige Person wirtschaftlich 144.185 Klasse-A-Stammaktien. Die Einreichung wurde im Namen der meldepflichtigen Person von Lindsey Cochran per Vollmacht vorgenommen und am 19.08.2025 unterzeichnet. Das Formular enth盲lt keine Derivattransaktionen oder weitere verg眉tungsbezogene Vereinbarungen.
- Transaction disclosed as tax-withholding for vested RSUs, indicating an administrative settlement rather than opportunistic open-market selling
- Clear post-transaction beneficial ownership reported: 144,185 Class A shares remain beneficially owned
- Disposition of 13,192 shares reduces the reporting person's stake
- No additional context provided about the RSU grant date or vesting schedule in this Form 4
Insights
TL;DR: Routine insider tax-withholding sale of vested RSUs; transaction is informative but not materially market-moving.
The filing documents a common administrative transaction: shares withheld to cover tax on vested RSUs rather than a cash sale into the market. The size of the disposition (13,192 shares) and remaining beneficial ownership (144,185) are clearly disclosed, allowing investors to track insider stake changes. There are no option exercises, grants, or derivative positions reported, and no indication of opportunistic open-market selling. Impact on share supply is negligible relative to typical public float sizes for similar issuers.
TL;DR: Administrative RSU withholding disclosed properly; governance disclosure standards met with power-of-attorney signature.
The Form 4 complies with Section 16 disclosure norms: it identifies the reporting person, relationship to issuer (Chief Legal Officer), the transaction date, rationale in the explanation section, and a delegated signature by power of attorney. The explanation that shares were withheld for tax liability is explicit and satisfies common practice for executive equity compensation settlements. No unusual timing, fragmentation of transactions, or related-party arrangements are disclosed in the provided content.
Douglas James Kramer, Chief Legal Officer di Cloudflare, Inc. (NET), ha comunicato la vendita di 13.192 azioni di azioni ordinarie di Classe A in data 15/08/2025 a un prezzo dichiarato di $195,38 per azione. Il Modulo 4 indica che 13.192 azioni sono state cedute per soddisfare l'obbligo fiscale del dichiarante relativo alla maturazione di restricted stock units (RSU). Dopo la transazione, il dichiarante deteneva beneficiariamente 144.185 azioni ordinarie di Classe A. La dichiarazione 猫 stata presentata per conto del dichiarante da Lindsey Cochran con procura e firmata il 19/08/2025. Il modulo non riporta operazioni su derivati n茅 ulteriori accordi compensativi.
Douglas James Kramer, Director Jur铆dico (Chief Legal Officer) de Cloudflare, Inc. (NET), inform贸 la venta de 13.192 acciones ordinarias Clase A el 15/08/2025 a un precio declarado de $195.38 por acci贸n. El Formulario 4 muestra que 13.192 acciones se dispusieron para cubrir la obligaci贸n tributaria del informante relacionada con la consolidaci贸n (vesting) de unidades restringidas de acciones (RSU). Tras la operaci贸n, el informante pose铆a beneficiariamente 144.185 acciones ordinarias Clase A. La presentaci贸n fue realizada en nombre del informante por Lindsey Cochran mediante poder y firmada el 19/08/2025. El formulario no contiene transacciones sobre derivados ni arreglos compensatorios adicionales.
Douglas James Kramer鞚�(電�) Cloudflare, Inc. (NET)鞚� 氩曤齑濌磩(Chief Legal Officer)搿滌劀 2025-08-15鞐� 韥措灅鞀� A 氤错喌欤� 13,192欤茧ゼ 欤茧嫻 鞁犼碃臧� $195.38鞐� 毵る弰頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. Form 4鞐愲姅 鞝滍暅欤检嫕雼渼(RSU)鞚� 氩犾姢韺呹臣 甏�霠悳 鞁犼碃鞚胳潣 靹戈笀 雮╇秬 鞚橂毳� 於╈”頃橁赴 鞙勴暣 13,192欤缄皜 觳橂秳霅� 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 瓯半灅 頉� 鞁犼碃鞚胳潃 韥措灅鞀� A 氤错喌欤� 144,185欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨棃鞀惦媹雼�. 鞚� 鞝滌稖靹滊姅 鞙勳瀯鞛レ潉 韱淀暣 Lindsey Cochran鞚� 鞁犼碃鞚胳潉 雽�鞁犿晿鞐� 鞝滌稖頄堨溂氅� 2025-08-19鞐� 靹滊獏霅橃棃鞀惦媹雼�. 鞚� 鞏戩嫕鞐愲姅 韺岇儩靸來拡 瓯半灅雮� 於旉皜 氤挫儊 鞎届爼鞚� 韽暔霅橃柎 鞛堨 鞎婌姷雼堧嫟.
Douglas James Kramer, Chief Legal Officer de Cloudflare, Inc. (NET), a d茅clar茅 la cession de 13 192 actions ordinaires de classe A le 15/08/2025 脿 un prix d茅clar茅 de 195,38 $ par action. Le formulaire 4 indique que 13 192 actions ont 茅t茅 c茅d茅es pour satisfaire l'obligation fiscale du d茅clarant li茅e 脿 la lev茅e des restrictions des unit茅s d'actions restreintes (RSU). Apr猫s la transaction, le d茅clarant d茅tenait de mani猫re b茅n茅ficiaire 144 185 actions ordinaires de classe A. Le d茅p么t a 茅t茅 effectu茅 au nom du d茅clarant par Lindsey Cochran sous procuration et sign茅 le 19/08/2025. Le formulaire ne contient aucune op茅ration sur d茅riv茅s ni d'accords compensatoires suppl茅mentaires.
Douglas James Kramer, Chief Legal Officer von Cloudflare, Inc. (NET), meldete am 15.08.2025 den Verkauf von 13.192 Stammaktien der Klasse A zu einem angegebenen Preis von $195,38 je Aktie. Im Formular 4 ist aufgef眉hrt, dass 13.192 Aktien ver盲u脽ert wurden, um die Steuerverpflichtung der meldepflichtigen Person im Zusammenhang mit dem Vesting von Restricted Stock Units (RSUs) zu erf眉llen. Nach der Transaktion hielt die meldepflichtige Person wirtschaftlich 144.185 Klasse-A-Stammaktien. Die Einreichung wurde im Namen der meldepflichtigen Person von Lindsey Cochran per Vollmacht vorgenommen und am 19.08.2025 unterzeichnet. Das Formular enth盲lt keine Derivattransaktionen oder weitere verg眉tungsbezogene Vereinbarungen.
FAQ
What did Cloudflare (NET) insider Douglas Kramer sell on 08/15/2025?
Why were the 13,192 shares disposed of according to the Form 4?
How many Class A shares does Douglas Kramer beneficially own after the transaction?
Who signed the Form 4 for Douglas Kramer and when?
Were any derivative securities reported on this Form 4 for NET?
