CLOUDFLARE, INC. (NET)

Director Zatlyn Michelle 🟡 adjusted position in 7.2M shares (19 derivative) of Cloudflare, Inc. (NET) at $300.83 ($28.5M) Transaction Date: Aug 19, 2026 | Filing ID: 000018

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  • News bot Aug. 21, 2026, 9:28 p.m.

    🔍 Zatlyn Michelle (Director)

    Company: Cloudflare, Inc. (NET)

    Report Date: 2026-08-19

    Transaction Summary:

    • Total transactions: 48
    • Derivative instruments: 19
    • Holdings reported: 10
    • Total shares acquired: 198,018
    • Total shares sold: 297,027
    • Total shares held: 7,080,444

    Detailed Transactions and Holdings:

    • Acquired 33,003 shares of Class A Common Stock (Direct)
      Date: 2026-08-19 | Code: C | equity_swap_involved: 0 | shares_owned_after: 102,778.00 | transaction_form_type: 4 | Footnotes: F1, F2
    • Sold 4,298 shares of Class A Common Stock at $290.8643 per share (Direct)
      Date: 2026-08-19 | Code: S | equity_swap_involved: 0 | shares_owned_after: 98,480.00 | transaction_form_type: 4 | Footnotes: F3, F4, F2
    • Sold 3,971 shares of Class A Common Stock at $291.775 per share (Direct)
      Date: 2026-08-19 | Code: S | equity_swap_involved: 0 | shares_owned_after: 94,509.00 | transaction_form_type: 4 | Footnotes: F3, F5, F2
    • Sold 1,546 shares of Class A Common Stock at $292.8659 per share (Direct)
      Date: 2026-08-19 | Code: S | equity_swap_involved: 0 | shares_owned_after: 92,963.00 | transaction_form_type: 4 | Footnotes: F3, F6, F2
    • Sold 1,420 shares of Class A Common Stock at $293.4247 per share (Direct)
      Date: 2026-08-19 | Code: S | equity_swap_involved: 0 | shares_owned_after: 91,543.00 | transaction_form_type: 4 | Footnotes: F3, F7, F2
    • Sold 10,604 shares of Class A Common Stock at $295.3134 per share (Direct)
      Date: 2026-08-19 | Code: S | equity_swap_involved: 0 | shares_owned_after: 80,939.00 | transaction_form_type: 4 | Footnotes: F3, F8, F2
    • Sold 7,566 shares of Class A Common Stock at $296.3123 per share (Direct)
      Date: 2026-08-19 | Code: S | equity_swap_involved: 0 | shares_owned_after: 73,373.00 | transaction_form_type: 4 | Footnotes: F3, F9, F2
    • Sold 1,554 shares of Class A Common Stock at $297.0992 per share (Direct)
      Date: 2026-08-19 | Code: S | equity_swap_involved: 0 | shares_owned_after: 71,819.00 | transaction_form_type: 4 | Footnotes: F3, F10, F2
    • Sold 824 shares of Class A Common Stock at $297.9915 per share (Direct)
      Date: 2026-08-19 | Code: S | equity_swap_involved: 0 | shares_owned_after: 70,995.00 | transaction_form_type: 4 | Footnotes: F3, F11, F2
    • Sold 1,217 shares of Class A Common Stock at $298.9848 per share (Direct)
      Date: 2026-08-19 | Code: S | equity_swap_involved: 0 | shares_owned_after: 69,778.00 | transaction_form_type: 4 | Footnotes: F3, F12, F2
    • Sold 3 shares of Class A Common Stock at $300.835 per share (Direct)
      Date: 2026-08-19 | Code: S | equity_swap_involved: 0 | shares_owned_after: 69,775.00 | transaction_form_type: 4 | Footnotes: F3, F2
    • Acquired 33,003 shares of Class A Common Stock (Direct)
      Date: 2026-08-20 | Code: C | equity_swap_involved: 0 | shares_owned_after: 102,778.00 | transaction_form_type: 4 | Footnotes: F1, F2
    • Sold 7,007 shares of Class A Common Stock at $283.2125 per share (Direct)
      Date: 2026-08-20 | Code: S | equity_swap_involved: 0 | shares_owned_after: 95,771.00 | transaction_form_type: 4 | Footnotes: F3, F13, F2
    • Sold 8,646 shares of Class A Common Stock at $284.0505 per share (Direct)
      Date: 2026-08-20 | Code: S | equity_swap_involved: 0 | shares_owned_after: 87,125.00 | transaction_form_type: 4 | Footnotes: F3, F14, F2
    • Sold 8,467 shares of Class A Common Stock at $285.1575 per share (Direct)
      Date: 2026-08-20 | Code: S | equity_swap_involved: 0 | shares_owned_after: 78,658.00 | transaction_form_type: 4 | Footnotes: F3, F15, F2
    • Sold 3,109 shares of Class A Common Stock at $286.0974 per share (Direct)
      Date: 2026-08-20 | Code: S | equity_swap_involved: 0 | shares_owned_after: 75,549.00 | transaction_form_type: 4 | Footnotes: F3, F16, F2
    • Sold 2,335 shares of Class A Common Stock at $287.0018 per share (Direct)
      Date: 2026-08-20 | Code: S | equity_swap_involved: 0 | shares_owned_after: 73,214.00 | transaction_form_type: 4 | Footnotes: F3, F17, F2
    • Sold 2,544 shares of Class A Common Stock at $288.0108 per share (Direct)
      Date: 2026-08-20 | Code: S | equity_swap_involved: 0 | shares_owned_after: 70,670.00 | transaction_form_type: 4 | Footnotes: F3, F18, F2
    • Sold 136 shares of Class A Common Stock at $289.3042 per share (Direct)
      Date: 2026-08-20 | Code: S | equity_swap_involved: 0 | shares_owned_after: 70,534.00 | transaction_form_type: 4 | Footnotes: F3, F19, F2
    • Sold 759 shares of Class A Common Stock at $291.801 per share (Direct)
      Date: 2026-08-20 | Code: S | equity_swap_involved: 0 | shares_owned_after: 69,775.00 | transaction_form_type: 4 | Footnotes: F3, F20, F2
    • Acquired 33,003 shares of Class A Common Stock (Direct)
      Date: 2026-08-21 | Code: C | equity_swap_involved: 0 | shares_owned_after: 102,778.00 | transaction_form_type: 4 | Footnotes: F1, F2
    • Sold 2,206 shares of Class A Common Stock at $274.4721 per share (Direct)
      Date: 2026-08-21 | Code: S | equity_swap_involved: 0 | shares_owned_after: 100,572.00 | transaction_form_type: 4 | Footnotes: F3, F21, F2
    • Sold 8,990 shares of Class A Common Stock at $275.6615 per share (Direct)
      Date: 2026-08-21 | Code: S | equity_swap_involved: 0 | shares_owned_after: 91,582.00 | transaction_form_type: 4 | Footnotes: F3, F22, F2
    • Sold 4,236 shares of Class A Common Stock at $276.6655 per share (Direct)
      Date: 2026-08-21 | Code: S | equity_swap_involved: 0 | shares_owned_after: 87,346.00 | transaction_form_type: 4 | Footnotes: F3, F23, F2
    • Sold 5,642 shares of Class A Common Stock at $277.9467 per share (Direct)
      Date: 2026-08-21 | Code: S | equity_swap_involved: 0 | shares_owned_after: 81,704.00 | transaction_form_type: 4 | Footnotes: F3, F24, F2
    • Sold 5,624 shares of Class A Common Stock at $278.7825 per share (Direct)
      Date: 2026-08-21 | Code: S | equity_swap_involved: 0 | shares_owned_after: 76,080.00 | transaction_form_type: 4 | Footnotes: F3, F25, F2
    • Sold 5,259 shares of Class A Common Stock at $279.7185 per share (Direct)
      Date: 2026-08-21 | Code: S | equity_swap_involved: 0 | shares_owned_after: 70,821.00 | transaction_form_type: 4 | Footnotes: F3, F26, F2
    • Sold 956 shares of Class A Common Stock at $280.4189 per share (Direct)
      Date: 2026-08-21 | Code: S | equity_swap_involved: 0 | shares_owned_after: 69,865.00 | transaction_form_type: 4 | Footnotes: F3, F27, F2
    • Sold 90 shares of Class A Common Stock at $281.31 per share (Direct)
      Date: 2026-08-21 | Code: S | equity_swap_involved: 0 | shares_owned_after: 69,775.00 | transaction_form_type: 4 | Footnotes: F3, F2
    • Sold 33,003 shares of Employee Stock Option (right to buy) at $2.04 per share (Derivative)
      Date: 2026-08-19 | Code: M | Expires: 2027-08-07 | equity_swap_involved: 0 | shares_owned_after: 1,155,105.00 | transaction_form_type: 4 | Footnotes: F28
    • Acquired 33,003 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: M | equity_swap_involved: 0 | shares_owned_after: 33,003.00 | transaction_form_type: 4 | Footnotes: F1, F1, F1
    • Sold 33,003 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: C | equity_swap_involved: 0 | transaction_form_type: 4 | Footnotes: F1, F1, F1, F29
    • Sold 33,003 shares of Employee Stock Option (right to buy) at $2.04 per share (Derivative)
      Date: 2026-08-20 | Code: M | Expires: 2027-08-07 | equity_swap_involved: 0 | shares_owned_after: 1,122,102.00 | transaction_form_type: 4 | Footnotes: F28
    • Acquired 33,003 shares of Class B Common Stock (Derivative)
      Date: 2026-08-20 | Code: M | equity_swap_involved: 0 | shares_owned_after: 33,003.00 | transaction_form_type: 4 | Footnotes: F1, F1, F1
    • Sold 33,003 shares of Class B Common Stock (Derivative)
      Date: 2026-08-20 | Code: C | equity_swap_involved: 0 | transaction_form_type: 4 | Footnotes: F1, F1, F1, F29
    • Sold 33,003 shares of Employee Stock Option (right to buy) at $2.04 per share (Derivative)
      Date: 2026-08-21 | Code: M | Expires: 2027-08-07 | equity_swap_involved: 0 | shares_owned_after: 1,089,099.00 | transaction_form_type: 4 | Footnotes: F28
    • Acquired 33,003 shares of Class B Common Stock (Derivative)
      Date: 2026-08-21 | Code: M | equity_swap_involved: 0 | shares_owned_after: 33,003.00 | transaction_form_type: 4 | Footnotes: F1, F1, F1
    • Sold 33,003 shares of Class B Common Stock (Derivative)
      Date: 2026-08-21 | Code: C | equity_swap_involved: 0 | transaction_form_type: 4 | Footnotes: F1, F1, F1, F29
    • Holds 552,438 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: H | shares_owned_after: 552,438.00 | Footnotes: F1, F1, F1, F2
    • Holds 351,505 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: H | shares_owned_after: 351,505.00 | Footnotes: F1, F1, F1, F30
    • Holds 2,064,551 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: H | shares_owned_after: 2,064,551.00 | Footnotes: F1, F1, F1, F31
    • Holds 4,819 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: H | shares_owned_after: 4,819.00 | Footnotes: F1, F1, F1, F32
    • Holds 921,730 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: H | shares_owned_after: 921,730.00 | Footnotes: F1, F1, F1, F33
    • Holds 944,742 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: H | shares_owned_after: 944,742.00 | Footnotes: F1, F1, F1, F34
    • Holds 790,659 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: H | shares_owned_after: 790,659.00 | Footnotes: F1, F1, F1, F35
    • Holds 1,000,000 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: H | shares_owned_after: 1,000,000.00 | Footnotes: F1, F1, F1, F36
    • Holds 200,000 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: H | shares_owned_after: 200,000.00 | Footnotes: F1, F1, F1, F37
    • Holds 250,000 shares of Class B Common Stock (Derivative)
      Date: 2026-08-19 | Code: H | shares_owned_after: 250,000.00 | Footnotes: F1, F1, F1, F38

    Footnotes:

    • F1: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.
    • F2: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").
    • F3: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
    • F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.21 to $291.15, 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 (4) through (27) 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 $291.22 to $292.20, inclusive.
    • F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.25 to $293.25, inclusive.
    • F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.295 to $293.85, inclusive.
    • F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.79 to $295.78, inclusive.
    • F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.80 to $296.7875, inclusive.
    • F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.81 to $297.49, inclusive.
    • F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.835 to $298.78, inclusive.
    • F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.84 to $299.15, inclusive.
    • F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.58 to $283.55, inclusive.
    • F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $283.60 to $284.58, inclusive.
    • F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $284.61 to $285.61, inclusive.
    • F16: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.62 to $286.57, inclusive.
    • F17: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $286.65 to $287.64, inclusive.
    • F18: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.67 to $288.64, inclusive.
    • F19: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.68 to $289.68, inclusive.
    • F20: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.72 to $292.095, inclusive.
    • F21: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.11 to $275.11, inclusive.
    • F22: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.175 to $276.16, inclusive.
    • F23: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.19 to $277.19, inclusive.
    • F24: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.20 to $278.17, inclusive.
    • F25: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.21 to $279.05, inclusive.
    • F26: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.2275 to $280.20, inclusive.
    • F27: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.27 to $280.85, inclusive.
    • F28: Shares subject to the option are fully vested and immediately exercisable.
    • F29: Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held of record by the Revocable Trust.
    • F30: The shares are held of record by The SZ 2020 Irrevocable Trust dated November 25, 2020, for which the reporting person serves as an investment advisor.
    • F31: 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.
    • F32: The shares are held of record by The SZ 2023 Irrevocable Trust dated August 29, 2023, for which the reporting person serves as a co-trustee.
    • F33: The shares are held of record by The Sutherland/Zatlyn 2024 Annuity Trust dated May 29, 2024, for which the reporting person serves as co-trustee.
    • F34: The shares are held of record by The Sutherland/Zatlyn 2024 Annuity Trust II dated August 19, 2024, for which the reporting person serves as co-trustee.
    • F35: The shares are held of record by The Sutherland/Zatlyn 2024 Annuity Trust III dated November 12, 2024, for which the reporting person serves as co-trustee.
    • F36: The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust dated May 23, 2025, for which the reporting person serves as trustee.
    • F37: The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust II dated August 15, 2025, for which the reporting person serves as trustee.
    • F38: The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust III dated November 11, 2025, for which the reporting person serves as trustee.
    • REMARKS: This Form 4 is the first of two forms being filed to report transactions by the reporting person occurring on August 19, 2026 through August 21, 2026.