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Thomas J. Seifert, Chief Financial Officer of Cloudflare, Inc. (NET), reported a series of transactions on 08/20/2025. The filing shows acquisitions and multiple sales of Class A common stock effected under a Rule 10b5-1 trading plan adopted on November 26, 2024. The reporting person acquired 10,000 shares (exercise of employee stock option) and effected a separate purchase of 10,000 Class A shares, and sold a total of 41,555 Class A shares in multiple transactions at weighted-average prices ranging approximately from $184.90 to $195.34. After these transactions the reporting person beneficially owned 189,517 Class A shares directly.

The filing also discloses holdings of Class B common stock convertible one-for-one into Class A shares, including both direct and indirect holdings (several entries held by entities/trusts for which the reporting person serves as partner or trustee). The transactions were signed by power of attorney on 08/21/2025.

Cloudflare, Inc. (NET) Form 144 notice for proposed sale of Class A common stock. The filer notified a broker (Goldman Sachs & Co. LLC) of an approximate sale of 240,228 shares with an aggregate market value of $46,308,751.56, scheduled approximately for 08/21/2025 on the NYSE. The filing discloses that 230,769 shares were originally acquired on 08/08/2017 as stock-option compensation and 9,459 shares on 04/19/2023 as restricted stock units. The form lists multiple earlier disposals by the related Sutherland / Zatlyn Revocable Trust totaling repeated sales of 8,547鈥�8,548 shares on various dates in June鈥揓uly 2025 with listed gross proceeds per lot. The filer certifies no undisclosed material adverse information.

Matthew Prince, Cloudflare, Inc. (NET) CEO and Board Co-Chair, reported an insider sale under a pre-established trading plan. The Form 4 shows 536 shares of Class A common stock sold on 08/20/2025 at a weighted-average price of $194.8356 per share. The reporting person states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on February 11, 2025. Following the reported transactions the filing indicates the reporting person (indirectly through a revocable trust) beneficially owns 20,111 shares. The Form discloses that the shares are held of record by The Matthew Prince Revocable Trust dated October 29, 2015, for which he serves as trustee.

Matthew Prince, Cloudflare, Inc. CEO and Board Co-Chair, reported multiple conversions and open-market sales of Class B and Class A common stock conducted on August 18鈥�20, 2025. The filings show repeated conversions of 52,384 Class B shares into Class A on each of those dates and many incremental sales executed under a Rule 10b5-1 trading plan adopted February 11, 2025. Sales are reported as weighted-average prices with specified price ranges for each block; the form notes the shares are held in various trusts for which he serves as trustee or investment advisor. This Form 4 covers transactions across the three dates and is the first of two forms for these activity dates.

Form 144 filed for Cloudflare, Inc. (NET) reports a proposed sale of 41,555 Class A shares with an aggregate market value of $8,165,973.05, scheduled approximately for 08/20/2025 on the NYSE. The filing shows the shares were acquired from the issuer through compensation: 10,000 shares from exercise of stock options on 08/20/2025 (paid in cash) and 31,555 shares from restricted stock units on 08/15/2025. The notice also lists multiple Rule 10b5-1 sales by related parties over the past three months totaling 115,000 shares with associated gross proceeds.

Cloudflare insider Matthew Prince reported vesting and related transactions for Class A common stock. Performance-based restricted stock units (PSUs) tied to stock-price goals were certified for the $156.00 threshold, making 21,888 PSUs eligible to vest in six equal quarterly installments beginning August 15, 2025. Each PSU converts into one share of Class A common stock.

The filing shows that 21,888 PSUs were reported as acquired (code M) and, separately, 15,739 shares were withheld to satisfy tax withholding at a price of $195.38, leaving 367,251 shares directly beneficially owned after the withholding. Additionally, 20,111 shares that will vest were re-registered into The Matthew Prince Revocable Trust, of which Prince is trustee.

Insider vesting and share withholding following performance award certification. Michelle Zatlyn, President and Board Co-Chair of Cloudflare, received 21,888 performance stock units that became eligible to vest after certification of the $156 stock price goal and will vest in six equal quarterly installments beginning 08/15/2025. She also had 18,206 shares withheld at $195.38 per share to satisfy tax withholding on vested awards. Following these transactions, she directly beneficially owns 403,101 Class A shares and holds additional shares indirectly through two trusts (the Revocable Trust and the SZ 2021 Irrevocable Trust).

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.

Thomas J. Seifert, Chief Financial Officer and director of Cloudflare, Inc. (NET), reported a withholding of 20,478 Class A shares on 08/15/2025 at a price of $195.38 per share to satisfy tax liabilities from the vesting of restricted stock units. After the withholding, the filing shows 221,072 Class A shares beneficially owned by the reporting person.

The Form 4 was signed by a power of attorney and filed on 08/19/2025. The filing lists this transaction as a routine tax-withholding disposition tied to RSU vesting.