sellModerate cluster of 610b5-1 plan
Michelle Zatlyn sold $14M of NET
President and Board Co-Chair at Cloudflare, Inc.. 86,379 shares at an average of $160.06, traded Feb 19, 2025, filed Feb 21, 2025.
Warning score
45Value
$14M
86,379 shares
Holdings after
19,615
-288% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet
Score components
- +20RolePresident
- +25Trade size$13.8M at market
- +20Share of holdings soldSold 100% of holdings
- +15Cluster6 insiders selling within 14 days
- -15Exercise and sellShares came from an option exercise in the same filing
- -2010b5-1 planPre-scheduled under a 10b5-1 plan
What happened after comparable sells
Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.
Price around the trade, and since
From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.
NETOct 9, 2026 · close 360.93
Since filing Feb 21, 2025: +137.5%SPY +32.3% · excess +105.2%
Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™
Rows in this filing
Every transaction in Form 4 0001104659-25-016292, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Feb 19, 2025 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +20,512 | - | - | 29,971 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,073 | $160.43 | $333k | 27,898 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -1,850 | $161.88 | $299k | 26,048 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,928 | $162.92 | $477k | 23,120 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -969 | $163.66 | $159k | 22,151 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -7,105 | $165.17 | $1.2M | 15,046 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -11,999 | $165.91 | $2.0M | 3,047 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -3,047 | $166.84 | $508k | 0 | Feb 21, 2025 |
| Feb 19, 2025 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +5,128 | - | - | 24,743 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -340 | $160.44 | $55k | 24,403 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -332 | $161.92 | $54k | 24,071 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -556 | $163.05 | $91k | 23,515 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -324 | $164.53 | $53k | 23,191 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,054 | $165.44 | $340k | 21,137 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -1,285 | $166.22 | $214k | 19,852 | Feb 21, 2025 |
| Feb 19, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -237 | $167.08 | $40k | 19,615 | Feb 21, 2025 |
| Feb 20, 2025 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +20,512 | - | - | 20,512 | Feb 21, 2025 |
| Feb 20, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -9,004 | $156.34 | $1.4M | 11,508 | Feb 21, 2025 |
| Feb 20, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -11,508 | $157.36 | $1.8M | 0 | Feb 21, 2025 |
| Feb 20, 2025 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +5,128 | - | - | 24,743 | Feb 21, 2025 |
| Feb 20, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,369 | $156.37 | $370k | 22,374 | Feb 21, 2025 |
| Feb 20, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,759 | $157.38 | $434k | 19,615 | Feb 21, 2025 |
| Feb 21, 2025 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +20,512 | - | - | 20,512 | Feb 21, 2025 |
| Feb 21, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -8,432 | $156.01 | $1.3M | 12,080 | Feb 21, 2025 |
| Feb 21, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -9,452 | $156.97 | $1.5M | 2,628 | Feb 21, 2025 |
| Feb 21, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,628 | $157.68 | $414k | 0 | Feb 21, 2025 |
| Feb 21, 2025 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +5,128 | - | - | 24,743 | Feb 21, 2025 |
| Feb 21, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,083 | $156.01 | $325k | 22,660 | Feb 21, 2025 |
| Feb 21, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,378 | $156.96 | $373k | 20,282 | Feb 21, 2025 |
| Feb 21, 2025 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -667 | $157.68 | $105k | 19,615 | Feb 21, 2025 |
| Feb 19, 2025 | MOption exercise Employee Stock Option (right to buy)derivative10b5-1 | -20,512 | $0.00 | $0 | 2,512,804 | Feb 21, 2025 |
| Feb 19, 2025 | MOption exercise Class B Common Stockderivative10b5-1 | +20,512 | $0.00 | $0 | 20,512 | Feb 21, 2025 |
| Feb 19, 2025 | CConversion Class B Common Stockderivative10b5-1 | -20,512 | $0.00 | $0 | 0 | Feb 21, 2025 |
| Feb 19, 2025 | CConversion Class B Common Stockderivativeindirect: See footnote10b5-1 | -5,128 | $0.00 | $0 | 1,396,252 | Feb 21, 2025 |
| Feb 20, 2025 | MOption exercise Employee Stock Option (right to buy)derivative10b5-1 | -20,512 | $0.00 | $0 | 2,492,292 | Feb 21, 2025 |
| Feb 20, 2025 | MOption exercise Class B Common Stockderivative10b5-1 | +20,512 | $0.00 | $0 | 20,512 | Feb 21, 2025 |
| Feb 20, 2025 | CConversion Class B Common Stockderivative10b5-1 | -20,512 | $0.00 | $0 | 0 | Feb 21, 2025 |
| Feb 20, 2025 | CConversion Class B Common Stockderivativeindirect: See footnote10b5-1 | -5,128 | $0.00 | $0 | 1,391,124 | Feb 21, 2025 |
| Feb 21, 2025 | MOption exercise Employee Stock Option (right to buy)derivative10b5-1 | -20,512 | $0.00 | $0 | 2,471,780 | Feb 21, 2025 |
| Feb 21, 2025 | MOption exercise Class B Common Stockderivative10b5-1 | +20,512 | $0.00 | $0 | 20,512 | Feb 21, 2025 |
| Feb 21, 2025 | CConversion Class B Common Stockderivative10b5-1 | -20,512 | $0.00 | $0 | 0 | Feb 21, 2025 |
| Feb 21, 2025 | CConversion Class B Common Stockderivativeindirect: See footnote10b5-1 | -5,128 | $0.00 | $0 | 1,385,996 | Feb 21, 2025 |
Related signals
Other insiders at Cloudflare, Inc. and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 38Weak | Cloudflare, Inc. | Michelle Zatlyn President and Board Co-Chair | $35M 99,009 shares | -96% | |
| 35Weak | Cloudflare, Inc. | Carl Ledbetter director | $1.8M 5,000 shares | -1% | |
| 27Weak | Cloudflare, Inc. | Thomas J Seifert Chief Financial Officer | $3.3M 10,000 shares | -8% | |
| 35Weak | Cloudflare, Inc. | Carl Ledbetter director | $1.6M 5,000 shares | -1% | |
| 45Moderate | Cloudflare, Inc. | Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR | $28M 99,009 shares | -96% | |
| 27Weak | Cloudflare, Inc. | Thomas J Seifert Chief Financial Officer | $1.8M 10,000 shares | -4% | |
| 35Weak | Cloudflare, Inc. | Carl Ledbetter director | $1.8M 10,050 shares | -1% | |
| 23Weak | Cloudflare, Inc. | Carl Ledbetter director | $225k 1,241 shares | -0% | |
| 65Notable | Cloudflare, Inc. | Matthew Prince CEO & Board Co-Chair | $28M 157,152 shares | -300% | |
| 20Weak | Cloudflare, Inc. | Katrin Suder director | $105k 608 shares | -1% |
Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.