sellWeak cluster of 210b5-1 plan
Michelle Zatlyn sold $35M of NET
President and Board Co-Chair at Cloudflare, Inc.. 99,009 shares at an average of $355.88, traded Oct 5, 2026, filed Oct 7, 2026.
Warning score
38Value
$35M
99,009 shares
Holdings after
69,775
-96% from before
From 52-week low
+124%
low $160.19, close $359.49
From 52-week high
0%
high $359.49, as of Oct 5, 2026
Score components
- +20RolePresident
- +25Trade size$35.2M at market
- +20Share of holdings soldSold 96% of holdings
- +8Cluster2 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 Oct 7, 2026: +5.2%SPY +0.2% · excess +5.1%
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 0001786951-26-000025, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Oct 5, 2026 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +33,003 | - | - | 102,778 | 5 d ago |
| Oct 5, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -3,619 | $349.07 | $1.3M | 99,159 | 5 d ago |
| Oct 5, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,683 | $350.09 | $939k | 96,476 | 5 d ago |
| Oct 5, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -4,829 | $351.30 | $1.7M | 91,647 | 5 d ago |
| Oct 5, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -6,864 | $352.39 | $2.4M | 84,783 | 5 d ago |
| Oct 5, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -5,892 | $353.35 | $2.1M | 78,891 | 5 d ago |
| Oct 5, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,823 | $354.32 | $1.0M | 76,068 | 5 d ago |
| Oct 5, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -6,136 | $355.45 | $2.2M | 69,932 | 5 d ago |
| Oct 5, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -157 | $356.05 | $56k | 69,775 | 5 d ago |
| Oct 6, 2026 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +33,003 | - | - | 102,778 | 5 d ago |
| Oct 6, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -4,260 | $364.39 | $1.6M | 98,518 | 5 d ago |
| Oct 6, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -6,179 | $365.69 | $2.3M | 92,339 | 5 d ago |
| Oct 6, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -9,170 | $366.65 | $3.4M | 83,169 | 5 d ago |
| Oct 6, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -8,559 | $367.72 | $3.1M | 74,610 | 5 d ago |
| Oct 6, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -4,083 | $368.59 | $1.5M | 70,527 | 5 d ago |
| Oct 6, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -752 | $369.34 | $278k | 69,775 | 5 d ago |
| Oct 7, 2026 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +33,003 | - | - | 102,778 | 5 d ago |
| Oct 7, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -5,694 | $346.40 | $2.0M | 97,084 | 5 d ago |
| Oct 7, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -9,022 | $347.20 | $3.1M | 88,062 | 5 d ago |
| Oct 7, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -7,688 | $348.23 | $2.7M | 80,374 | 5 d ago |
| Oct 7, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -3,900 | $349.38 | $1.4M | 76,474 | 5 d ago |
| Oct 7, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -4,240 | $350.37 | $1.5M | 72,234 | 5 d ago |
| Oct 7, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,162 | $351.40 | $760k | 70,072 | 5 d ago |
| Oct 7, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -297 | $352.25 | $105k | 69,775 | 5 d ago |
| Oct 5, 2026 | MOption exercise Employee Stock Option (right to buy)derivative10b5-1 | -33,003 | $0.00 | $0 | 957,087 | 5 d ago |
| Oct 5, 2026 | MOption exercise Class B Common Stockderivative10b5-1 | +33,003 | $0.00 | $0 | 33,003 | 5 d ago |
| Oct 5, 2026 | CConversion Class B Common Stockderivative10b5-1 | -33,003 | $0.00 | $0 | 0 | 5 d ago |
| Oct 6, 2026 | MOption exercise Employee Stock Option (right to buy)derivative10b5-1 | -33,003 | $0.00 | $0 | 924,084 | 5 d ago |
| Oct 6, 2026 | MOption exercise Class B Common Stockderivative10b5-1 | +33,003 | $0.00 | $0 | 33,003 | 5 d ago |
| Oct 6, 2026 | CConversion Class B Common Stockderivative10b5-1 | -33,003 | $0.00 | $0 | 0 | 5 d ago |
| Oct 7, 2026 | MOption exercise Employee Stock Option (right to buy)derivative10b5-1 | -33,003 | $0.00 | $0 | 891,081 | 5 d ago |
| Oct 7, 2026 | MOption exercise Class B Common Stockderivative10b5-1 | +33,003 | $0.00 | $0 | 33,003 | 5 d ago |
| Oct 7, 2026 | CConversion Class B Common Stockderivative10b5-1 | -33,003 | $0.00 | $0 | 0 | 5 d ago |
Related signals
Other insiders at Cloudflare, Inc. and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 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% | |
| 45Moderate | Cloudflare, Inc. | Michelle Zatlyn President and Board Co-Chair | $17M 76,923 shares | -191% | |
| 35Weak | Cloudflare, Inc. | Carl Ledbetter director | $3.4M 15,000 shares | -1% | |
| 27Weak | Cloudflare, Inc. | Thomas J Seifert Chief Financial Officer | $2.3M 10,000 shares | -5% | |
| 65Notable | Cloudflare, Inc. | Matthew Prince CEO & Board Co-Chair | $35M 157,152 shares | -300% | |
| 22Weak | Cloudflare, Inc. | Mark J Hawkins director | $202k 1,000 shares | -7% | |
| 29Weak | Cloudflare, Inc. | Douglas James Kramer Chief Legal Officer | $606k 3,000 shares | -2% |
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.