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sellWeak cluster of 710b5-1 plan

Douglas James Kramer sold $606k of NET

Chief Legal Officer at Cloudflare, Inc.. 3,000 shares at an average of $202.10, traded Sep 2, 2025, filed Sep 4, 2025.

Warning score
29
Value
$606k
3,000 shares
Holdings after
141,185
-2% from before
From 52-week low
+166%
low $78.09, close $208.05
From 52-week high
-3%
high $215.53, as of Sep 2, 2025

Score components

  • Role
    Officer
    +15
  • Trade size
    $606k at market
    +19
  • Share of holdings sold
    Sold 2.1% of holdings
    0
  • Cluster
    7 insiders selling within 14 days
    +15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

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.

This signal so far: 1m +3.2%, 3m -2.8%, 6m -8.4%.

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 Sep 4, 2025: +71.9%SPY +21.5% · excess +50.4%

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 0001787168-25-000005, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 2, 2025SOpen-market sale
Class A Common Stock10b5-1
-200$199.93$40k143,985Sep 4, 2025
Sep 2, 2025SOpen-market sale
Class A Common Stock10b5-1
-1,200$201.48$242k142,785Sep 4, 2025
Sep 2, 2025SOpen-market sale
Class A Common Stock10b5-1
-900$202.44$182k141,885Sep 4, 2025
Sep 2, 2025SOpen-market sale
Class A Common Stock10b5-1
-700$203.34$142k141,185Sep 4, 2025

Related signals

Other insiders at Cloudflare, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
38Weak
NETsell 210b5-1
Cloudflare, Inc.
Michelle Zatlyn
President and Board Co-Chair
$35M
99,009 shares
-96%
35Weak
NETsell 310b5-1
Cloudflare, Inc.
Carl Ledbetter
director
$1.8M
5,000 shares
-1%
27Weak
NETsell 310b5-1
Cloudflare, Inc.
Thomas J Seifert
Chief Financial Officer
$3.3M
10,000 shares
-8%
35Weak
NETsell 310b5-1
Cloudflare, Inc.
Carl Ledbetter
director
$1.6M
5,000 shares
-1%
45Moderate
NETsell 310b5-1
Cloudflare, Inc.
Michelle Zatlyn
PRESIDENT & BOARD CO-CHAIR
$28M
99,009 shares
-96%
45Moderate
NETsell 710b5-1
Cloudflare, Inc.
Michelle Zatlyn
President and Board Co-Chair
$28M
99,009 shares
-96%
27Weak
NETsell 810b5-1
Cloudflare, Inc.
Thomas J Seifert
Chief Financial Officer
$3.1M
10,000 shares
-8%
25Weak
NETsell 810b5-1
Cloudflare, Inc.
Janel Riley
Chief Accounting Officer
$1.6M
5,148 shares
-11%
20Weak
NETsell 810b5-1
Cloudflare, Inc.
Alissa Michelle Starzak
Chief Legal Officer
$1.8M
5,871 shares
-5%
17Weak
NETsell 810b5-1
Cloudflare, Inc.
John Graham-Cumming
director
$766k
2,520 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.

Douglas James Kramer sold $606k of NET | InsiderTell