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sellWeak cluster of 610b5-1 plan

Thomas J Seifert sold $2.3M of NET

Chief Financial Officer at Cloudflare, Inc.. 10,000 shares at an average of $227.64, traded Sep 22, 2025, filed Sep 22, 2025.

Warning score
27
Value
$2.3M
10,000 shares
Holdings after
189,517
-5% from before
From 52-week low
+192%
low $78.11, close $228.28
From 52-week high
0%
high $228.28, as of Sep 22, 2025

Score components

  • Role
    CFO
    +22
  • Trade size
    $2.3M at market
    +25
  • Share of holdings sold
    Sold 5.0% of holdings
    0
  • Cluster
    6 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -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 -7.7%, 3m -11.5%, 6m -3.3%.

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 22, 2025: +58.1%SPY +18.0% · excess +40.1%

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 0001473289-25-000011, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 22, 2025CConversion
Class A Common Stock10b5-1
+10,000--199,517Sep 22, 2025
Sep 22, 2025SOpen-market sale
Class A Common Stock10b5-1
-1,000$223.49$223k198,517Sep 22, 2025
Sep 22, 2025SOpen-market sale
Class A Common Stock10b5-1
-600$224.47$135k197,917Sep 22, 2025
Sep 22, 2025SOpen-market sale
Class A Common Stock10b5-1
-400$226.22$90k197,517Sep 22, 2025
Sep 22, 2025SOpen-market sale
Class A Common Stock10b5-1
-1,800$227.15$409k195,717Sep 22, 2025
Sep 22, 2025SOpen-market sale
Class A Common Stock10b5-1
-3,022$228.29$690k192,695Sep 22, 2025
Sep 22, 2025SOpen-market sale
Class A Common Stock10b5-1
-2,778$229.33$637k189,917Sep 22, 2025
Sep 22, 2025SOpen-market sale
Class A Common Stock10b5-1
-400$229.93$92k189,517Sep 22, 2025
Sep 22, 2025MOption exercise
Employee Stock Option (right to buy)derivative10b5-1
-10,000$0.00$0120,341Sep 22, 2025
Sep 22, 2025MOption exercise
Class B Common Stockderivative10b5-1
+10,000$0.00$018,925Sep 22, 2025
Sep 22, 2025CConversion
Class B Common Stockderivative10b5-1
-10,000$0.00$08,925Sep 22, 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.

Thomas J Seifert sold $2.3M of NET | InsiderTell