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sellWeak cluster of 610b5-1 plan

Carl Ledbetter sold $3.4M of NET

director at Cloudflare, Inc.. 15,000 shares at an average of $227.05, traded Mar 18, 2026, filed Mar 20, 2026.

Warning score
35
Value
$3.4M
15,000 shares
Holdings after
938,073
-2% from before
From 52-week low
+132%
low $97.08, close $225.48
From 52-week high
-11%
high $253.30, as of Mar 18, 2026

Score components

  • Role
    Director
    +15
  • Trade size
    $3.4M at market
    +25
  • Share of holdings sold
    Sold 1.6% of holdings
    0
  • Cluster
    6 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 -6.7%, 3m +4.0%, 6m +50.2%.

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 13, 2026 · close 347.70
Since filing Mar 20, 2026: +61.4%SPY +20.6% · excess +40.8%

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 0001366574-26-000006, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 18, 2026SOpen-market sale
Class A Common Stockindirect: See footnote10b5-1
-15,000$227.05$3.4M938,073Mar 20, 2026

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.