sellModerate cluster of 510b5-1 plan
Michelle Zatlyn sold $18M of NET
President and Board Co-Chair at Cloudflare, Inc.. 76,923 shares at an average of $228.25, traded Jun 16, 2026, filed Jun 18, 2026.
Warning score
45Value
$18M
76,923 shares
Holdings after
47,425
-105% from before
From 52-week low
+44%
low $160.19, close $230.97
From 52-week high
-15%
high $272.66, as of Jun 16, 2026
Score components
- +20RolePresident
- +25Trade size$17.6M at market
- +20Share of holdings soldSold 100% of holdings
- +15Cluster5 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 13, 2026 · close 347.70
Since filing Jun 18, 2026: +55.2%SPY +4.4% · excess +50.7%
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 0001786951-26-000010, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Jun 16, 2026 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +25,641 | - | - | 73,066 | Jun 18, 2026 |
| Jun 16, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -3,721 | $229.48 | $854k | 69,345 | Jun 18, 2026 |
| Jun 16, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -4,671 | $230.31 | $1.1M | 64,674 | Jun 18, 2026 |
| Jun 16, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -5,171 | $231.25 | $1.2M | 59,503 | Jun 18, 2026 |
| Jun 16, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -1,745 | $232.51 | $406k | 57,758 | Jun 18, 2026 |
| Jun 16, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -602 | $234.20 | $141k | 57,156 | Jun 18, 2026 |
| Jun 16, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -3,130 | $235.43 | $737k | 54,026 | Jun 18, 2026 |
| Jun 16, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -4,203 | $236.73 | $995k | 49,823 | Jun 18, 2026 |
| Jun 16, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,398 | $237.67 | $570k | 47,425 | Jun 18, 2026 |
| Jun 17, 2026 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +25,641 | - | - | 73,066 | Jun 18, 2026 |
| Jun 17, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -3,475 | $229.91 | $799k | 69,591 | Jun 18, 2026 |
| Jun 17, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -4,657 | $230.92 | $1.1M | 64,934 | Jun 18, 2026 |
| Jun 17, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,940 | $231.70 | $681k | 61,994 | Jun 18, 2026 |
| Jun 17, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -4,693 | $233.14 | $1.1M | 57,301 | Jun 18, 2026 |
| Jun 17, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -5,408 | $233.89 | $1.3M | 51,893 | Jun 18, 2026 |
| Jun 17, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -3,279 | $235.12 | $771k | 48,614 | Jun 18, 2026 |
| Jun 17, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -1,189 | $235.68 | $280k | 47,425 | Jun 18, 2026 |
| Jun 18, 2026 | CConversion Class A Common Stockindirect: See footnote10b5-1 | +25,641 | - | - | 73,066 | Jun 18, 2026 |
| Jun 18, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -4,650 | $216.43 | $1.0M | 68,416 | Jun 18, 2026 |
| Jun 18, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -1,414 | $217.46 | $307k | 67,002 | Jun 18, 2026 |
| Jun 18, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -4,999 | $218.54 | $1.1M | 62,003 | Jun 18, 2026 |
| Jun 18, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -7,755 | $219.44 | $1.7M | 54,248 | Jun 18, 2026 |
| Jun 18, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,912 | $220.43 | $642k | 51,336 | Jun 18, 2026 |
| Jun 18, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -2,517 | $221.56 | $558k | 48,819 | Jun 18, 2026 |
| Jun 18, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -1,294 | $222.66 | $288k | 47,525 | Jun 18, 2026 |
| Jun 18, 2026 | SOpen-market sale Class A Common Stockindirect: See footnote10b5-1 | -100 | $223.29 | $22k | 47,425 | Jun 18, 2026 |
| Jun 16, 2026 | MOption exercise Employee Stock Option (right to buy)derivative10b5-1 | -25,641 | $0.00 | $0 | 1,338,454 | Jun 18, 2026 |
| Jun 16, 2026 | MOption exercise Class B Common Stockderivative10b5-1 | +25,641 | $0.00 | $0 | 25,641 | Jun 18, 2026 |
| Jun 16, 2026 | CConversion Class B Common Stockderivative10b5-1 | -25,641 | $0.00 | $0 | 0 | Jun 18, 2026 |
| Jun 17, 2026 | MOption exercise Employee Stock Option (right to buy)derivative10b5-1 | -25,641 | $0.00 | $0 | 1,312,813 | Jun 18, 2026 |
| Jun 17, 2026 | MOption exercise Class B Common Stockderivative10b5-1 | +25,641 | $0.00 | $0 | 25,641 | Jun 18, 2026 |
| Jun 17, 2026 | CConversion Class B Common Stockderivative10b5-1 | -25,641 | $0.00 | $0 | 0 | Jun 18, 2026 |
| Jun 18, 2026 | MOption exercise Employee Stock Option (right to buy)derivative10b5-1 | -25,641 | $0.00 | $0 | 1,287,172 | Jun 18, 2026 |
| Jun 18, 2026 | MOption exercise Class B Common Stockderivative10b5-1 | +25,641 | $0.00 | $0 | 25,641 | Jun 18, 2026 |
| Jun 18, 2026 | CConversion Class B Common Stockderivative10b5-1 | -25,641 | $0.00 | $0 | 0 | Jun 18, 2026 |
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% | |
| 45Moderate | Cloudflare, Inc. | Michelle Zatlyn President and Board Co-Chair | $28M 99,009 shares | -96% | |
| 27Weak | Cloudflare, Inc. | Thomas J Seifert Chief Financial Officer | $3.1M 10,000 shares | -8% | |
| 25Weak | Cloudflare, Inc. | Janel Riley Chief Accounting Officer | $1.6M 5,148 shares | -11% | |
| 20Weak | Cloudflare, Inc. | Alissa Michelle Starzak Chief Legal Officer | $1.8M 5,871 shares | -5% | |
| 17Weak | 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.