Transaction · 0001786951-26-000023
NETCloudflare, Inc.
Zatlyn Michelle
Zatlyn Michelle, PRES, CHAIR, reported a transaction classified as exercise at Cloudflare, Inc. involving 33003.000000 shares for an estimated $0.00. Reported holdings after the transaction were 33003.000000 shares. The stored filing text includes a detected 10b5-1 reference.
exerciseSEC transaction code MPRES, CHAIR
- Trade date
- Sep 03, 2026
- Filing date
- Sep 09, 2026
How reported position traded is calculated
Not calculated for derivative securities.
Row-level estimate for this security and ownership context, not the insider’s complete portfolio. Joint ownership, other transactions in the filing, amendments and footnotes can affect interpretation.
Filing warnings
Notes recorded with this filingdelayed filingThe filing was reported 6 calendar days after the transaction date.
NET price since this filing
Daily closing prices, with the filing date and available return windowsNET · Daily closing priceLoading daily prices…
Filing dateReturn windows appear as prices become available.
Pre-filing1mo ago -4.1%1w ago -1.9%1d ago -13.2%
Returns since7d +3.3%30d +8.8%90d180d1y
Transaction facts
Stored Form 4 columns with their raw values
- Type
- exercise Code M
- Identifier
- 0001786951-26-000023 Class B Common Stock
- Transaction date
- Sep 03, 2026 Filed Sep 09, 2026, 12:54 AM · 6d delay
- Shares
- 33,003 sh $0.00 per share
- Estimated value
- $0 Computed from shares × price
- Holdings after
- 33,003 sh Direct
Filing signal explanations
Badges describe filing facts only — not predictions.
Cluster 14dRepeat 30dPattern $100kLarge $1.00M
Delayed Filing Derivative Transaction Direct Ownership Large Holdings Increase 10b5-1 Detected
Filing-only score
-26 points
Compact filing score computed from stored Form 4 facts. Version v1.
Low filing signal
This filing has a meaningfully negative filing-only score. It is likely less useful as a positive insider-activity signal.
How this score is calculated
- direct_ownership+6 points
direct_or_indirect_ownership = D
Direct ownership reports the insider's personal stake. - derivative_transaction-16 points
is_derivative = true
Derivative exercise rows are less discretionary than open-market purchases. - tenb5_1_detected-10 points
is_10b5_1 = true
Stored filing content includes detected 10b5-1 language. - delayed_filing-6 points
reporting_delay_days = 6
Filing delay exceeds the configured threshold.
Signed filing-only points, not a probability or expected return. Version v1.
Reported relationships & other filings
Form 4 relationship flags and nearby filing context
Reported roles
PRESIDENT & BOARD CO-CHAIR
Officer YesDirector Yes10% NoOther No
Footnotes & amended
- F1
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.
- F2
The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").
- F3
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.25 to $277.22, inclusive. The reporting person undertakes to pro…
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.26 to $278.18, inclusive.
- F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.35 to $279.35, inclusive.
- F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.36 to $280.32, inclusive.
- F8
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.45 to $281.44, inclusive.
- F9
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.47 to $282.22, inclusive.
- F10
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.32 to $280.28, inclusive.
- F11
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.40 to $281.37, inclusive.
- F12
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.46 to $282.43, inclusive.
- F13
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.50 to $283.25, inclusive.
- F14
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $271.69 to $272.68, inclusive.
- F15
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.78 to $273.67, inclusive.
- F16
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.10 to $275.01, inclusive.
- F17
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.00 to $276.99, inclusive.
- F18
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.01 to $277.96, inclusive.
- F19
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.01 to $279.01, inclusive.
- F20
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.09 to $279.91, inclusive.
- F21
The shares are held of record by The SZ 2020 Irrevocable Trust dated November 25, 2020, for which the reporting person serves as an investment advisor.
- F22
Shares subject to the option are fully vested and immediately exercisable.
- F23
Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held of record by the Revocable Trust.
- F24
The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.
- F25
The shares are held of record by The SZ 2023 Irrevocable Trust dated August 29, 2023, for which the reporting person serves as a co-trustee.
- F26
The shares are held of record by The Sutherland/Zatlyn 2024 Annuity Trust III dated November 12, 2024, for which the reporting person serves as co-trustee.
- F27
The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust dated May 23, 2025, for which the reporting person serves as trustee.
- F28
The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust II dated August 15, 2025, for which the reporting person serves as trustee.
- F29
The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust III dated November 11, 2025, for which the reporting person serves as trustee.
- F30
The shares are held of record by The Sutherland/Zatlyn 2026 Annuity Trust dated August 25, 2026, for which the reporting person serves as trustee.
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