Cloudflare CFO Sells Nearly 13,000 Shares for $3.6 Million
On July 15 and 17, Cloudflare's Chief Financial Officer Thomas J. Seifert sold nearly 12,943 shares of the company (ticker: NET) in a transaction valued at approximately $3.6 million. The sale was conducted under a Rule 10b5-1 trading plan established on November 20, 2025, indicating it is part of a structured liquidity event rather than an impulsive market decision. The shares were sold through the exercise of stock options and included additional withheld shares to cover tax obligations from vested restricted stock units (RSUs). Post-transaction, Seifert still holds approximately ~114,000 directly held shares and 92,337 indirectly held shares across various entities. His remaining equity stake is valued at around $57.2 million based on the July 17 closing price of $277.66. Cloudflare's stock closed at $272.46 as of July 16 and has delivered a total return of about 45% over the past year, despite reporting a net loss in its trailing twelve months (TTM). The company continues to grow with TTM revenue reaching $2.3 billion.
Tickers: $NET