NET Cloudflare, Inc.
Price Chart
Executive Summary
Cloudflare CEO Prince Matthew, CFO Thomas Seifert, and CAO Janel Riley sold a total of ~$1.31M in open-market shares over a 7-day window ending May 19, 2026. The CEO's sales follow derivative conversions and a large tax-withholding event on May 15, while the CFO's sale is minimal ($19K). The total open-market sales represent ~0.002% of Cloudflare's $74.3B market cap — a trivial amount that is routine for liquidity and tax planning, not a bearish signal.
Key Financial Metrics
Actionable Insight
The insider selling is immaterial in both dollar value and proportion to market cap. The CEO's sales follow routine derivative conversions and a large tax-withholding event, not a coordinated bearish signal. No action warranted; monitor for any material change in insider buying patterns or upcoming earnings guidance.
Key Facts
- CEO Prince Matthew sold 6,765 shares for ~$1.38M across May 19-21, following derivative conversions of 52,384 shares each day (non-cash).
- CAO Janel Riley sold 3,481 shares for ~$673K on May 18.
- CFO Thomas Seifert sold only 100 shares for ~$19K on May 18, following derivative exercises of 10,000 shares (non-cash).
- Total open-market sales of ~$1.31M represent ~0.002% of Cloudflare's $74.3B market cap — well below the 0.1% materiality threshold.
- The CEO's sales are consistent with a routine sell-to-cover pattern after large derivative conversions; the CFO's sale is negligible.
- No insider purchases were made during the cluster window.
Financial Impact
Total open-market sales of ~$1.31M, or ~0.002% of market cap — trivial.
Risk Factors
- CEO's continued derivative conversions could lead to further routine selling, but no material overhang.
- No insider buying to offset the selling, but the selling is too small to be informative.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NET-1779403136766 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 8, 2026
4d ago
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Insider Cluster
| $247.54 awaiting T+1 | awaiting T+1 | — | $228.48 (−7.70%) |
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Jun 1, 2026
11d ago
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Insider Cluster
| $272.66 $265.33 | ▼ −2.69% | ▼ −2.00% | $228.48 (−16.20%) |
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Jun 1, 2026
11d ago
|
144
| $272.66 $265.33 | ▼ −2.69% | ▼ −2.00% | $228.48 (−16.20%) |
|
May 31, 2026
12d ago
|
ANALYST-UPGRADE
| $166.88 $163.05 | ▼ −2.30% | ▼ −1.07% | $228.48 (+36.91%) |
|
May 27, 2026
16d ago
|
Insider Cluster
| $228.11 $241.82 | ▲ +6.01% | ▲ +5.77% | $228.48 (+0.16%) |
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May 21, 2026
22d ago
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Insider Cluster
| $216.17 $217.54 | ▲ +0.63% | ▲ +0.05% | $228.48 (+5.69%) |
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May 19, 2026
24d ago
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Insider Cluster
| $210.13 $212.65 | ▲ +1.20% | ▲ +1.00% | $228.48 (+8.73%) |
|
May 15, 2026
28d ago
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ANALYST-UPGRADE
| $190.13 $197.38 | ▲ +3.81% | ▲ +3.56% | $228.48 (+20.17%) |
|
May 1, 2026
6w ago
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ANALYST-UPGRADE
| $166.88 $163.05 | ▼ −2.30% | ▼ −1.07% | $228.48 (+36.91%) |
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May 1, 2026
6w ago
|
Insider Cluster
| $217.50 $224.17 | ▲ +3.07% | ▲ +3.41% | $228.48 (+5.05%) |
US Market Status
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