SEC Form 4 · accession 0001979391-26-000015

Cloudflare, Inc. · NET

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Janel Riley

Officer — Chief Accounting Officer

Period of report

Aug 17, 2026

Accepted (ET)

Aug 19, 2026 · 5:37 pm EDT

Rule 10b5-1 plan

yes — trade under a plan

Issuer CIK

0001477333

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Class A Common Stock	Aug 17, 2026	M	1,667	$67.79	A	46,695	D
Class A Common Stock^F2	Aug 17, 2026	S	395	$307.3823	D	46,300	D
Class A Common Stock^F3	Aug 17, 2026	S	332	$308.4585	D	45,968	D
Class A Common Stock^F4	Aug 17, 2026	S	140	$309.6436	D	45,828	D
Class A Common Stock^F5	Aug 17, 2026	S	180	$310.8156	D	45,648	D
Class A Common Stock^F6	Aug 17, 2026	S	190	$311.6379	D	45,458	D
Class A Common Stock^F7	Aug 17, 2026	S	160	$313.4053	D	45,298	D
Class A Common Stock^F8	Aug 17, 2026	S	270	$314.4187	D	45,028	D
Class A Common Stock^F9	Aug 18, 2026	S	267	$302.6209	D	44,761	D
Class A Common Stock^F10	Aug 18, 2026	S	898	$303.8114	D	43,863	D
Class A Common Stock^F11	Aug 18, 2026	S	1,216	$304.7656	D	42,647	D
Class A Common Stock^F12	Aug 18, 2026	S	600	$306.5783	D	42,047	D
Class A Common Stock^F13	Aug 18, 2026	S	500	$308.92	D	41,547	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Stock Option (right to buy)^F14	$67.79	Aug 17, 2026	M	1,667	D	—	Aug 6, 2033	Class A Common Stock	1,667	71,668	D

Explanation of responses

F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 24, 2025.
F10The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $303.485 to $304.385, inclusive.
F11The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $304.59 to $305.00, inclusive.
F12The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $306.12 to $307.085, inclusive.
F13The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $308.57 to $309.32, inclusive.
F14The remaining shares subject to the option vest quarterly beginning on November 15, 2026.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $306.93 to $307.685, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (13) to this Form 4.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $307.98 to $308.97, inclusive.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $309.0575 to $309.795, inclusive.
F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $310.285 to $311.24, inclusive.
F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $311.375 to $311.93, inclusive.
F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $312.76 to $313.735, inclusive.
F8The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $314.215 to $314.49, inclusive.
F9The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.41 to $303.31, inclusive.