NET CLO Starzak sells 16,243 shares for $3.5M via scheduled 10b5-1 plan; retains 89,999 option shares
Alissa Michelle Starzak, who was Chief Legal Officer at Cloudflare, executed five separate sales totaling 16,243 shares for $3,510,882.12 on 2026-05-28 under a pre-arranged 10b5-1 trading plan adopted on 2026-02-26. Post-transaction, her non-derivative holdings stand at 118,395 shares, while she retains 89,999 shares via performance stock options, representing her broader equity position in the company. The stock has appreciated 24.5% over the past 30 days and 51.4% over the past 90 days, trading at $270.82 versus a 52-week high of $260.00, although the company remains unprofitable with net income of $-22,927,000.00 in its most recent full fiscal year despite annual revenue growth of 29.8%. This scheduled disposition of non-derivative shares does not reflect discretionary timing but rather pre-established contractual execution.