Carl Ledbetter

Director Carl Ledbetter sells 15,000 shares ($3.7M) at NET via scheduled 10b5-1 plan on 2026-06-01

Carl Ledbetter, a Director, executed 5 separate sales totaling 15,000 shares for $3,690,929.42 through a pre-arranged 10b5-1 trading plan adopted on 2025-02-14. The sales reduced his holdings from 908,073 shares to 893,073 shares, a -1.7% net change. Since the plan is scheduled rather than discretionary, the transaction reflects an automated execution rather than a discretionary decision responding to current market conditions. His prior open-market sales across all tickers show an average 90-day return of -0.3%, while his ticker-specific history at NET spans 5 prior sales with mixed subsequent performance (90-day returns ranging from -0.2% to +12.0%). The company reported FY revenue growth of +29.8% but remains unprofitable, with net income of $-22,927,000.00 over its most recent full fiscal year.

Director Carl Ledbetter sells $3.6M in Cloudflare shares as stock recovers from lows

Carl Ledbetter, a Cloudflare director, sold approximately 15,000 shares in a transaction totaling $3.6 million on May 5, 2026. The timing is noteworthy: the sale occurs as the stock has recovered significantly from its lows and is now trading about 11% below its recent highs—a period when directors often take profits after a meaningful rebound. Ledbetter's track record shows minimal prior trading activity (just one prior sale), so this is not a habitual seller, which adds some weight to the decision to liquidate. However, the company's fundamentals present a complicating picture: despite strong revenue growth, Cloudflare remains unprofitable on both annual and quarterly measures, making this sale during a price recovery potentially a prudent move to diversify rather than a vote of no confidence in the business. The sale size relative to his remaining holdings is modest at roughly 1.6%, suggesting he retains meaningful exposure to the company's future.

Director Ledbetter sells 5,009 NET shares for ~$1.1M; stock down 26% from 52-week high; sixth director sale at this ticker in 36 months.

Carl Ledbetter, a Cloudflare board member, sold approximately 5,000 shares for $1.1 million—a modest 0.5% reduction from his holdings. The stock is currently trading well below its 52-week high, having declined significantly from that peak. This is Ledbetter's sixth open-market sale at Cloudflare over the past three years, extending a pattern of consistent selling activity; across all his holdings, he has conducted 118 open-market sales versus zero purchases in the same 36-month window. His prior five sales at this ticker showed universally well-timed exits at the 30-day mark, with shares falling in every case after he sold. However, timing deteriorates over longer horizons: at 90 days, his prior sells split between well-timed and poorly-timed outcomes, suggesting the stock tends to recover some losses after an initial dip. Cloudflare remains unprofitable on an annual basis despite strong revenue growth, creating a mixed fundamental backdrop where Ledbetter's continued selling may reflect neither conviction nor capitulation, but rather a board director maintaining a steady course of liquidating equity compensation over time. The fact that this sale follows another by just days suggests routine portfolio discipline rather than urgent concern.

Cloudflare director Carl Ledbetter sells ~10k shares worth $2.16M, liquidating a small portion of holdings.

Carl Ledbetter, a Cloudflare director, sold nearly 10,000 shares in a single transaction, reducing his stake by just over 1%. While the dollar value is material at $2.16 million, the modest percentage of total holdings suggests portfolio rebalancing or personal liquidity needs rather than a crisis-level exit. The timing is notable: Cloudflare's stock is trading noticeably below its recent highs and has recovered meaningfully over the past three months, which could reflect a director taking advantage of the rally to lighten a position without panic. Set against the company's unprofitable fundamentals—persistent net losses despite strong revenue growth—the modest sale size suggests Ledbetter isn't fleeing entirely, but it's worth monitoring whether additional directors follow suit or whether this reflects confidence that recent momentum is sustainable at current levels.

Director Ledbetter sold 15,000 NET shares at $227.05 on 2026-03-18; stock down -15.0% from 52-week high, unprofitable company.

Carl Ledbetter, a Director, sold 15,000 shares at $227.05, reducing his holdings from 953,073 shares to 938,073 shares (a -1.6% reduction). The sale occurred at a price that is -15.0% below the 52-week high of $253.30, and Cloudflare's stock has declined -17.5% and -17.9% in the 30 days following Ledbetter's two most recent prior sales on 2026-01-27. At the company level, Cloudflare remains unprofitable (full-year net income was negative) despite strong 29.8% annual revenue growth, creating a fundamental backdrop of growth without earnings. The stock's 30-day momentum (+12.5%) and 90-day momentum (+10.1%) suggest recent recovery from deeper losses, but none of Ledbetter's 5 prior trades at this ticker had measurable 90-day outcomes yet, limiting the ability to assess his historical timing precision specifically at NET.

Cloudflare director Carl Ledbetter sells 15,000 shares (15.0K shares) at $211.16 blended average, stock now -27.0% from 52-week high

Carl Ledbetter, a director at Cloudflare, executed 3 separate sales on 2026-01-27 totaling 15,000 shares for $3,167,414.49. The blended average transaction price of $211.16 represents a significant premium to the current price of $184.88, with the stock now trading -27.0% from its 52-week high of $253.30 and down -7.9% over the last 30 days. The sale reduces his holdings by 1.5% to 953,073 shares, leaving him with substantial remaining exposure. Across his broader trading history, Ledbetter's prior sells achieved a 100.00% well-timed rate at the 90-day mark, though his immediate prior activity at Cloudflare (5 recent trades through 2026-01-27) is too recent to show measurable outcomes. The company remains unprofitable despite 28.8% annual revenue growth, which may provide context for institutional positioning during this period.

Director Carl Ledbetter sold 6,134 shares of Cloudflare at $198.26 avg; maintains 968,073 shares post-sale.

Director Carl Ledbetter executed 3 separate sales totaling 6,134 shares for $1,216,136.26 on 2026-01-05, representing a 0.6% reduction in his 974,207-share position. The sales occurred at prices ranging from $196.92 to $199.29, near the current market price of $198.00 and well below the 52-week high of $253.30. His cross-ticker track record shows 20 prior sells with a 66.67% well-timed rate (negative 90d returns), but at Cloudflare specifically, his 5 prior trades show zero measurable 90-day outcomes; the most recent sales on 2025-12-29 and 2025-12-30 preceded this filing by one week. The company generated $562,027,000 in quarterly revenue with 28.8% annual growth but remains unprofitable, posting negative net income of $-1,290,000 in the latest quarter. Ledbetter's ongoing sales activity across consecutive trading days, combined with the company's lack of profitability despite strong revenue growth, merit investor scrutiny of both the insider's liquidity patterns and the business fundamentals driving his decisions.

Director Ledbetter sells 8.9K shares at $201.46 avg for $1.8M; retains 974.2K shares

Carl Ledbetter, a Director at Cloudflare, executed 3 separate sales totaling 8,866 shares (8.9K shares) for $1,786,141.34 ($1.8M) on 2025-12-29 and 2025-12-30, with a blended average price of $201.46. His post-transaction holdings of 974.2K shares represent a -0.9% reduction versus pre-transaction levels, indicating a minor stake adjustment rather than a significant exit. Notably, his 5 prior trades at NET (all on 2025-11-17) have shown consistent negative 30-day returns ranging from -7.7% to -9.6%, with timing outcomes at the 90-day mark not yet measurable. Cross-ticker, his track record shows a 50.00% well-timed sell rate across 20 prior sales, but his recent activity at NET has not yet demonstrated positive timing results. The stock currently trades at $199.62, down 21.2% from its 52-week high of $253.30 and down 8.0% over 90 days, indicating a pullback from peak valuations.

Director Carl Ledbetter sold 15,000 shares (1.5% of holdings) at $207.30–$211.87 on Nov 17, 2025 for $3.1M

Carl Ledbetter, a director at Cloudflare, executed 5 separate sales totaling 15,000 (15.0K shares) for $3,119,400.32 on 2025-11-17 at prices ranging from $207.30 to $211.87, reducing his stake from 998,073 to 983,073 shares (a -1.5% net change). The sales occurred at a blended average price of $207.96, versus the current price of $202.25, representing a -2.8% difference from transaction prices. Cloudflare's financials show recent weakness: the company posted a $-1.3M net loss in the latest quarter despite $562.0M revenue growth of +28.8% year-over-year, indicating profitability challenges despite strong top-line growth. Ledbetter's prior 5 trades at NET included 3 sales on 2025-10-20 (outcomes not yet measurable) and 2 sales on 2025-09-22 that showed 30-day declines of -5.6% and -6.5%, suggesting modest near-term downside after those earlier sells, though longer-term outcomes at the 90-day horizon remain incomplete for most of his NET-specific history.

Director Carl Ledbetter sold 15,000 NET shares across 3 transactions for $3,159,809.12 at $210.65 blended average

Director Carl Ledbetter executed 3 separate sales totaling 15,000 shares for $3,159,809.12 on 2025-10-20, reducing his holdings by 1.5% to 998,073 shares. The sale occurred at a blended average price of $210.65, modestly below the current price of $213.04. While Ledbetter's cross-ticker track record shows 20 prior sells with a 90-day well-timed rate of 27.27%, his prior sales at NET have produced positive 30-day returns (+11.1% and +10.7% on the 2025-08-25 sales), suggesting recent stock momentum. Cloudflare remains unprofitable (net income of $-50,446,000.00 in the latest quarter) despite 28.8% annual revenue growth, reflecting execution challenges in a high-growth but currently loss-making business. The sale's modest size relative to his total holdings and recent timing context provide limited directional signal without additional context on Ledbetter's broader capital allocation decisions.