Cloudflare CEO Matthew Prince sells 52,384 shares for $11.7M via 8 transactions on 2026-06-24 under pre-arranged 10b5-1 plan; Class B derivatives remain.
Matthew Prince executed 8 separate sales totaling 52,384 shares for $11,749,771.28 at prices ranging from $221.46 to $228.14, all on 2026-06-24. This filing is part of a pre-arranged 10b5-1 trading plan adopted on 2025-02-11, meaning the sales were scheduled and not discretionary. While Prince's non-derivative holdings fell to zero, he retains 4,296,167 Class B Common Stock shares as derivative holdings, so this represents a scheduled reduction of a specific batch rather than a complete position exit. Prior trades by Prince at Cloudflare show positive outcomes over a 30-day horizon (ranging from +5.6% to +8.0% across 5 recent sales on 2026-05-21), consistent with his cross-ticker track record average of +8.0% over 30 days. The company reported annual revenue growth of +29.8% against the latest quarter revenue of $639,755,000, but remains unprofitable with a full-year net income of $-22,927,000, reflecting an early-stage profitable-trajectory tension in the business.