CFO Thomas J Seifert sells 10,000 shares for $2.3M at NET via scheduled 10b5-1 plan
Thomas J Seifert, Chief Financial Officer of Cloudflare, executed 8 separate sales totaling 10,000 shares for $2,323,887.22 on 2026-06-17, reducing his non-derivative holdings from 126,733 shares to 116,733 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-11-20, meaning it was scheduled, not discretionary. Seifert retains 57,850 shares in derivative holdings across three ownership vehicles (30,000 stock options and 18,925 plus 8,925 Class B shares), so his overall position remains material. His prior sales at NET on 2026-05-18 showed positive 30-day returns (ranging from +12.2% to +17.4%), and his cross-ticker track record reflects an average 90-day return of +11.8% after sells, though the stock is currently trading at $226.87 against the blended average sale price of $232.39.