Cloudflare Director Carl Ledbetter Sells $1.56M in Stock

Cloudflare director Carl Ledbetter sold Class A Common Stock valued at $1.6 million on September 14, 2026, executing transactions as the cybersecurity firm's shares traded near their 52-week high, according to an Investing.com report.

SEC Filing and Plan Details

The insider sale involved 5,000 shares of Cloudflare Inc Class A Common Stock, according to an SEC Form 4 filing submitted on September 15, 2026. The shares were disposed of at weighted average prices ranging from $309.51 to $313.71 per share.

The transactions were executed pursuant to a pre-arranged Rule 10b5-1 trading plan that Mr. Ledbetter adopted earlier in the year on February 25, 2026. Rule 10b5-1 plans allow corporate insiders to set up a predetermined schedule for buying or selling stocks at a time when they are not in possession of material non-public information, providing a defense against potential insider trading accusations.

Holdings and Ownership Structure

Following the completion of the September transactions, Mr. Ledbetter retains an indirect stake in the company. He indirectly beneficially owns 878,073 shares of Cloudflare Class A Common Stock held through the Carl S. Ledbetter Trust dated February 14, 2020.

Market Performance and Context

As of market close on September 18, 2026, Cloudflare Inc (NET) stock closed at $323.60, marking a 3.10% decline from its previous close of $333.94, according to Finnhub market data. Insider transactions of this scale occur against the backdrop of broader market valuations for the infrastructure and security provider, reflecting scheduled liquidity moves by long-serving directors under compliant trading structures.