This is a planned, pre-arranged sale under a 10b5-1 plan and not necessarily a negative signal; however, traders should monitor for actual execution of sales, particularly around earnings or other catalysts. Given the director-level seller and moderate size, it may contribute to near-term selling pressure if completed in bulk.
Price Chart
Executive Summary
John Graham-Cumming, a director at Cloudflare, filed a Form 144 to notify intent to sell up to 8,684 shares of common stock, valued at approximately $1.76 million based on recent prices. The shares were acquired through stock options and restricted stock units as part of compensation, with the proposed sales conducted under a Rule 10b5-1 trading plan established in May 2025.
Key Facts
- Reporting owner: John Graham-Cumming, Cloudflare director
- Number of shares proposed for sale: 8,684
- Approximate value of shares: $1,763,025.68 (based on $203/share)
- Shares acquired via: Stock options (8,560) and RSUs (11,244) as compensation
- Sales to be executed under a Rule 10b5-1 plan established on May 28, 2025
- Broker: Goldman Sachs & Co. LLC
Financial Impact
$1.76 million in potential insider selling
Risk Factors
- Potential for increased selling pressure if shares are sold rapidly
- Perception of insider sentiment, despite the pre-scheduled nature of the plan
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001958244-26-000176 |
| Document: 0001958244-26-000176-index.html | 0001958244-26-000176 |
| Document: 0001958244-26-000176.txt | 0001958244-26-000176 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $324.65 $352.33 | ▲ +8.53% | ▲ +5.96% | $349.07 (+7.52%) |
Sep 15, 2026 16d ago | Insider Cluster | $324.65 $352.33 | ▲ +8.53% | ▲ +5.96% | $349.07 (+7.52%) |
Sep 2, 2026 4w ago | Court Ruling | $272.74 $311.17 | ▲ +14.09% | ▲ +15.05% | $349.07 (+27.99%) |
Aug 21, 2026 5w ago | Insider Cluster | $280.35 $305.11 | ▲ +8.83% | ▲ +8.36% | $349.07 (+24.51%) |
Aug 19, 2026 6w ago | Insider Cluster | $278.91 $308.23 | ▲ +10.51% | ▲ +9.40% | $349.07 (+25.16%) |
Aug 19, 2026 6w ago | Insider Cluster | $278.91 $308.23 | ▲ +10.51% | ▲ +9.40% | $349.07 (+25.16%) |
Aug 13, 2026 7w ago | 8-K | $315.78 $293.14 | ▼ −7.17% | ▼ −5.80% | $349.07 (+10.54%) |
Aug 11, 2026 7w ago | Insider Cluster | $311.45 $291.88 | ▼ −6.28% | ▼ −5.84% | $349.07 (+12.08%) |
Aug 6, 2026 8w ago | Insider Cluster | $300.27 $315.78 | ▲ +5.17% | ▲ +4.77% | $349.07 (+16.25%) |
Aug 5, 2026 8w ago | Insider Cluster | $284.43 $330.83 | ▲ +16.31% | ▲ +15.10% | $349.07 (+22.73%) |
US Market Status
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