The insider sales are too small relative to Cloudflare's $85.5B market cap to warrant a directional read. All sales follow derivative exercises, consistent with routine tax and diversification planning. Monitor for any larger open-market sales by the CEO or President in the next 30 days, but this cluster alone does not signal deteriorating fundamentals.
Price Chart
Executive Summary
Three Cloudflare insiders — CEO Matthew Prince, President Michelle Zatlyn, and CLO Alissa Starzak — sold a total of $2.28M in open-market shares over a 7-day window. The sales are tied to derivative exercises (non-cash events) and represent ~0.003% of Cloudflare's $85.5B market cap, making them trivial in proportional terms. The cluster is dominated by the President's $1.63M sale, but the pattern aligns with routine post-vesting diversification rather than a coordinated bearish signal.
Key Financial Metrics
Key Facts
- Total open-market sales: $2.28M across 3 insiders (CEO, President, CLO)
- President Michelle Zatlyn sold $1.63M (71% of total) on May 26-27 at ~$208-209
- CEO Matthew Prince sold $379K on May 21 at $207.40
- CLO Alissa Starzak sold $276K on May 28 at $213.30
- All sales were preceded by derivative exercises at $0 or $77.70 strike — non-cash events
- Total sales represent ~0.003% of Cloudflare's $85.5B market cap — well below the 0.1% materiality threshold
- Historical calibration shows score=2 reports on NET have a 67% win rate at T+20
Financial Impact
Total insider sales of $2.28M represent ~0.003% of market cap — trivial
Risk Factors
- Insider sales may increase if the stock continues to appreciate, but this is normal post-vesting behavior
- No evidence of coordinated bearish information — all sales are sub-$2M and sub-0.1% of market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NET-1780355774852 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $324.65 $352.33 | ▲ +8.53% | ▲ +5.96% | $351.33 (+8.22%) |
Sep 15, 2026 16d ago | Insider Cluster | $324.65 $352.33 | ▲ +8.53% | ▲ +5.96% | $351.33 (+8.22%) |
Sep 2, 2026 4w ago | Court Ruling | $272.74 $311.17 | ▲ +14.09% | ▲ +15.05% | $351.33 (+28.81%) |
Aug 21, 2026 5w ago | Insider Cluster | $280.35 $305.11 | ▲ +8.83% | ▲ +8.36% | $351.33 (+25.32%) |
Aug 19, 2026 6w ago | Insider Cluster | $278.91 $308.23 | ▲ +10.51% | ▲ +9.40% | $351.33 (+25.96%) |
Aug 19, 2026 6w ago | Insider Cluster | $278.91 $308.23 | ▲ +10.51% | ▲ +9.40% | $351.33 (+25.96%) |
Aug 13, 2026 7w ago | 8-K | $315.78 $293.14 | ▼ −7.17% | ▼ −5.80% | $351.33 (+11.26%) |
Aug 11, 2026 7w ago | Insider Cluster | $311.45 $291.88 | ▼ −6.28% | ▼ −5.84% | $351.33 (+12.80%) |
Aug 6, 2026 8w ago | Insider Cluster | $300.27 $315.78 | ▲ +5.17% | ▲ +4.77% | $351.33 (+17.00%) |
Aug 5, 2026 8w ago | Insider Cluster | $284.43 $330.83 | ▲ +16.31% | ▲ +15.10% | $351.33 (+23.52%) |
US Market Status
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