The level of selling is modest relative to market cap and not concentrated among top executives beyond the CAO. No alarm signals, but traders should monitor for follow-up selling in next 30 days, especially from C-suite or co-founders.
Price Chart
Executive Summary
A recent insider trading cluster at Cloudflare shows one open-market sale by Chief Accounting Officer Janel Riley totaling $748,800, along with smaller sales and derivative conversions by other insiders. The only material open-market transaction was a sale, though it represents just 0.11% of market cap and is within typical executive trading ranges.
Key Financial Metrics
Key Facts
- Chief Accounting Officer Janel Riley sold 4,160 shares for $748,800 in open-market transactions.
- President Michelle Zatlyn conducted three non-cash derivative conversions totaling 76,923 shares with no economic value.
- Two other insiders executed small sales or derivative exercises: Mark Hawkins sold $22,426 worth of stock, and John Graham-Cumming exercised options worth $112,694.
- Total open-market selling amounted to $771,226, or 0.0012% of Cloudflare's $65.4B market cap.
- No open-market purchases were reported; all buying activity was through non-cash derivative exercises.
Financial Impact
$771,226 in net open-market selling over 7 days
Risk Factors
- Selling by the Chief Accounting Officer could be perceived as lack of confidence, though likely part of a pre-arranged plan.
- Derivative conversions by co-founder Zatlyn may lead to future selling if shares are later disposed.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (6 trades, 7d window) | cluster-NET-1772758843663 |
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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