Insider sales are routine post-vesting liquidity events, not informed selling. No bearish signal. Monitor upcoming earnings for any fundamental change, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Cloudflare insiders, including CEO Matthew Prince, President Michelle Zatlyn, and CFO Thomas Seifert, sold a total of $2.25M in open-market shares over a 7-day window. The sales are predominantly tied to derivative exercises and tax withholding, with the dollar value representing ~0.003% of market cap — trivial relative to company size. The cluster is not informative of bearish sentiment.
Key Financial Metrics
Key Facts
- Total open-market sales: $2.25M across 4 insiders (CEO, President, CFO, CAO)
- Sales represent ~0.003% of Cloudflare's $76.9B market cap — immaterial
- CEO Prince sold 1,827 shares for $379K; President Zatlyn sold 5,561 shares for $1.18M
- All sales are tied to derivative exercises (non-cash conversions of restricted stock units)
- No open-market purchases were made by any insider in the cluster
Financial Impact
Total insider sales of $2.25M represent ~0.003% of market cap — trivial
Risk Factors
- Insider sales could accelerate if stock price continues to rise, but no evidence of coordinated bearish view
- No risk from this filing — sales are de minimis
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-1779921275283 |
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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