Starzak Alissa Michelle sold $3.5M of NET
Starzak Alissa Michelle (Chief Legal Officer) sold 16,243 shares of Cloudflare, Inc. (NET) at an average of $216.15 ($213.30–$218.13, $3.51M total) across 5 trades on 2026-05-28 under a Rule 10b5-1 trading plan.
How this was made
The 30-second read
Why it matters
The filing provides fresh data on insider holdings, which some traders use to gauge sentiment.
Market read
New insider sale information for Cloudflare; modest relevance for short‑term traders.
What to watch
The 10b5‑1 plan indicates the transaction was pre‑scheduled, reducing the informational value of the sale.
Background
SEC Form 4 filing discloses insider transactions for public companies.
Ticker impact
Chief Legal Officer sold 16,243 shares for $3.51M via a 10b5‑1 plan on 2026‑05‑28
likely pressure as the market prices in the insider sell
The sale size ($3.5M) is material for an insider but not large enough to drive a sharp move; investors may view it as a neutral to slightly negative signal.
Market effects
Minimal impact on the broader cybersecurity sector.
No significant regional effect.
Limited to investors tracking insider activity.
Counterpoint
The sale could be routine portfolio rebalancing under a pre‑arranged plan, not a negative signal.
Key entities
- CompanyCloudflare, Inc.
Cybersecurity and web performance services provider.
- PersonStarzak Alissa Michelle
Chief Legal Officer of Cloudflare.





