Starzak Alissa Michelle sold $315K of NET
Starzak Alissa Michelle (Chief Legal Officer) sold 1,442 shares of Cloudflare, Inc. (NET) at $218.13 ($0.31M total) on 2026-05-28 under a Rule 10b5-1 trading plan.
How this was made
The 30-second read
Why it matters
The disclosure provides incremental sentiment information but does not, by itself, change Cloudflare’s fundamentals or guidance.
Market read
Traders may monitor for clustering of insider sales, but this specific event is unlikely to drive a sustained repricing due to 10b5-1 context.
What to watch
Consider whether there were multiple insider transactions around the same window, and whether the sale size is large relative to the executive’s remaining holdings (here, holdings remain substantial at 118,395 shares).
Background
SEC Form 4 insider transaction: officer/direct sale of issuer shares; 10b5-1 indicates pre-arranged trading under SEC rules.
Ticker impact
Cloudflare CLO Alissa Starzak sold $314,550 of NET shares in an open-market transaction under a pre-arranged 10b5-1 plan.
Limited immediate impact; any reaction likely fades unless accompanied by unusual volume or additional insider activity.
The filing is a routine officer sale with explicit 10b5-1 plan disclosure, reducing interpretive weight versus discretionary selling.
Market effects
Minimal; this is company-specific insider transaction with no stated operational/regulatory catalyst.
None indicated.
None indicated.
Counterpoint
Because the sale is on a pre-arranged 10b5-1 plan, it may be mechanically scheduled and not bearish; traders may ignore it unless follow-on selling accelerates.
Key entities
- issuerCloudflare, Inc.
Subject of the Form 4 insider sale (NET).
- insiderAlissa Michelle Starzak
Chief Legal Officer who sold 1,442 NET shares on May 28 under a 10b5-1 plan.
