Starzak Alissa Michelle sold $276K of NET
Starzak Alissa Michelle (Chief Legal Officer) sold 1,296 shares of Cloudflare, Inc. (NET) at $213.30 ($0.28M 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 confirms an open-market sale of 1,296 shares at $213.30 on May 28, with holdings after transaction of 133,342 shares.
Market read
Traders may monitor for follow-on insider activity, but this specific filing is unlikely to drive a fundamental repricing.
What to watch
10b5-1 plans reduce interpretability; the key is whether future filings show repeated sales outside scheduled windows or larger-than-usual volumes.
Background
The article is an SEC Form 4 insider transaction disclosure for Cloudflare’s Chief Legal Officer.
Ticker impact
Cloudflare CLO Alissa Starzak sold $276K of NET shares via an open-market transaction under a pre-arranged 10b5-1 plan.
Likely limited, short-lived impact; treat as routine 10b5-1 disclosure unless follow-on selling accelerates.
The filing specifies a pre-arranged 10b5-1 plan and a single officer’s sale size ($276K), which historically has weaker causal linkage to near-term price than earnings/guidance events.
Market effects
Minimal; this is company-specific insider disclosure without sector-wide catalyst.
None indicated.
None indicated.
Counterpoint
If this is part of a broader pattern of officer sales (not shown here), it could modestly raise perceived execution/valuation risk.
Key entities
- issuerCloudflare, Inc.
Subject of the SEC Form 4 insider transaction disclosure.
- insiderAlissa Michelle Starzak
Chief Legal Officer who sold shares under a pre-arranged 10b5-1 plan.
