Carl Ledbetter is Director at Cloudflare, Inc. (NET). They have made 14 open-market trades across 1 company since 2019, most recently 2026-09-22.
CIK 0001366574
Unrated. We grade insiders only on stock they chose to buy on the open market. Grants, option exercises and vesting say nothing about timing, so they don't count — which is why someone can file often and still have no grade. It isn't a bad sign: unrated buys beat every graded tier below A.
1 open-market purchase totalling $15.0M since 2019, against 13 sales. Too few scored purchases to measure a record yet.
| Ticker | Shares | Value |
|---|---|---|
| NET | 873,073 | $258.5M |
Shares reported on the most recent Form 4, priced at the 2026-09-23 close.
Counted per filing, not per execution lot — a purchase filled in several tranches is one decision.
| Ticker | Type | Traded | Filed | Price | Value | 7d Stock | 30d Stock | 90d Stock |
|---|---|---|---|---|---|---|---|---|
| NET | SELL · 10b5-1 | 2026-09-22 | 2026-09-23 | $353.15 | $1.8M | +2.7% | — | — |
| NET | SELL · 10b5-1 | 2026-09-14 | 2026-09-15 | $312.22 | $1.6M | +7.6% | -2.5% | — |
| NET | SELL · 10b5-1 | 2026-08-06 | 2026-08-06 | $281.98 | $1.4M | -4.0% | -9.5% | — |
| NET | SELL · 10b5-1 | 2026-07-07 | 2026-07-08 | $268.11 | $1.3M | -0.0% | +10.4% | +30.4% |
| NET | SELL · 10b5-1 | 2026-06-01 | 2026-06-02 | $246.06 | $3.7M | -15.4% | -10.3% | +13.1% |
| NET | SELL · 10b5-1 | 2026-05-05 | 2026-05-05 | $238.12 | $3.6M | -16.9% | +13.2% | +19.2% |
| NET | SELL · 10b5-1 | 2026-05-01 | 2026-05-04 | $215.82 | $1.1M | -13.3% | +15.1% | +22.7% |
| NET | SELL · 10b5-1 | 2026-04-28 | 2026-04-30 | $215.85 | $2.2M | -12.2% | +27.2% | +27.1% |
| NET | SELL · 10b5-1 | 2026-03-18 | 2026-03-20 | $227.05 | $3.4M | -5.1% | -5.4% | +3.5% |
| NET | SELL | 2026-01-27 | 2026-01-28 | $211.16 | $3.2M | -6.7% | -7.6% | +12.0% |
| NET | SELL | 2026-01-05 | 2026-01-06 | $198.26 | $1.2M | -7.9% | -18.5% | +5.9% |
| NET | SELL · 10b5-1 | 2025-12-29 | 2025-12-30 | $201.46 | $3.5M | -6.9% | -9.9% | -2.8% |
| NET | SELL · 10b5-1 | 2025-11-17 | 2025-11-17 | $207.92 | $6.2M | +6.8% | +2.1% | +3.3% |
| NET | SELL · 10b5-1 | 2025-10-20 | 2025-10-20 | $210.80 | $5.2M | +4.4% | -8.0% | -16.8% |
| NET | SELL · 10b5-1 | 2025-09-22 | 2025-09-22 | $223.91 | $6.7M | -1.7% | -7.7% | -11.5% |
| NET | SELL · 10b5-1 | 2025-08-25 | 2025-08-26 | $195.83 | $5.3M | +8.2% | +8.3% | -3.7% |
| NET | SELL · 10b5-1 | 2025-07-28 | 2025-07-29 | $199.82 | $5.9M | +2.1% | +6.5% | +12.3% |
| NET | SELL · 10b5-1 | 2025-06-30 | 2025-07-01 | $194.16 | $4.4M | -0.0% | +13.5% | +19.5% |
| NET | SELL · 10b5-1 | 2025-06-17 | 2025-06-18 | $181.57 | $3.6M | +1.5% | +8.3% | +20.3% |
| NET | SELL · 10b5-1 | 2025-06-11 | 2025-06-13 | $181.46 | $450K | +9.7% | +5.0% | +29.0% |
| NET | SELL · 10b5-1 | 2024-06-26 | 2024-06-26 | $79.89 | $1.3M | +4.2% | -1.5% | +7.9% |
| NET | SELL · 10b5-1 | 2024-06-20 | 2024-06-20 | $78.56 | $1.6M | +10.5% | +2.2% | +1.5% |
| NET | SELL · 10b5-1 | 2024-06-12 | 2024-06-13 | $74.48 | $1.2M | +7.6% | +13.3% | +6.7% |
| NET | SELL · 10b5-1 | 2024-06-05 | 2024-06-05 | $68.65 | $4.2M | +11.3% | +24.5% | +11.9% |
| NET | SELL · 10b5-1 | 2024-05-29 | 2024-05-29 | $72.79 | $1.2M | -3.4% | +11.6% | +9.4% |
Grouped by shared companies and similar filing behaviour. This is a similarity measure, not a ranking or a performance signal.