Douglas James Kramer, Chief Legal Officer at Cloudflare, Inc. (NET), sold 18,000 shares at $197.10 ($3.6M) on 2026-01-02, disclosed to the SEC on 2026-01-06.
Seasonal sale ($3.6M) by Chief Legal Officer — this insider has traded NET in January in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $197.10 | 2,668 | $526K | 14.7% |
| 2 | $197.10 | 2,668 | $526K | 14.7% |
| 3 | $198.03 | 1,440 | $285K | 8.0% |
| 4 | $198.03 | 1,440 | $285K | 8.0% |
| 5 | $199.31 | 3,370 | $672K | 18.8% |
| 6 | $199.31 | 3,370 |
| $672K |
| 18.8% |
| 7 | $199.83 | 1,522 | $304K | 8.5% |
| 8 | $199.83 | 1,522 | $304K | 8.5% |
| Total | $198.54 avg | 18,000 | $3.6M | 100% |
| Filing → |
| NET | SELL | 2025-11-05 | $1.5M | — | Filing → |
| NET | SELL | 2025-10-01 | $3.8M | — | Filing → |
| NET | SELL | 2025-09-04 | $606K | — | Filing → |