Michelle Zatlyn, President and Board Co-Chair of Cloudflare, Inc. (NYSE:NET), sold a total of 86,362 shares of Class A Common Stock for approximately $18.3 million from May 22 to May 27, 2026. The transactions were executed under a Rule 10b5-1 trading plan adopted on February 14, 2025.
The shares were sold at prices ranging from $208.45 to $216.24, near the current trading price of $209.22. The stock has returned 29% over the past year, but Bond.az analysis suggests it is currently overvalued.
Ms. Zatlyn also exercised employee stock options to acquire 25,641 shares of Class B Common Stock at $2.04 per share. These were converted to Class A shares. After the sales, she directly holds 360,807 shares.
