Matthew Prince, CEO and Board Co-Chair of Cloudflare, Inc. (NET), executed a series of sales involving 28,031 shares of the company's stock on March 18, 2026. The transactions occurred at an average price of $212.62 per share, totaling approximately $5.96 million.
The reported sales consisted of multiple tranches, with individual sales ranging from 460 to 8,587 shares. These transactions were part of a larger divestiture by Prince on the same date.
Insider sales can be attributed to various personal financial decisions, such as portfolio diversification or tax planning, and do not necessarily indicate a change in the insider's view of the company's future performance.