Cloudflare director Ledbetter sells $3.16 million in stock

Director Carl Ledbetter of Cloudflare, Inc. (NYSE:NET) sold a total of 14,999 shares of Class A Common Stock on October 20, 2025. The transaction comes as the company’s stock has shown remarkable performance, delivering a 131% return over the past year and currently trading near $213, close to its 52-week high of $230. The sales were executed in three separate transactions, with prices ranging from $209.9092 to $211.7595, resulting in total proceeds of approximately $3.16 million.

Specifically, Ledbetter sold 5,100 shares at a weighted average price of $209.9092, 7,562 shares at a weighted average price of $210.8144 and 2,338 shares at a weighted average price of $211.7595.

Following these transactions, Ledbetter indirectly holds 998,073 shares through the Carl S. Ledbetter Trust dated February 14, 2020, for which he serves as trustee, and directly holds 19,599 shares.

The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2025.

In other recent news, Cloudflare, Inc. has been active with several strategic initiatives. The company announced a collaboration with major payment networks, including Visa, Mastercard, and American Express, to develop an authentication layer for AI-powered shopping through the Trusted Agent Protocol. This initiative aims to enhance security for merchants interacting with AI shopping agents. Additionally, Cloudflare has launched new solution bundles for its PowerUP Partner Program, designed to help partners deliver consolidated security and management services as organizations deploy more applications and AI workloads.

In another development, Cloudflare has partnered with UNICEF’s Giga initiative to track global school connectivity. This partnership will involve conducting up to 10 million monthly availability tests using Cloudflare’s Speed Test solution to improve internet access in underserved communities. Furthermore, Cloudflare plans to launch NET Dollar, a U.S. dollar-backed stablecoin, to facilitate instant and secure transactions for AI-driven web activities. These initiatives reflect Cloudflare’s ongoing efforts to innovate and expand its reach across various sectors.

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