Cloudflare president Michelle Zatlyn sells $35.2 million in stock

Cloudflare's President Michelle Zatlyn recently sold $35.2 million worth of the company's Class A shares, spanning three days in October 2026. Over that period, Zatlyn disposed of 105,810 shares, purchasing them at prices between $346.3995 and $369.3374. With NET shares trading near their 52-week high of $370.35, the stock has seen a substantial year-to-date increase of nearly 74%.

Zatlyn's sales were structured under a Rule 10b5-1 trading plan she established in February 2026. Simultaneously, she purchased 99,009 shares, acquired via the exercise and conversion of employee stock options, which were exercised at $2.04 per share. These shares were subsequently registered in The Sutherland/Zatlyn Revocable Trust, with Zatlyn serving as co-trustee.

Despite Cloudflare's lack of profitability in the previous year, analysts predict the company will become profitable this year. However, the stock currently appears overvalued, according to InvestingPro analysis. Concurrently with her stock sales, Zatlyn also increased her position in Cloudflare by buying additional shares. She continues to hold a significant stake in the company, both directly and through various trusts, including The Sutherland/Zatlyn Revocable Trust, The SZ 2021 Irrevocable Trust, and others.