Cloudflare director Carl Ledbetter sells $1.52m in stock

On October 19, 2026, Carl Ledbetter, a director at Cloudflare, Inc., sold 5,000 shares of the company's Class A common stock, generating a total of $1,521,993. The shares were sold at prices between $303.015 and $306.065 per share, as part of a Rule 10b5-1 trading plan initiated by Ledbetter on February 25, 2026. This insider sale occurred amidst Cloudflare's stock experiencing considerable volatility, falling 15% in the preceding week while still rising 48% over the past six months.

According to InvestingPro, the stock seems overvalued relative to its Fair Value, with the company boasting a market capitalization of $105.5 billion and robust revenue growth of 34%. Ledbetter indirectly owns 868,073 shares of Cloudflare Class A common stock through the trust, which he manages as a trustee. Following these transactions, Ledbetter indirectly holds 868,073 shares of Cloudflare Class A common stock via the trust.