Cloudflare Director John Graham-Cumming's Stock Option Exercise and Share Sales

This Form 4 filing reports transactions by Cloudflare, Inc. director John Graham-Cumming on June 15, 2026. The director exercised stock options to acquire 2,520 shares of Class A Common Stock at an exercise price of $44.72 per share. Concurrently, he sold a total of 2,520 shares through multiple transactions at weighted average prices ranging from $231.60 to $238.52 per share. The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on May 28, 2025, which allows for pre-planned stock sales to avoid insider trading concerns. Following these transactions, the director's holdings decreased from 496,587 shares to 494,067 shares of Class A Common Stock, while retaining 5,040 stock options. The filing includes a power of attorney authorizing company representatives to file future Section 16 reports on the director's behalf.