NET · Cloudflare, Inc. · Insider Trading
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-09-15 | SEIFERT THOMAS J |
Chief Financial Officer |
Tax↓
Filing footnotes — Class A Common Stock (Direct)
The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs. |
Class A Common Stock
|
2,944 |
| 2026-09-14 | Ledbetter Carl |
Director |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 25, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $310.50 to $310.59, inclusive. The shares are held of record by the Carl S. Ledbetter Trust dated February 14, 2020, for which the reporting person serves as a trustee. |
Class A Common Stock
(I)
|
440 |
| 2026-09-14 | Ledbetter Carl |
Director |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 25, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $312.30 to $313.29, inclusive. The shares are held of record by the Carl S. Ledbetter Trust dated February 14, 2020, for which the reporting person serves as a trustee. |
Class A Common Stock
(I)
|
2,400 |
| 2026-09-14 | Ledbetter Carl |
Director |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 25, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $313.475 to $313.865, inclusive. The shares are held of record by the Carl S. Ledbetter Trust dated February 14, 2020, for which the reporting person serves as a trustee. |
Class A Common Stock
(I)
|
1,200 |
| 2026-09-14 | Ledbetter Carl |
Director |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 25, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $309.26 to $310.11, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4) through (6) to this Form 4. The shares are held of record by the Carl S. Ledbetter Trust dated February 14, 2020, for which the reporting person serves as a trustee. |
Class A Common Stock
(I)
|
960 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.10 to $275.01, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
2,202 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.09 to $279.91, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
5,489 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Convert↑
Filing footnotes — Class B Common Stock (Direct)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. |
Class B Common Stock
|
33,003 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Convert↓
Filing footnotes — Employee Stock Option (right to buy) (Direct)
Shares subject to the option are fully vested and immediately exercisable. |
Employee Stock Option (right to buy)
|
33,003 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.01 to $277.96, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
4,823 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.00 to $276.99, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
1,387 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Other↓
Filing footnotes — Class B Common Stock (Direct)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held of record by the Revocable Trust. |
Class B Common Stock
|
33,003 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.78 to $273.67, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
2,428 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Other↑
Filing footnotes — Class A Common Stock (Indirect)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
33,003 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $271.69 to $272.68, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
1,713 |
| 2026-09-08 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.01 to $279.01, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
14,961 |
| 2026-09-04 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.46 to $282.43, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
17,603 |
| 2026-09-04 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.32 to $280.28, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
2,753 |
| 2026-09-04 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Convert↓
Filing footnotes — Employee Stock Option (right to buy) (Direct)
Shares subject to the option are fully vested and immediately exercisable. |
Employee Stock Option (right to buy)
|
33,003 |
| 2026-09-04 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Other↓
Filing footnotes — Class B Common Stock (Direct)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held of record by the Revocable Trust. |
Class B Common Stock
|
33,003 |
| 2026-09-04 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.40 to $281.37, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
7,843 |
| 2026-09-04 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.50 to $283.25, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
4,804 |
| 2026-09-04 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Convert↑
Filing footnotes — Class B Common Stock (Direct)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. |
Class B Common Stock
|
33,003 |
| 2026-09-04 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Other↑
Filing footnotes — Class A Common Stock (Indirect)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
33,003 |
| 2026-09-03 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.45 to $281.44, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
6,177 |
| 2026-09-03 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.47 to $282.22, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
2,210 |
| 2026-09-03 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.35 to $279.35, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
5,396 |
| 2026-09-03 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Other↓
Filing footnotes — Class B Common Stock (Direct)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held of record by the Revocable Trust. |
Class B Common Stock
|
33,003 |
| 2026-09-03 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Other↑
Filing footnotes — Class A Common Stock (Indirect)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
33,003 |
| 2026-09-03 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.25 to $277.22, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (20) to this Form 4. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
7,203 |
| 2026-09-03 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Convert↑
Filing footnotes — Class B Common Stock (Direct)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. |
Class B Common Stock
|
33,003 |
| 2026-09-03 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.36 to $280.32, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
4,744 |
| 2026-09-03 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Convert↓
Filing footnotes — Employee Stock Option (right to buy) (Direct)
Shares subject to the option are fully vested and immediately exercisable. |
Employee Stock Option (right to buy)
|
33,003 |
| 2026-09-03 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.26 to $278.18, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
7,273 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.21 to $279.05, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
5,624 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.2275 to $280.20, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
5,259 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Other↓
Filing footnotes — Class B Common Stock (Direct)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held of record by the Revocable Trust. |
Class B Common Stock
|
33,003 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.27 to $280.85, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
956 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Convert↑
Filing footnotes — Class B Common Stock (Direct)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. |
Class B Common Stock
|
33,003 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
90 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Convert↓
Filing footnotes — Employee Stock Option (right to buy) (Direct)
Shares subject to the option are fully vested and immediately exercisable. |
Employee Stock Option (right to buy)
|
33,003 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.19 to $277.19, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
4,236 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.11 to $275.11, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
2,206 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Other↑
Filing footnotes — Class A Common Stock (Indirect)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
33,003 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.175 to $276.16, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
8,990 |
| 2026-08-21 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.20 to $278.17, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
5,642 |
| 2026-08-20 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.58 to $283.55, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
7,007 |
| 2026-08-20 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $284.61 to $285.61, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
8,467 |
| 2026-08-20 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Convert↑
Filing footnotes — Class B Common Stock (Direct)
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. |
Class B Common Stock
|
33,003 |
| 2026-08-20 | Zatlyn Michelle |
Director, President and Board Co-Chair |
Sell↓
Filing footnotes — Class A Common Stock (Indirect)
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.62 to $286.57, inclusive. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
Class A Common Stock
(I)
|
3,109 |