Summary by Futu AI
Cloudflare Inc's Officer, Thomas J Seifert, is set to sell 28,634 shares of common stock on 05/20/2024, as per the latest filing. The shares to be sold have an aggregate market value of approximately $2,154,135.82. Seifert acquired these shares through restricted stock units and the exercise of stock options on 05/15/2024 and 05/20/2024, with a total of 19,634 shares obtained from the issuer on the former date and 15,000 shares on the latter through cash payment. This planned transaction follows a history of sales over the past three months, where Seifert sold a total of 170,000 shares, amounting to gross proceeds of $15,431,470.50. The notice for the upcoming sale was given on the same day as the planned sale date, with the initial plan adoption or instruction given on 11/27/2023.