Summary by Futu AI
Cloudflare, Inc. officer Michelle Zatlyn is set to sell 278,823 shares of the company's Common Class A stock, with an aggregate market value of approximately $21,084,595, on May 20, 2024. The shares to be sold were acquired through a combination of private transactions and compensation mechanisms, including stock options and restricted stock units, dating back to September 25, 2009. The most recent acquisition of shares occurred on April 19, 2023, as compensation in the form of restricted stock units. This planned sale follows a series of transactions over the past three months, where a total of 602,560 shares were sold for gross proceeds of nearly $59.61 million.