Summary by Futu AI
Cloudflare, Inc. officer Douglas Kramer is set to sell 3,000 shares of common stock on October 2, 2024, according to a recent filing. The shares, valued at an aggregate market price of $236,610, were acquired on the same date through a stock option exercise, with the transaction involving a cash payment to the issuer. This planned sale follows a pattern of transactions over the past three months, where Kramer sold a total of 6,000 shares, generating gross proceeds of $476,100. The upcoming sale is part of a pre-arranged trading plan adopted on November 29, 2023.