Summary by Moomoo AI
Cloudflare, Inc. officer Michelle Zatlyn is set to sell 423,040 Class A common shares on 02/15/2024, as per the latest filing. The shares, valued at approximately $42.8 million, were acquired in two separate transactions. Initially, Zatlyn obtained 84,608 shares directly from the issuer in a private transaction on 09/25/2009, which were Class B shares to be converted to Class A upon sale. Later, on 08/08/2017, she acquired an additional 338,432 shares as stock options compensation, with a cashless exercise/same-day sale arrangement. This planned sale follows a three-month period where Zatlyn sold a total of 115,380 shares, grossing over $8.8 million.