Kramer Douglas James, Chief Legal Officer at Cloudflare (NET), has demonstrated a consistent pattern of selling activity over the past year, with no recorded purchases in the same period. Since August 2025, James has executed 18 sales totaling approximately $16.35 million, with transactions ranging from as little as $593 to multimillion-dollar dispositions. Notably, his largest single sale occurred on February 15, 2026, when he disposed of shares worth $2.44 million, followed by another significant transaction on November 15, 2025, valued at $2.78 million. The sales appear clustered around quarterly intervals, with concentrated activity in early January and February 2026—including four separate transactions on January 2 totaling over $1.79 million.
James’s transactions are exclusively tied to Cloudflare, with no diversification across other securities. The sales have been executed through a mix of open-market dispositions (coded "S") and transactions involving derivative securities (coded "F"), the latter accounting for the largest individual transactions. While the filings indicate some grants and conversions (coded "G," "C," and "M") with no reported value, the overwhelming direction has been toward reducing his position in NET. The absence of any buy-side activity suggests a sustained disposition strategy rather than periodic rebalancing, though the filings do not disclose whether the sales were prearranged or discretionary.
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