Zatlyn Michelle

Zatlyn Michelle (CIK 0001786951, 2,048 transactions since February 2020) runs one of the highest-frequency insider registers in the dataset with a distinctive recurring C/M/M/S triple on Cloudflare, Inc. (NET): each session opens with a C-code of 25,641 shares (no price — non-market disposition) followed by two M-code entries at $2.04 per share (option exercise) then a series of S-coded market sells at prices descending through the session from $223.29 down to $216.43 on June 18, 2026, and from $235.68 down to $229.91 on June 17, 2026. The 25,641 share lot is identical across every recent C-event; the $2.04 strike is near-zero and is a hallmark of founder-level IPO-era option grants. The register sources 6,291,757 NET sell shares lifetime with zero buy-side at the primary, and has 5 vestigial transactions at Atlassian Corp (TEAM, Dec 2022–Dec 2025, zero sell volume). The honest read is a co-founder systematically exercising deeply in-the-money options and selling the resulting shares on the same day — a mechanical program, not a discretionary distribution, with no secondary strategy visible.