Michelangelo Volpi - May 18, 2022 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
Director
Signature
/s/ Michelangelo Volpi
Stock symbol
CFLT
Transactions as of
May 18, 2022
Transactions value $
-$384,847
Form type
4
Date filed
5/20/2022, 04:15 PM
Previous filing
Nov 15, 2021
Next filing
Aug 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CFLT Class A Common Stock Conversion of derivative security $0 +2.25M +46985.72% $0.00 2.26M May 18, 2022 By Index Ventures VII (Jersey) L.P. F1, F2, F3
transaction CFLT Class A Common Stock Other $0 -2.25M -99.79% $0.00 4.8K May 18, 2022 By Index Ventures VII (Jersey) L.P. F1, F3
transaction CFLT Class A Common Stock Sale -$48.5K -2.72K -56.68% $17.83 2.08K May 18, 2022 By Index Ventures VII (Jersey) L.P. F3, F4
transaction CFLT Class A Common Stock Sale -$35.3K -1.88K -90.38% $18.81 200 May 18, 2022 By Index Ventures VII (Jersey) L.P. F3, F5
transaction CFLT Class A Common Stock Sale -$3.86K -200 -100% $19.32 0 May 18, 2022 By Index Ventures VII (Jersey) L.P. F3, F6
transaction CFLT Class A Common Stock Conversion of derivative security $0 +55.9K +46932.77% $0.00 56K May 18, 2022 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F7, F8, F9
transaction CFLT Class A Common Stock Other $0 -55.9K -99.79% $0.00 119 May 18, 2022 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F7, F9
transaction CFLT Class A Common Stock Sale -$1.19K -67 -56.3% $17.83 52 May 18, 2022 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F4, F9
transaction CFLT Class A Common Stock Sale -$884 -47 -90.38% $18.81 5 May 18, 2022 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F5, F9
transaction CFLT Class A Common Stock Sale -$97 -5 -100% $19.32 0 May 18, 2022 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F6, F9
transaction CFLT Class A Common Stock Conversion of derivative security $0 +621K $0.00 621K May 18, 2022 By Index Ventures Growth IV (Jersey) L.P. F10, F11
transaction CFLT Class A Common Stock Other $0 -621K -100% $0.00* 0 May 18, 2022 By Index Ventures Growth IV (Jersey) L.P. F10, F11
transaction CFLT Class A Common Stock Conversion of derivative security $0 +45.9K +61221.33% $0.00 46K May 18, 2022 By Yucca (Jersey) SLP F12, F13, F14
transaction CFLT Class A Common Stock Other $0 -29.8K -64.9% $0.00 16.1K May 18, 2022 By Yucca (Jersey) SLP F12, F14
transaction CFLT Class A Common Stock Sale -$163K -9.15K -56.68% $17.83 6.99K May 18, 2022 By Yucca (Jersey) SLP F4, F14
transaction CFLT Class A Common Stock Sale -$119K -6.32K -90.39% $18.81 672 May 18, 2022 By Yucca (Jersey) SLP F5, F14
transaction CFLT Class A Common Stock Sale -$13K -672 -100% $19.32 0 May 18, 2022 By Yucca (Jersey) SLP F6, F14

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CFLT Class B Common Stock Conversion of derivative security $0 -2.25M -9.98% $0.00 20.3M May 18, 2022 Class A Common Stock 2.25M By Index Ventures VII (Jersey) L.P. F1, F3, F15
transaction CFLT Class B Common Stock Conversion of derivative security $0 -55.9K -9.98% $0.00 504K May 18, 2022 Class A Common Stock 55.9K By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F7, F9, F15
transaction CFLT Class B Common Stock Conversion of derivative security $0 -621K -10% $0.00 5.59M May 18, 2022 Class A Common Stock 621K By Index Ventures Growth IV (Jersey) L.P. F10, F11, F15
transaction CFLT Class B Common Stock Conversion of derivative security $0 -45.9K -9.99% $0.00 414K May 18, 2022 Class A Common Stock 45.9K By Yucca (Jersey) SLP F12, F14, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 18, 2022, Index Ventures VII (Jersey) L.P. ("Index VII") converted in the aggregate 2,253,905 shares of the Issuer's Class B Common Stock into 2,253,905 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index VII distributed in-kind, without consideration, 2,253,905 shares of Class A Common Stock pro-rata to its limited partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
F2 Includes 4,797 shares of Class A Common Stock received in a prior distribution-in-kind made in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F3 The shares are held by Index VII. Index Venture Associates VII Limited ("IVA VII") is the general partner of Index VII. The reporting person is a partner within the Index Ventures group. Advisors within the Index Ventures group provide advice to each of Index VII, Index Ventures VII Parallel Entrepreneur Fund (Jersey), L.P. ("Index VII Parallel") and Index Ventures Growth IV (Jersey) L.P. ("Index Growth IV"). The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.24 - $18.23. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.24 - $19.23. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.24 - $19.44. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 On May 18, 2022, Index VII Parallel converted in the aggregate 55,850 shares of the Issuer's Class B Common Stock into 55,850 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index VII Parallel distributed in-kind, without consideration, 55,850 shares of Class A Common Stock pro-rata to its limited partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F8 Includes 119 shares of Class A Common Stock received in a prior distribution-in-kind made in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F9 The shares are held by Index VII Parallel. IVA VII is the general partner of Index VII Parallel. The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.
F10 On May 18, 2022, Index Growth IV converted in the aggregate 621,175 shares of the Issuer's Class B Common Stock into 621,175 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index Growth IV distributed in-kind, without consideration, 621,175 shares of Class A Common Stock pro-rata to its limited partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F11 The shares are held by Index Growth IV. Index Venture Growth Associates IV Limited ("IVGA IV") is the general partner of Index Growth IV. The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.
F12 On May 18, 2022, Yucca (Jersey) SLP ("Yucca") converted in the aggregate 45,916 shares of the Issuer's Class B Common Stock into 45,916 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Yucca distributed in-kind, without consideration, 29,849 shares of Class A Common Stock pro-rata to its partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F13 Includes 75 shares of Class A Common Stock received in a prior distribution-in-kind made in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F14 The shares are held of record by Yucca. Yucca is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Index funds' investment (in this case, Index VII, Index VII Parallel and Index Growth IV). The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.
F15 Each share of Class B Common Stock held by the reporting person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock is also convertible at any time at the option of the reporting person into one share of Class A Common Stock.