Michelangelo Volpi - 04 Nov 2022 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
Director
Signature
/s/ Michelangelo Volpi
Issuer symbol
CFLT
Transactions as of
04 Nov 2022
Net transactions value
$0
Form type
4
Filing time
08 Nov 2022, 15:30:13 UTC
Previous filing
09 Aug 2022
Next filing
15 Nov 2022
SEC
View on sec.gov

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 +3,388,055 $0.000000 3,388,055 04 Nov 2022 By Index Ventures VII (Jersey) L.P. F1, F2
transaction CFLT Class A Common Stock Other $0 -3,247,544 -96% $0.000000 140,511 04 Nov 2022 By Index Ventures VII (Jersey) L.P. F1, F2
transaction CFLT Class A Common Stock Conversion of derivative security $0 +83,953 $0.000000 83,953 04 Nov 2022 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4
transaction CFLT Class A Common Stock Other $0 -83,953 -100% $0.000000* 0 04 Nov 2022 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4
transaction CFLT Class A Common Stock Other $0 -576,217 -100% $0.000000* 0 04 Nov 2022 By Index Venture Associates VII Limited F1, F3, F5
transaction CFLT Class A Common Stock Conversion of derivative security $0 +931,763 $0.000000 931,763 04 Nov 2022 By Index Ventures Growth IV (Jersey) L.P. F6, F7
transaction CFLT Class A Common Stock Other $0 -931,763 -100% $0.000000* 0 04 Nov 2022 By Index Ventures Growth IV (Jersey) L.P. F6, F7
transaction CFLT Class A Common Stock Conversion of derivative security $0 +68,986 $0.000000 68,986 04 Nov 2022 By Yucca (Jersey) SLP F8, F9
transaction CFLT Class A Common Stock Other $0 -44,846 -65% $0.000000 24,140 04 Nov 2022 By Yucca (Jersey) SLP F8, F9
holding CFLT Class A Common Stock 59,059 04 Nov 2022 Direct F10
holding CFLT Class A Common Stock 27,302 04 Nov 2022 By Trust F10, F11

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 -3,388,055 -19% $0.000000 14,681,573 04 Nov 2022 Class A Common Stock 3,388,055 By Index Ventures VII (Jersey) L.P. F1, F2, F12
transaction CFLT Class B Common Stock Conversion of derivative security $0 -83,953 -19% $0.000000 363,796 04 Nov 2022 Class A Common Stock 83,953 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4, F12
transaction CFLT Class B Common Stock Conversion of derivative security $0 -931,763 -19% $0.000000 4,037,640 04 Nov 2022 Class A Common Stock 931,763 By Index Ventures Growth IV (Jersey) L.P. F6, F7, F12
transaction CFLT Class B Common Stock Conversion of derivative security $0 -68,986 -19% $0.000000 298,941 04 Nov 2022 Class A Common Stock 68,986 By Yucca (Jersey) SLP F8, F9, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 4, 2022, Index Ventures VII (Jersey) L.P. ("Index VII") converted in the aggregate 3,388,055 shares of the Issuer's Class B Common Stock into 3,388,055 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index VII distributed in-kind, without consideration, 3,247,544 shares of Class A Common Stock pro-rata to its limited partners and its general partner, Index Venture Associates VII Limited ("IVA VII") 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"). On the same date, IVA VII distributed in-kind, without consideration, 564,787 shares of Class A Common Stock received in the Index VII distribution pro-rata to its shareholders, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F2 The shares are held by Index VII. 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.
F3 On November 4, 2022, Index VII Parallel converted in the aggregate 83,953 shares of the Issuer's Class B Common Stock into 83,953 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index VII Parallel distributed in-kind, without consideration, 83,953 shares of Class A Common Stock pro-rata to its limited partners and its general partner, IVA VII in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act. On the same date, IVA VII distributed in-kind, without consideration, 11,430 shares of Class A Common Stock received in the Index VII Parallel distribution pro-rata to its shareholders, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F4 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.
F5 The shares are held by IVA VII.
F6 On November 4, 2022, Index Ventures Growth IV (Jersey) L.P. ("Index Growth IV") converted in the aggregate 931,763 shares of the Issuer's Class B Common Stock into 931,763 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index Growth IV distributed in-kind, without consideration, 931,763 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.
F7 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.
F8 On November 4, 2022, Yucca (Jersey) SLP ("Yucca") converted in the aggregate 68,986 shares of the Issuer's Class B Common Stock into 68,986 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Yucca distributed in-kind, without consideration, 44,846 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.
F9 The shares are held 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.
F10 Includes shares of Class A Common Stock received in the distributions described herein made 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 the Volpi-Cupal Family Trust, of which the reporting person serves as trustee. 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 Each share of Class B Common Stock held by the reporting persons 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.