Index Ventures VII (Jersey), L.P. - Nov 4, 2022 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
10%+ Owner
Signature
Index Ventures VII (Jersey) LP, By: Index Venture Associates VII Limited, as Managing General Partner, By: /s/ Alex Clark Hutchison, Alternate Director
Stock symbol
CFLT
Transactions as of
Nov 4, 2022
Transactions value $
$0
Form type
4
Date filed
11/8/2022, 03:30 PM
Previous filing
Aug 9, 2022
Next filing
Nov 15, 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 +3.39M $0.00 3.39M Nov 4, 2022 Direct F1, F2
transaction CFLT Class A Common Stock Other $0 -3.25M -95.85% $0.00 141K Nov 4, 2022 Direct F1, F2
transaction CFLT Class A Common Stock Conversion of derivative security $0 +84K $0.00 84K Nov 4, 2022 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4
transaction CFLT Class A Common Stock Other $0 -84K -100% $0.00* 0 Nov 4, 2022 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4
transaction CFLT Class A Common Stock Other $0 -576K -100% $0.00* 0 Nov 4, 2022 By Index Venture Associates VII Limited F1, F3, F5
transaction CFLT Class A Common Stock Conversion of derivative security $0 +932K $0.00 932K Nov 4, 2022 By Index Ventures Growth IV (Jersey) L.P. F6, F7
transaction CFLT Class A Common Stock Other $0 -932K -100% $0.00* 0 Nov 4, 2022 By Index Ventures Growth IV (Jersey) L.P. F6, F7
transaction CFLT Class A Common Stock Conversion of derivative security $0 +69K $0.00 69K Nov 4, 2022 By Yucca (Jersey) SLP F8, F9
transaction CFLT Class A Common Stock Other $0 -44.8K -65.01% $0.00 24.1K Nov 4, 2022 By Yucca (Jersey) SLP F8, F9

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 -3.39M -18.75% $0.00 14.7M Nov 4, 2022 Class A Common Stock 3.39M Direct F1, F2, F10
transaction CFLT Class B Common Stock Conversion of derivative security $0 -84K -18.75% $0.00 364K Nov 4, 2022 Class A Common Stock 84K By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4, F10
transaction CFLT Class B Common Stock Conversion of derivative security $0 -932K -18.75% $0.00 4.04M Nov 4, 2022 Class A Common Stock 932K By Index Ventures Growth IV (Jersey) L.P. F6, F7, F10
transaction CFLT Class B Common Stock Conversion of derivative security $0 -69K -18.75% $0.00 299K Nov 4, 2022 Class A Common Stock 69K By Yucca (Jersey) SLP F8, F9, F10
* 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. IVA VII disclaims beneficial ownership of such shares for purposes of Section 16 of the Exchange Act ("Section 16") except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it for Section 16 or any other purpose.
F3 On November 4, 2022, Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. ("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. IVA VII disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it 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. IVGA IV disclaims beneficial ownership of such shares for purposes of Section 16 except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it 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). Each of IVA VII and IVGA IV disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it for Section 16 or any other purpose.
F10 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.