INDEX VENTURES VII (JERSEY), L.P. - 02 Feb 2023 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/ Nigel Greenwood, Director
Issuer symbol
CFLT
Transactions as of
02 Feb 2023
Net transactions value
-$17,362,357
Form type
4
Filing time
06 Feb 2023, 15:30:20 UTC
Previous 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 +2,258,703 $0.000000 2,258,703 02 Feb 2023 Direct F1, F2
transaction CFLT Class A Common Stock Conversion of derivative security $0 +55,969 $0.000000 55,969 02 Feb 2023 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4
transaction CFLT Class A Common Stock Conversion of derivative security $0 +621,175 $0.000000 621,175 02 Feb 2023 By Index Ventures Growth IV (Jersey) L.P. F5, F6
transaction CFLT Class A Common Stock Conversion of derivative security $0 +45,991 $0.000000 45,991 02 Feb 2023 By Yucca (Jersey) SLP F7, F8
transaction CFLT Class A Common Stock Sale $14,862,980 -552,893 -89% $26.88 68,282 02 Feb 2023 By Index Ventures Growth IV (Jersey) L.P. F6, F9
transaction CFLT Class A Common Stock Sale $565,628 -21,041 -89% $26.88 2,598 02 Feb 2023 By Yucca (Jersey) SLP F8, F9
transaction CFLT Class A Common Stock Sale $1,862,870 -68,282 -100% $27.28 0 02 Feb 2023 By Index Ventures Growth IV (Jersey) L.P. F6, F10
transaction CFLT Class A Common Stock Sale $70,879 -2,598 -100% $27.28 0 02 Feb 2023 By Yucca (Jersey) SLP F8, F10
transaction CFLT Class A Common Stock Other $0 -2,258,703 -100% $0.000000* 0 03 Feb 2023 Direct F1
transaction CFLT Class A Common Stock Other $0 -55,969 -100% $0.000000* 0 03 Feb 2023 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4
transaction CFLT Class A Common Stock Other $0 -578,668 -100% $0.000000* 0 03 Feb 2023 By Index Venture Associates VII Limited F1, F3, F11
transaction CFLT Class A Common Stock Other $0 -22,352 -100% $0.000000* 0 03 Feb 2023 By Yucca (Jersey) SLP F7, F8

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 -2,258,703 -15% $0.000000 12,422,870 02 Feb 2023 Class A Common Stock 2,258,703 Direct F1, F2, F12
transaction CFLT Class B Common Stock Conversion of derivative security $0 -55,969 -15% $0.000000 307,827 02 Feb 2023 Class A Common Stock 55,969 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4, F12
transaction CFLT Class B Common Stock Conversion of derivative security $0 -621,175 -15% $0.000000 3,416,465 02 Feb 2023 Class A Common Stock 621,175 By Index Ventures Growth IV (Jersey) L.P. F5, F6, F12
transaction CFLT Class B Common Stock Conversion of derivative security $0 -45,991 -15% $0.000000 252,950 02 Feb 2023 Class A Common Stock 45,991 By Yucca (Jersey) SLP F7, F8, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

INDEX VENTURES VII (JERSEY), L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On February 2, 2023, Index Ventures VII (Jersey) L.P. ("Index VII") converted in the aggregate 2,258,703 shares of the Issuer's Class B Common Stock into 2,258,703 shares of the Issuer's Class A Common Stock. Subsequently, on February 3, 2023, Index VII distributed in-kind, without consideration, 2,258,703 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"). On the same date, IVA VII distributed in-kind, without consideration, 564,676 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. Index Venture Associates VII Limited ("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 February 2, 2023, Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. ("Index VII Parallel") converted in the aggregate 55,969 shares of the Issuer's Class B Common Stock into 55,969 shares of the Issuer's Class A Common Stock. Subsequently, on February 3, 2023, Index VII Parallel distributed in-kind, without consideration, 55,969 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. On the same date, IVA VII distributed in-kind, without consideration, 13,992 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.
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 On February 2, 2023, Index Ventures Growth IV (Jersey) L.P. ("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.
F6 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.
F7 On February 2, 2023, Yucca (Jersey) SLP ("Yucca") converted in the aggregate 45,991 shares of the Issuer's Class B Common Stock into 45,991 shares of the Issuer's Class A Common Stock. Subsequently, on February 3, 2023, Yucca distributed in-kind, without consideration, 22,352 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.
F8 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 the Issuer. 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.
F9 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.14 - $27.137267. The reporting persons undertake 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.
F10 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.14 - $27.52. The reporting persons undertake 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.
F11 The shares are held of record by IVA VII.
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.