Matthew Craig Miller - 06 Nov 2024 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
Director
Signature
By: /s/ Jung Yeon Son, by power of attorney for Matthew Craig Miller
Issuer symbol
CFLT
Transactions as of
06 Nov 2024
Net transactions value
-$58,339,984
Form type
4
Filing time
08 Nov 2024, 19:04:45 UTC
Previous filing
05 Nov 2024
Next filing
15 Nov 2024
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 +144,081 $0.000000 144,081 06 Nov 2024 Sequoia Capital Fund Parallel, LLC F1, F4
transaction CFLT Class A Common Stock Sale $3,912,116 -144,081 -100% $27.15 0 06 Nov 2024 Sequoia Capital Fund Parallel, LLC F2, F4
transaction CFLT Class A Common Stock Conversion of derivative security $0 +923,163 $0.000000 923,163 06 Nov 2024 Sequoia Capital Fund, LP F1, F4
transaction CFLT Class A Common Stock Sale $25,065,906 -923,163 -100% $27.15 0 06 Nov 2024 Sequoia Capital Fund, LP F2, F4
transaction CFLT Class A Common Stock Conversion of derivative security $0 +144,080 $0.000000 144,080 07 Nov 2024 Sequoia Capital Fund Parallel, LLC F1, F4
transaction CFLT Class A Common Stock Sale $3,963,929 -144,080 -100% $27.51 0 07 Nov 2024 Sequoia Capital Fund Parallel, LLC F3, F4
transaction CFLT Class A Common Stock Conversion of derivative security $0 +923,162 $0.000000 923,162 07 Nov 2024 Sequoia Capital Fund, LP F1, F4
transaction CFLT Class A Common Stock Sale $25,398,033 -923,162 -100% $27.51 0 07 Nov 2024 Sequoia Capital Fund, LP F3, F4
holding CFLT Class A Common Stock 109,627 06 Nov 2024 Estate planning vehicle

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 -144,081 -13% $0.000000 1,008,564 06 Nov 2024 Class A Common Stock 144,081 Sequoia Capital Fund Parallel, LLC F1, F3
transaction CFLT Class B Common Stock Conversion of derivative security $0 -923,163 -13% $0.000000 6,462,137 06 Nov 2024 Class A Common Stock 923,163 Sequoia Capital Fund, LP F1, F3
transaction CFLT Class B Common Stock Conversion of derivative security $0 -144,080 -14% $0.000000 864,484 07 Nov 2024 Class A Common Stock 144,080 Sequoia Capital Fund Parallel, LLC F1, F3
transaction CFLT Class B Common Stock Conversion of derivative security $0 -923,162 -14% $0.000000 5,538,975 07 Nov 2024 Class A Common Stock 923,162 Sequoia Capital Fund, LP F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date. In addition, upon any transfer of shares of Class B Common Stock, each such transferred share will automatically convert into one share of Class A Common Stock, except for certain "Permitted Transfers" described in the Issuer's certificate of incorporation.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.00 to $27.53. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares purchased at each separate price within the ranges set forth above.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.30 to $28.00. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares purchased at each separate price within the ranges set forth above.
F4 The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of Sequoia Capital Fund Management, L.P., which is the general partner of Sequoia Capital Fund, LP ("SCF") and the managing member of Sequoia Capital Fund Parallel, LLC ("SCFP"). The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.