Matthew Craig Miller - Nov 21, 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
Stock symbol
CFLT
Transactions as of
Nov 21, 2024
Transactions value $
-$35,878,463
Form type
4
Date filed
11/25/2024, 06:22 PM
Previous filing
Nov 15, 2024
Next filing
Dec 10, 2024

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 +61.9K $0.00 61.9K Nov 21, 2024 Sequoia Capital Fund Parallel, LLC F1, F8
transaction CFLT Class A Common Stock Sale -$1.88M -61.9K -100% $30.31 0 Nov 21, 2024 Sequoia Capital Fund Parallel, LLC F2, F8
transaction CFLT Class A Common Stock Conversion of derivative security $0 +397K $0.00 397K Nov 21, 2024 Sequoia Capital Fund, LP F1, F8
transaction CFLT Class A Common Stock Sale -$12M -397K -100% $30.31 0 Nov 21, 2024 Sequoia Capital Fund, LP F2, F8
transaction CFLT Class A Common Stock Sale -$2.52M -83K -89.41% $30.39 9.83K Nov 21, 2024 Estate planning vehicle F3, F4
transaction CFLT Class A Common Stock Conversion of derivative security $0 +60.8K $0.00 60.8K Nov 22, 2024 Sequoia Capital Fund Parallel, LLC F1, F8
transaction CFLT Class A Common Stock Sale -$1.64M -52.1K -85.61% $31.59 8.75K Nov 22, 2024 Sequoia Capital Fund Parallel, LLC F5, F8
transaction CFLT Class A Common Stock Sale -$280K -8.75K -100% $32.04 0 Nov 22, 2024 Sequoia Capital Fund Parallel, LLC F6, F8
transaction CFLT Class A Common Stock Conversion of derivative security $0 +390K $0.00 390K Nov 22, 2024 Sequoia Capital Fund, LP F1, F8
transaction CFLT Class A Common Stock Sale -$10.5M -334K -85.61% $31.59 56.1K Nov 22, 2024 Sequoia Capital Fund, LP F5, F8
transaction CFLT Class A Common Stock Sale -$1.8M -56.1K -100% $32.04 0 Nov 22, 2024 Sequoia Capital Fund, LP F6, F8
transaction CFLT Class A Common Stock Conversion of derivative security $0 +21.3K $0.00 21.3K Nov 25, 2024 Sequoia Capital Fund Parallel, LLC F1, F8
transaction CFLT Class A Common Stock Sale -$701K -21.3K -100% $32.88 0 Nov 25, 2024 Sequoia Capital Fund Parallel, LLC F7, F8
transaction CFLT Class A Common Stock Conversion of derivative security $0 +137K $0.00 137K Nov 25, 2024 Sequoia Capital Fund, LP F1, F8
transaction CFLT Class A Common Stock Sale -$4.49M -137K -100% $32.88 0 Nov 25, 2024 Sequoia Capital Fund, LP 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 -61.9K -8.6% $0.00 658K Nov 21, 2024 Class A Common Stock 61.9K Sequoia Capital Fund Parallel, LLC F1, F8
transaction CFLT Class B Common Stock Conversion of derivative security $0 -397K -8.6% $0.00 4.22M Nov 21, 2024 Class A Common Stock 397K Sequoia Capital Fund, LP F1, F8
transaction CFLT Class B Common Stock Conversion of derivative security $0 -60.8K -9.24% $0.00 598K Nov 22, 2024 Class A Common Stock 60.8K Sequoia Capital Fund Parallel, LLC F1, F8
transaction CFLT Class B Common Stock Conversion of derivative security $0 -390K -9.24% $0.00 3.83M Nov 22, 2024 Class A Common Stock 390K Sequoia Capital Fund, LP F1, F8
transaction CFLT Class B Common Stock Conversion of derivative security $0 -21.3K -3.57% $0.00 576K Nov 25, 2024 Class A Common Stock 21.3K Sequoia Capital Fund Parallel, LLC F1, F8
transaction CFLT Class B Common Stock Conversion of derivative security $0 -137K -3.57% $0.00 3.69M Nov 25, 2024 Class A Common Stock 137K Sequoia Capital Fund, LP F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 $30.00 to $30.76. 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 sold at each separate price within the ranges set forth above.
F3 The sales reported on this Form 4 by the estate planning vehicle were effected pursuant to a Rule 10b5-1 trading plan adopted on June 13, 2024 by the Reporting Person.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.84. 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 sold at each separate price within the range set forth above.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.9500 to $31.9495. 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 sold at each separate price within the ranges set forth above.
F6 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.95 to $32.24. 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 sold at each separate price within the ranges set forth above.
F7 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.28 to $33.26. 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 sold at each separate price within the ranges set forth above.
F8 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.