Eric Vishria - Sep 8, 2021 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role: Director, 10%+ Owner
Signature: /s/ An-Yen Hu, by power of attorney for Eric Vishria
Stock symbol: CFLT
Transactions as of: Sep 8, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/10/2021, 08:01 PM
Previous filing: Jun 29, 2021
Next filing: Sep 21, 2021

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	+9.27M		$0.00	9.27M	Sep 8, 2021	See footnote	F1
transaction	CFLT	Class A Common Stock	Other	$0	-9.27M	-100%	$0.00^*	0	Sep 8, 2021	See footnote	F1, F2
transaction	CFLT	Class A Common Stock	Other	$0	+1.42M		$0.00	1.42M	Sep 8, 2021	Direct	F2

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	-9.27M	-26.47%	$0.00	25.7M	Sep 8, 2021	Class A Common Stock	9.27M		See footnote	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares are held by Benchmark Capital Partners VIII, L.P. ("BCP VIII"), for itself and as nominee for Benchmark Founders' Fund VIII, L.P. ("BFF VIII") and Benchmark Founders' Fund VIII-B, L.P. ("BFF VIII-B"). Benchmark Capital Management Co. VIII, L.L.C. ("BCMC VIII"), the general partner of each of BCP VIII, BFF VIII and BFF VIII-B, may be deemed to have sole voting and investment power over such shares. Eric Vishria, a member of the Issuer's board of directors, Matthew R. Cohler, Peter H. Fenton, J. William Gurley, An-Yen Hu, Mitchell H. Lasky, Chetan Puttagunta, Steven M. Spurlock and Sarah E. Tavel are the managing members of BCMC VIII, and each of them may be deemed to share voting and investment power over the securities held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of the securities, except to the extent of such person's or entity's pecuniary interest in such securities.
F2	Represents a pro-rata, in-kind distribution by BCP VIII and its affiliated funds to BCMC VIII and its respective members and equityholders and was not a disposition for value. The recipients of such shares in such distribution are subject to a lock-up agreement with the representatives of the several underwriters in connection with the initial public offering of the Issuer.
F3	Each share of Class B Common Stock held by the Reporting Person 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.

Remarks:

This report is one of three reports, each on a separate Form 4, but relating to the same transaction being filed by entities affiliated with Benchmark and their applicable members.