STEVEN M. SPURLOCK - 08 Sep 2021 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
10%+ Owner
Signature
/s/ An-Yen Hu, by power of attorney for Steven M. Spurlock
Issuer symbol
CFLT
Transactions as of
08 Sep 2021
Net transactions value
$0
Form type
4
Filing time
10 Sep 2021, 20:01:37 UTC
Previous filing
29 Jun 2021
Next filing
21 Sep 2021
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 +9,267,372 $0.000000 9,267,372 08 Sep 2021 See footnote F1
transaction CFLT Class A Common Stock Other $0 -9,267,372 -100% $0.000000* 0 08 Sep 2021 See footnote F1, F2
transaction CFLT Class A Common Stock Other $0 +425,680 $0.000000 425,680 08 Sep 2021 See footnote F2, F4
transaction CFLT Class A Common Stock Other $0 +1,418,936 $0.000000 1,418,936 08 Sep 2021 See footnote F2, F5
transaction CFLT Class A Common Stock Other $0 +1,156,576 $0.000000 1,156,576 08 Sep 2021 See footnote F2, F6
transaction CFLT Class A Common Stock Other $0 +1,418,937 $0.000000 1,418,937 08 Sep 2021 See footnote F2, F7
transaction CFLT Class A Common Stock Other $0 +1,418,936 $0.000000 1,418,936 08 Sep 2021 See footnote F2, F8
transaction CFLT Class A Common Stock Other $0 +946,430 $0.000000 946,430 08 Sep 2021 See footnote F2, F9
transaction CFLT Class A Common Stock Other $0 +11,910 $0.000000 11,910 08 Sep 2021 See footnote F2, F10
transaction CFLT Class A Common Stock Other $0 +212,839 $0.000000 212,839 08 Sep 2021 See footnote F2, F11

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 -9,267,372 -26% $0.000000 25,748,625 08 Sep 2021 Class A Common Stock 9,267,372 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.
F4 Shares are held by Steven M. Spurlock's family partnership.
F5 Shares are held by Matthew R. Cohler's trust entity.
F6 Shares are held by Peter H. Fenton's trust entities.
F7 Shares are held by Mitchell H. Lasky's family trust.
F8 Shares are held by J. William Gurley's trust entities.
F9 Shares are held by Sarah Tavel
F10 Shares held by An-Yen Hu's trust entity.
F11 Shares held by Chetan Puttagunta's trust entity.

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.