Steven M. Spurlock - 12 Nov 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
12 Nov 2021
Net transactions value
-$2,009,778
Form type
4
Filing time
16 Nov 2021, 20:40:54 UTC
Previous filing
09 Nov 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 +3,862,593 $0.000000 3,862,593 12 Nov 2021 See footnote F1
transaction CFLT Class A Common Stock Other $0 -3,862,593 -100% $0.000000* 0 12 Nov 2021 See footnote F1, F2
transaction CFLT Class A Common Stock Other $0 +22,638 +5.3% $0.000000 452,472 12 Nov 2021 See footnote F2, F3
transaction CFLT Class A Common Stock Sale $7,154 -87 -0.02% $82.23 452,385 15 Nov 2021 See footnote F3, F4
transaction CFLT Class A Common Stock Sale $14,523 -174 -0.04% $83.46 452,211 15 Nov 2021 See footnote F3, F5
transaction CFLT Class A Common Stock Sale $192,945 -2,282 -0.5% $84.55 449,929 15 Nov 2021 See footnote F3, F6
transaction CFLT Class A Common Stock Sale $103,740 -1,217 -0.27% $85.24 448,712 15 Nov 2021 See footnote F3, F7
transaction CFLT Class A Common Stock Sale $42,369 -491 -0.11% $86.29 448,221 15 Nov 2021 See footnote F3, F8
transaction CFLT Class A Common Stock Other $0 +90,484 +6.4% $0.000000 1,509,420 12 Nov 2021 See footnote F2, F9
transaction CFLT Class A Common Stock Other $0 +36,300 +3.1% $0.000000 1,201,394 12 Nov 2021 See footnote F2, F10
transaction CFLT Class A Common Stock Sale $14,636 -178 -0.01% $82.23 1,201,216 15 Nov 2021 See footnote(10 F4
transaction CFLT Class A Common Stock Sale $29,880 -358 -0.03% $83.46 1,200,858 15 Nov 2021 See footnote(10 F5
transaction CFLT Class A Common Stock Sale $395,614 -4,679 -0.39% $84.55 1,196,179 15 Nov 2021 See footnote(10 F6
transaction CFLT Class A Common Stock Sale $212,680 -2,495 -0.21% $85.24 1,193,684 15 Nov 2021 See footnote(10 F7
transaction CFLT Class A Common Stock Sale $86,894 -1,007 -0.08% $86.29 1,192,677 15 Nov 2021 See footnote(10 F8
transaction CFLT Class A Common Stock Other $0 +10,347 $0.000000 10,347 12 Nov 2021 See footnote F2, F11
transaction CFLT Class A Common Stock Other $0 +47,549 +3.4% $0.000000 1,466,486 12 Nov 2021 See footnote F2, F12
transaction CFLT Class A Common Stock Other $0 +20,694 $0.000000 20,694 12 Nov 2021 See footnote F2, F13
transaction CFLT Class A Common Stock Other $0 +37,201 +2.6% $0.000000 1,456,137 12 Nov 2021 See footnote F2, F14
transaction CFLT Class A Common Stock Other $0 +4,397 +0.46% $0.000000 960,063 12 Nov 2021 See footnote F2, F15
transaction CFLT Class A Common Stock Sale $15,869 -193 -0.02% $82.23 959,870 15 Nov 2021 See footnote F4, F15
transaction CFLT Class A Common Stock Sale $32,384 -388 -0.04% $83.46 959,482 15 Nov 2021 See footnote F5, F15
transaction CFLT Class A Common Stock Sale $429,011 -5,074 -0.53% $84.55 954,408 15 Nov 2021 See footnote F6, F15
transaction CFLT Class A Common Stock Sale $230,581 -2,705 -0.28% $85.24 951,703 15 Nov 2021 See footnote F7, F15
transaction CFLT Class A Common Stock Sale $94,229 -1,092 -0.11% $86.29 950,611 15 Nov 2021 See footnote F8, F15
transaction CFLT Class A Common Stock Other $0 +42 +0.35% $0.000000 11,952 12 Nov 2021 See footnote F2, F16
transaction CFLT Class A Common Stock Other $0 +48 +2.3% $0.000000 2,125 12 Nov 2021 See footnote F2, F17
transaction CFLT Class A Common Stock Sale $3,536 -43 -2% $82.23 2,082 15 Nov 2021 See footnote F4, F17
transaction CFLT Class A Common Stock Sale $7,261 -87 -4.2% $83.46 1,995 15 Nov 2021 See footnote F5, F17
transaction CFLT Class A Common Stock Sale $96,473 -1,141 -57% $84.55 854 15 Nov 2021 See footnote F6, F17

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 -3,862,593 -15% $0.000000 21,886,032 12 Nov 2021 Class A Common Stock 3,862,593 See footnote F1, F18
* 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, not for additional consideration, to its partners, including BCMC VIII and its respective members and assignees.
F3 Shares are held by Steven M. Spurlock's family partnership.
F4 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 15, 2021. The actual sale prices ranged from a low of $81.86 to a high of $82.76, inclusive. Each Reporting Person undertakes to provide upon request of the SEC Staff, Confluent, Inc. or any security holder of Confluent, Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
F5 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 15, 2021. The actual sale prices ranged from a low of $82.93 to a high of $83.86, inclusive. Each Reporting Person undertakes to provide upon request of the SEC Staff, Confluent, Inc. or any security holder of Confluent, Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
F6 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 15, 2021. The actual sale prices ranged from a low of $83.94 to a high of $84.935, inclusive. Each Reporting Person undertakes to provide upon request of the SEC Staff, Confluent, Inc. or any security holder of Confluent, Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
F7 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 15, 2021. The actual sale prices ranged from a low of $84.95 to a high of $85.94 inclusive. Each Reporting Person undertakes to provide upon request of the SEC Staff, Confluent, Inc. or any security holder of Confluent, Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
F8 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 15, 2021. The actual sale prices ranged from a low of $85.95 to a high of $86.595, inclusive. Each Reporting Person undertakes to provide upon request of the SEC Staff, Confluent, Inc. or any security holder of Confluent, Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.
F9 Shares are held by Matthew R. Cohler's trust entity.
F10 Shares are held by Peter H. Fenton's trust entities.
F11 Shares are held by Mitchell H. Lasky's family partnership.
F12 Shares are held by Mitchell H. Lasky's family trust.
F13 Shares are held by J. William Gurley's family partnerships.
F14 Shares are held by J. William Gurley's trust entity.
F15 Shares are held by Sarah Tavel.
F16 Shares held by An-Yen Hu's trust entity.
F17 Shares held by Chetan Puttagunta.
F18 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 four reports, each on a separate Form 4, but relating to the same holdings being filed by entities affiliated with Benchmark and their applicable members.