An-Yen Hu - Nov 30, 2022 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
10%+ Owner
Signature
/s/ An-Yen Hu, by power of attorney for Matthew R. Cohler
Stock symbol
CFLT
Transactions as of
Nov 30, 2022
Transactions value $
$0
Form type
4
Date filed
12/2/2022, 07:07 PM
Previous filing
Aug 10, 2022

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 +3.86M $0.00 3.86M Nov 30, 2022 See footnote F1
transaction CFLT Class A Common Stock Other $0 -3.86M -100% $0.00* 0 Nov 30, 2022 See footnote F1, F2
transaction CFLT Class A Common Stock Other $0 +90.5K +5.66% $0.00 1.69M Nov 30, 2022 See footnote F2, F3
transaction CFLT Class A Common Stock Other $0 +36.1K +3.66% $0.00 1.02M Nov 30, 2022 See footnote F2, F4
transaction CFLT Class A Common Stock Other $0 +10.6K $0.00 10.6K Nov 30, 2022 See footnote F2, F5
transaction CFLT Class A Common Stock Other $0 +10.3K +50% $0.00 31K Nov 30, 2022 See footnote F2, F6
transaction CFLT Class A Common Stock Other $0 +47.5K +3.76% $0.00 1.31M Nov 30, 2022 See footnote F2, F7
transaction CFLT Class A Common Stock Other $0 +20.7K $0.00 20.7K Nov 30, 2022 See footnote F2, F8
transaction CFLT Class A Common Stock Other $0 +37.2K +2.71% $0.00 1.41M Nov 30, 2022 See footnote F2, F9
transaction CFLT Class A Common Stock Other $0 +15.6K +1.63% $0.00 970K Nov 30, 2022 See footnote F2, F10
transaction CFLT Class A Common Stock Other $0 +42 +0.35% $0.00 12K Nov 30, 2022 See footnote F2, F11
transaction CFLT Class A Common Stock Other $0 +3.48K +2.31% $0.00 154K Nov 30, 2022 See footnote F2, F12

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 -3.86M -21.43% $0.00 14.2M Nov 30, 2022 Class A Common Stock 3.86M See footnote F1, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

An-Yen Hu is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 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 Matthew R. Cohler's trust entity.
F4 Shares are held by Peter H. Fenton's trust entities.
F5 Shares are held by Peter H. Fenton's family partnership.
F6 Shares are held by Mitchell H. Lasky's family partnership.
F7 Shares are held by Mitchell H. Lasky's family trust.
F8 Shares are held by J. William Gurley's family partnerships
F9 Shares are held by J. William Gurley's trust entity.
F10 Shares are held by Sarah Tavel.
F11 Shares held by An-Yen Hu's trust entity.
F12 Shares held by Chetan Puttagunta's trust entity.
F13 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.