Eric Vishria - 30 May 2023 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
Director
Signature
/s/ An-Yen Hu, by power of attorney for Eric Vishria
Issuer symbol
CFLT
Transactions as of
30 May 2023
Net transactions value
-$1,503,355
Form type
4
Filing time
01 Jun 2023, 18:27:50 UTC
Previous filing
19 May 2023
Next filing
05 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CFLT Class A Common Stock Sale $1,503,355 -50,000 -3.2% $30.07 1,503,212 30 May 2023 See footnote F1, F2, F3
transaction CFLT Class A Common Stock Gift $0 -115,000 -7.7% $0.000000 1,388,212 31 May 2023 See footnote F3
holding CFLT Class A Common Stock 39,977 30 May 2023 See footnote F4
* 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 Shares sold pursuant to a 10b5-1 trading plan adopted September 14, 2022.
F2 The shares were sold at prices ranging from $30.01 to $30.22. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Shares are held by entities controlled by the reporting person.
F4 Shares are held by Benchmark Capital Management Co. VIII, L.L.C. ("BCMC VIII") who has 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 BCMC VIII. 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.