Index Ventures VII (Jersey), L.P. - Jun 28, 2021 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role: 10%+ Owner
Signature: Index Ventures VII (Jersey) LP, By: Index Ventures Associates VII Limited, as Managing General Partner, By: /s/ Nigel Greenwood, Its: Director
Stock symbol: CFLT
Transactions as of: Jun 28, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/30/2021, 05:48 PM
Previous filing: Jun 23, 2021
Next filing: May 20, 2022

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	Series B Preferred Stock	Conversion of derivative security	$0	-19.9M	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	19.9M		See footnote	F1, F2, F3
transaction	CFLT	Series C Preferred Stock	Conversion of derivative security	$0	-2.69M	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	2.69M		See footnote	F1, F2, F3
transaction	CFLT	Class B Common Stock	Conversion of derivative security	$0	+22.6M		$0.00	22.6M	Jun 28, 2021	Class A Common Stock	22.6M		See footnote	F2, F3
transaction	CFLT	Series B Preferred Stock	Conversion of derivative security	$0	-493K	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	493K		See footnote	F1, F2, F4
transaction	CFLT	Series C Preferred Stock	Conversion of derivative security	$0	-66.7K	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	66.7K		See footnote	F1, F2, F4
transaction	CFLT	Class B Common Stock	Conversion of derivative security	$0	+560K		$0.00	560K	Jun 28, 2021	Class A Common Stock	560K		See footnote	F2, F4
transaction	CFLT	Series D Preferred Stock	Conversion of derivative security	$0	-5.23M	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	5.23M		See footnote	F1, F2, F5
transaction	CFLT	Series E Preferred Stock	Conversion of derivative security	$0	-985K	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	985K		See footnote	F1, F2, F5
transaction	CFLT	Class B Common Stock	Conversion of derivative security	$0	+6.21M		$0.00	6.21M	Jun 28, 2021	Class A Common Stock	6.21M		See footnote	F2, F5
transaction	CFLT	Series B Preferred Stock	Conversion of derivative security	$0	-310K	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	310K		See footnote	F1, F2, F6
transaction	CFLT	Series C Preferred Stock	Conversion of derivative security	$0	-42K	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	42K		See footnote	F1, F2, F6
transaction	CFLT	Series D Preferred Stock	Conversion of derivative security	$0	-90.4K	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	90.4K		See footnote	F1, F2, F6
transaction	CFLT	Series E Preferred Stock	Conversion of derivative security	$0	-17K	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	17K		See footnote	F1, F2, F6
transaction	CFLT	Class B Common Stock	Conversion of derivative security	$0	+460K		$0.00	460K	Jun 28, 2021	Class A Common Stock	460K		See footnote	F2, F6

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

Explanation of Responses:

Id	Content
F1	Each share of Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock automatically converted into one share of Class B Common Stock immediately upon the closing of the Issuer's initial public offering (IPO).
F2	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 will also be convertible at any time at the option of the Reporting Person into one share of Class A Common Stock.
F3	The shares are held by Index Ventures VII (Jersey), L.P. ("Index VII"). Index Venture Associates VII Limited ("IVA VII") is the managing general partner of Index VII and disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.
F4	The shares are held by Index Ventures VII Parallel Entrepreneur Fund (Jersey), L.P. ("Index VII Parallel"). IVA VII is the managing general partner of Index VII Parallel and disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.
F5	The shares are held by Index Ventures Growth IV (Jersey), L.P. ("Index Growth IV"). Index Venture Growth Associates IV Limited ("IVGA IV") is the managing general partner of Index Growth IV and disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.
F6	The shares are held by Yucca (Jersey) SLP ("Yucca"). Yucca is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Fund's investment in the issuer (in this case, Index Growth IV, Index VII and Index VII Parallel). Each of IVGA IV and IVA VII disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it for Section 16 or any other purpose.