Erica Schultz - 17 May 2022 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
President, Field Operations
Signature
/s/ Melanie Vinson, Attorney-in-fact
Issuer symbol
CFLT
Transactions as of
17 May 2022
Net transactions value
$0
Form type
4
Filing time
19 May 2022, 16:30:36 UTC
Previous filing
02 Mar 2022
Next filing
01 Jun 2022
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 +29,325 +28% 135,732 17 May 2022 Direct F1, F2

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 Stock Option (Right to Buy) Options Exercise $0 -29,325 -1.2% $0.000000 2,429,675 17 May 2022 Class B Common Stock 29,325 $3.41 Direct F3
transaction CFLT Class B Common Stock Options Exercise $0 +29,325 $0.000000 29,325 17 May 2022 Class A Common Stock 29,325 Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -29,325 -100% $0.000000* 0 17 May 2022 Class A Common Stock 29,325 Direct F1
holding CFLT Class B Common Stock 11,500 17 May 2022 Class A Common Stock 11,500 See footnote F1, F4
holding CFLT Class B Common Stock 175,000 17 May 2022 Class A Common Stock 175,000 See footnote F1, F5
holding CFLT Class B Common Stock 13,500 17 May 2022 Class A Common Stock 13,500 See footnote F1, F6
holding CFLT Class B Common Stock 200,000 17 May 2022 Class A Common Stock 200,000 See footnote F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes 105,019 shares that are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 50% of RSUs vest on February 20, 2025 and 50% of the RSUs vest of February 20, 2026, subject to the Reporting Person's continuous service through each such vesting date.
F3 The shares subject to the option are immediately exercisable. 25% of the shares vested on 10/28/2020 and the remainder vest in 36 equal monthly installments thereafter, subject to Reporting Person's continuous service through each such vesting date.
F4 The shares are held by The Bryan and Erica Schultz Family Revocable Trust.
F5 The shares are held by The Erica Schultz 2021 Annuity Trust u/a/d 3/25/2021.
F6 The shares are held by The Ruliffson Schultz Extended Family Trust.
F7 The shares are held by The Schultz Family 2021 Irrevocable Beholder Trust.