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

Role
Chief Financial Officer
Signature
/s/ Melanie Vinson, Attorney-in-fact
Issuer symbol
CFLT
Transactions as of
30 May 2023
Net transactions value
-$2,003,343
Form type
4
Filing time
01 Jun 2023, 18:16:52 UTC
Previous filing
18 Apr 2023
Next filing
07 Jun 2023
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 +66,667 +21% 380,338 30 May 2023 Direct F1
transaction CFLT Class A Common Stock Sale $2,003,343 -66,667 -18% $30.05 313,671 30 May 2023 Direct F2, F3

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 -66,667 -3.1% $0.000000 2,090,142 30 May 2023 Class B Common Stock 66,667 $6.65 Direct F4
transaction CFLT Class B Common Stock Conversion of derivative security $0 +66,667 $0.000000 66,667 30 May 2023 Class A Common Stock 66,667 Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -66,667 -100% $0.000000* 0 30 May 2023 Class A Common Stock 66,667 Direct F1
holding CFLT Class B Common Stock 150,425 30 May 2023 Class A Common Stock 150,425 By Family Trust F1
* 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 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 Shares sold pursuant to a 10b5-1 trading plan.
F3 The shares were sold at prices ranging from $30.00 to $30.43. 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.
F4 The shares subject to the option are immediately exercisable. 25% of the shares vested on June 15, 2021 and the remainder vest in 36 equal monthly installments thereafter, subject to Reporting Person's continuous service through each such vesting date.