Erica Schultz - Jun 6, 2023 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
President, Field Operations
Signature
/s/ Melanie Vinson, Attorney-in-fact
Stock symbol
CFLT
Transactions as of
Jun 6, 2023
Transactions value $
-$3,611,000
Form type
4
Date filed
6/8/2023, 07:13 PM
Previous filing
Jun 6, 2023
Next filing
Jun 12, 2023

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 +100K +20.85% 580K Jun 6, 2023 Direct F1
transaction CFLT Class A Common Stock Sale -$3.61M -100K -17.26% $36.11 480K Jun 6, 2023 Direct F2, F3
transaction CFLT Class A Common Stock Gift $0 -40.5K -100% $0.00* 0 Jun 7, 2023 See footnote F4, F5
transaction CFLT Class A Common Stock Gift $0 +40.5K $0.00 40.5K Jun 7, 2023 See footnote F6, F7
holding CFLT Class A Common Stock 11.5K Jun 6, 2023 See footnote F8
holding CFLT Class A Common Stock 55.4K Jun 6, 2023 See footnote F9
holding CFLT Class A Common Stock 79.1K Jun 6, 2023 See footnote F10
holding CFLT Class A Common Stock 13.5K Jun 6, 2023 See footnote F11
holding CFLT Class A Common Stock 200K Jun 6, 2023 See footnote 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 Stock Option (Right to Buy) Options Exercise $0 -100K -4.29% $0.00 2.23M Jun 6, 2023 Class B Common Stock 100K $3.41 Direct F13
transaction CFLT Class B Common Stock Options Exercise $0 +100K $0.00 100K Jun 6, 2023 Class A Common Stock 100K Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -100K -100% $0.00* 0 Jun 6, 2023 Class A Common Stock 100K Direct 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 $36.00 to $36.41. 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 Represents a share distribution from the holder to The Schultz Family Irrevocable Remainder Trust.
F5 The shares are held by The Erica Schultz 2021 Annuity Trust.
F6 Represents a share distribution received from The Erica Schultz 2021 Annuity Trust.
F7 The shares are held by The Schultz Family Irrevocable Remainder Trust. The reporting person has beneficial ownership over the shares held by The Schultz Family Irrevocable Remainder Trust.
F8 The shares are held by The Bryan and Erica Schultz Family Revocable Trust.
F9 The shares are held by the Erica Schultz 2022 Annuity Trust.
F10 The shares are held by the Erica Schultz 2023 Annuity Trust.
F11 The shares are held by The Ruliffson Schultz Extended Family Trust.
F12 The shares are held by The Schultz Family 2021 Irrevocable Beholder Trust.
F13 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.