Edward Jay Kreps - Sep 5, 2023 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
Chief Executive Officer, Director
Signature
/s/ Melanie Vinson, Attorney-in-fact
Stock symbol
CFLT
Transactions as of
Sep 5, 2023
Transactions value $
-$7,735,009
Form type
4
Date filed
9/7/2023, 07:02 PM
Previous filing
Aug 16, 2023
Next filing
Dec 15, 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 +233K 233K Sep 5, 2023 Direct F1
transaction CFLT Class A Common Stock Sale -$5.31M -161K -69.04% $33.08 72K Sep 5, 2023 Direct F2, F3
transaction CFLT Class A Common Stock Sale -$2.43M -72K -100% $33.69 0 Sep 5, 2023 Direct F2, F4

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 Class B Common Stock Conversion of derivative security $0 -233K -1.28% $0.00 18M Sep 5, 2023 Class A Common Stock 233K Direct F1
holding CFLT Class B Common Stock 150K Sep 5, 2023 Class A Common Stock 150K See footnote F1, F5
holding CFLT Class B Common Stock 1M Sep 5, 2023 Class A Common Stock 1M See footnote F1, F6
holding CFLT Class B Common Stock 1M Sep 5, 2023 Class A Common Stock 1M See footnote F1, F7
* 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 adopted August 19, 2022.
F3 The shares were sold at prices ranging from $32.47 to $33.46. 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 were sold at prices ranging from $33.48 to $33.84. 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.
F5 The shares are held by The Edward J. Kreps and Jamaica H. Kreps 2018 Revocable Trust.
F6 The shares are held by the GST Exempt Trust under The Kreps Family 2019 Irrevocable Trust under agreement dated 9/26/2019.
F7 The shares are held by the GST Exempt Trust under The Kreps Family 2019 Irrevocable Trust under agreement dated 9/26/2019.