Ying Christina Liu - 09 May 2024 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
CHIEF ACCOUNTING OFFICER
Signature
/s/ Melanie Vinson, Attorney-in-Fact
Issuer symbol
CFLT
Transactions as of
09 May 2024
Net transactions value
-$2,231,961
Form type
4
Filing time
10 May 2024, 19:00:25 UTC
Previous filing
22 Mar 2024
Next filing
22 May 2024
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 +68,000 +40% 236,338 09 May 2024 Direct F1
transaction CFLT Class A Common Stock Sale $2,112,080 -68,000 -29% $31.06 168,338 09 May 2024 Direct F2, F3
transaction CFLT Class A Common Stock Conversion of derivative security +4,000 +2.4% 172,338 10 May 2024 Direct F1
transaction CFLT Class A Common Stock Sale $108,614 -3,635 -2.1% $29.88 168,703 10 May 2024 Direct F2, F4
transaction CFLT Class A Common Stock Sale $11,268 -365 -0.22% $30.87 168,338 10 May 2024 Direct F2, F5

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 -68,000 -17% $0.000000 332,000 09 May 2024 Class B Common Stock 68,000 $15.68 Direct F6
transaction CFLT Class B Common Stock Options Exercise $0 +68,000 $0.000000 68,000 09 May 2024 Class A Common Stock 68,000 Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -68,000 -100% $0.000000* 0 09 May 2024 Class A Common Stock 68,000 Direct F1
transaction CFLT Stock Option (Right to Buy) Options Exercise $0 -4,000 -1.2% $0.000000 328,000 10 May 2024 Class B Common Stock 4,000 $15.68 Direct F6
transaction CFLT Class B Common Stock Options Exercise $0 +4,000 $0.000000 4,000 10 May 2024 Class A Common Stock 4,000 Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -4,000 -100% $0.000000* 0 10 May 2024 Class A Common Stock 4,000 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 dated November 29, 2023.
F3 The shares were sold at prices ranging from $30.69 to $31.57. 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 $29.38 to $30.34. 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 were sold at prices ranging from $30.51 to $31.15. 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.
F6 The shares subject to the option are immediately exercisable. 25% of the shares vested on March 18, 2022 and the remainder vest in 36 equal monthly installments thereafter, subject to Reporting Person's continuous service through each such vesting date.