Erica Schultz - 20 Nov 2024 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
20 Nov 2024
Net transactions value
-$2,547,253
Form type
4
Filing time
22 Nov 2024, 18:00:14 UTC
Previous filing
20 Nov 2024
Next filing
27 Nov 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 Sale $267,253 -9,467 -1.4% $28.23 678,016 20 Nov 2024 Direct F1
transaction CFLT Class A Common Stock Conversion of derivative security +75,000 +11% 753,016 21 Nov 2024 Direct F2
transaction CFLT Class A Common Stock Sale $2,280,000 -75,000 -10% $30.40 678,016 21 Nov 2024 Direct F3, F4
holding CFLT Class A Common Stock 62,374 20 Nov 2024 See footnote F5
holding CFLT Class A Common Stock 92,707 20 Nov 2024 See footnote F6
holding CFLT Class A Common Stock 31,419 20 Nov 2024 See footnote F7
holding CFLT Class A Common Stock 200,000 20 Nov 2024 See footnote F8

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 -75,000 -5.8% $0.000000 1,219,843 21 Nov 2024 Class B Common Stock 75,000 $3.41 Direct F9
transaction CFLT Class B Common Stock Options Exercise $0 +75,000 $0.000000 75,000 21 Nov 2024 Class A Common Stock 75,000 Direct F2
transaction CFLT Class B Common Stock Conversion of derivative security $0 -75,000 -100% $0.000000 0 21 Nov 2024 Class A Common Stock 75,000 Direct F2
* 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 Represents the number of shares sold by the reporting person to cover the tax obligation realized upon the vesting of restricted stock units previously reported in Table I.
F2 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.
F3 Shares sold pursuant to a 10b5-1 trading plan dated August 15, 2024.
F4 The shares were sold at prices ranging from $30.00 to $30.80. 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 Schultz Family Irrevocable Remainder Trust.
F6 The shares are held by The Bryan and Erica Schultz Family Revocable Trust.
F7 The shares are held by the Erica Schultz 2023 Annuity Trust.
F8 The shares are held by The Schultz Family 2021 Irrevocable Beholder Trust.
F9 Fully vested.