Stephanie Buscemi - Nov 22, 2024 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
CHIEF MARKETING OFFICER
Signature
/s/ Melanie Vinson, Attorney-in-Fact
Stock symbol
CFLT
Transactions as of
Nov 22, 2024
Transactions value $
-$1,566,772
Form type
4
Date filed
11/26/2024, 07:00 PM
Previous filing
Nov 22, 2024

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 +22.9K +15.87% 167K Nov 22, 2024 Direct F1
transaction CFLT Class A Common Stock Sale -$710K -22.9K -13.69% $31.00 144K Nov 22, 2024 Direct F2
transaction CFLT Class A Common Stock Conversion of derivative security +26K +18.04% 170K Nov 25, 2024 Direct F1
transaction CFLT Class A Common Stock Sale -$857K -26K -15.28% $32.89 144K Nov 25, 2024 Direct F2

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 -22.9K -2.92% $0.00 763K Nov 22, 2024 Class B Common Stock 22.9K $15.68 Direct F3
transaction CFLT Class B Common Stock Options Exercise $0 +22.9K $0.00 22.9K Nov 22, 2024 Class A Common Stock 22.9K Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -22.9K -100% $0.00 0 Nov 22, 2024 Class A Common Stock 22.9K Direct F1
transaction CFLT Stock Option (Right to Buy) Options Exercise $0 -26K -3.42% $0.00 737K Nov 25, 2024 Class B Common Stock 26K $15.68 Direct F3
transaction CFLT Class B Common Stock Options Exercise $0 +26K $0.00 26K Nov 25, 2024 Class A Common Stock 26K Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -26K -100% $0.00 0 Nov 25, 2024 Class A Common Stock 26K 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 June 14, 2024.
F3 Twenty-five percent of the shares subject to the option vested on 3/8/2022 and the balance of the shares vest monthly thereafter for the following 3 years, subject to the reporting person's continued service as of each such vesting date.