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

Role
CHIEF MARKETING OFFICER
Signature
/s/ Melanie Vinson, Attorney-in-Fact
Issuer symbol
CFLT
Transactions as of
22 Nov 2024
Net transactions value
-$1,566,772
Form type
4
Filing time
26 Nov 2024, 19:00:06 UTC
Previous filing
22 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 Conversion of derivative security +22,906 +16% 167,279 22 Nov 2024 Direct F1
transaction CFLT Class A Common Stock Sale $710,086 -22,906 -14% $31.00 144,373 22 Nov 2024 Direct F2
transaction CFLT Class A Common Stock Conversion of derivative security +26,047 +18% 170,420 25 Nov 2024 Direct F1
transaction CFLT Class A Common Stock Sale $856,686 -26,047 -15% $32.89 144,373 25 Nov 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 -22,906 -2.9% $0.000000 762,692 22 Nov 2024 Class B Common Stock 22,906 $15.68 Direct F3
transaction CFLT Class B Common Stock Options Exercise $0 +22,906 $0.000000 22,906 22 Nov 2024 Class A Common Stock 22,906 Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -22,906 -100% $0.000000 0 22 Nov 2024 Class A Common Stock 22,906 Direct F1
transaction CFLT Stock Option (Right to Buy) Options Exercise $0 -26,047 -3.4% $0.000000 736,645 25 Nov 2024 Class B Common Stock 26,047 $15.68 Direct F3
transaction CFLT Class B Common Stock Options Exercise $0 +26,047 $0.000000 26,047 25 Nov 2024 Class A Common Stock 26,047 Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -26,047 -100% $0.000000 0 25 Nov 2024 Class A Common Stock 26,047 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.