Michelangelo Volpi - May 30, 2023 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
Director
Signature
/s/ Michelangelo Volpi
Stock symbol
CFLT
Transactions as of
May 30, 2023
Transactions value $
-$9,836,868
Form type
4
Date filed
6/1/2023, 04:30 PM
Previous filing
May 9, 2023
Next filing
Jun 9, 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 $0 +1.13M $0.00 1.13M May 30, 2023 By Index Ventures VII (Jersey) L.P. F1, F2
transaction CFLT Class A Common Stock Conversion of derivative security $0 +28K $0.00 28K May 30, 2023 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4
transaction CFLT Class A Common Stock Conversion of derivative security $0 +311K $0.00 311K May 30, 2023 By Index Ventures Growth IV (Jersey) L.P. F5, F6
transaction CFLT Class A Common Stock Conversion of derivative security $0 +23K $0.00 23K May 30, 2023 By Yucca (Jersey) SLP F7, F8
transaction CFLT Class A Common Stock Sale -$9.59M -311K -100% $30.87 0 May 30, 2023 By Index Ventures Growth IV (Jersey) L.P. F2, F9
transaction CFLT Class A Common Stock Sale -$248K -8.05K -34.99% $30.87 14.9K May 30, 2023 By Yucca (Jersey) SLP F4, F9
transaction CFLT Class A Common Stock Other $0 -1.13M -100% $0.00* 0 May 31, 2023 By Index Ventures VII (Jersey) L.P. F1, F2
transaction CFLT Class A Common Stock Other $0 -28K -100% $0.00* 0 May 31, 2023 By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4
transaction CFLT Class A Common Stock Other $0 -289K -100% $0.00* 0 May 31, 2023 By Index Venture Associates VII Limited F1, F3, F10
transaction CFLT Class A Common Stock Other $0 -14.9K -100% $0.00* 0 May 31, 2023 By Yucca (Jersey) SLP F7, F8
holding CFLT Class A Common Stock 182K May 30, 2023 Direct F11
holding CFLT Class A Common Stock 95.8K May 30, 2023 By Trust F11, F12

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 -1.13M -11.11% $0.00 9.03M May 30, 2023 Class A Common Stock 1.13M By Index Ventures VII (Jersey) L.P. F1, F2, F13
transaction CFLT Class B Common Stock Conversion of derivative security $0 -28K -11.11% $0.00 224K May 30, 2023 Class A Common Stock 28K By Index Ventures VII Parallel Entrepreneur Fund (Jersey) L.P. F3, F4, F13
transaction CFLT Class B Common Stock Conversion of derivative security $0 -311K -11.11% $0.00 2.48M May 30, 2023 Class A Common Stock 311K By Index Ventures Growth IV (Jersey) L.P. F5, F6, F13
transaction CFLT Class B Common Stock Conversion of derivative security $0 -23K -11.11% $0.00 184K May 30, 2023 Class A Common Stock 23K By Yucca (Jersey) SLP F7, F8, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 30, 2023, Index Ventures VII (Jersey) L.P. ("Index VII") converted in the aggregate 1,129,352 shares of the Issuer's Class B Common Stock into 1,129,352 shares of the Issuer's Class A Common Stock. Subsequently, on May 31, 2023, Index VII distributed in-kind, without consideration, 1,129,352 shares of Class A Common Stock pro-rata to its limited partners and its general partner, Index Venture Associates VII Limited ("IVA VII") in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). On the same date, IVA VII distributed in-kind, without consideration, 282,338 shares of Class A Common Stock received in the Index VII distribution pro-rata to its partners, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F2 The shares are held by Index VII. IVA VII is the general partner of Index VII. The reporting person is a partner within the Index Ventures group. Advisors within the Index Ventures group provide advice to each of Index VII, Index Ventures VII Parallel Entrepreneur Fund (Jersey), L.P. ("Index VII Parallel") and Index Ventures Growth IV (Jersey) L.P. ("Index Growth IV"). The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.
F3 On May 30, 2023, Index VII Parallel converted in the aggregate 27,984 shares of the Issuer's Class B Common Stock into 27,984 shares of the Issuer's Class A Common Stock. Subsequently, on May 31, 2023 Index VII Parallel distributed in-kind, without consideration, 27,984 shares of Class A Common Stock pro-rata to its limited partners and its general partner, IVA VII in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act. On the same date, IVA VII distributed in-kind, without consideration, 6,996 shares of Class A Common Stock received in the Index VII distribution pro-rata to its partners, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F4 The shares are held by Index VII Parallel. IVA VII is the general partner of Index VII Parallel. The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.
F5 On May 30, 2023, Index Growth IV converted in the aggregate 310,588 shares of the Issuer's Class B Common Stock into 310,588 shares of the Issuer's Class A Common Stock.
F6 The shares are held by Index Growth IV. Index Venture Growth Associates IV Limited ("IVGA IV") is the general partner of Index Growth IV. The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.
F7 On May 30, 2023, Yucca (Jersey) SLP ("Yucca") converted in the aggregate 22,995 shares of the Issuer's Class B Common Stock into 22,995 shares of the Issuer's Class A Common Stock. Subsequently, on May 31, 2023, Yucca distributed in-kind, without consideration, 14,948 shares of Class A Common Stock pro-rata to its partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F8 The shares are held of record by Yucca. Yucca is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Index funds' investment in the Issuer. The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.
F9 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.45 - $31.18. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 The shares are held of record by IVA VII.
F11 Includes shares of Class A Common Stock received in the distributions described herein made in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
F12 The shares are held by the Volpi-Cupal Family Trust, of which the reporting person serves as trustee. The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.
F13 Each share of Class B Common Stock 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 is also convertible at any time at the option of the holder into one share of Class A Common Stock.