Matthew Craig Miller - Feb 9, 2024 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role: Director
Signature: By: /s/ Jung Yeon Son, by power of attorney for Matthew Craig Miller
Stock symbol: CFLT
Transactions as of: Feb 9, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/12/2024, 06:47 PM
Previous filing: Aug 10, 2023
Next filing: Feb 16, 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	$0	+2.19M		$0.00	2.19M	Feb 9, 2024	Sequoia Capital U.S. Growth Fund VIII, L.P.	F1, F3, F4
transaction	CFLT	Class A Common Stock	Other	$0	-2.19M	-100%	$0.00^*	0	Feb 9, 2024	Sequoia Capital U.S. Growth Fund VIII, L.P.	F2, F3, F4
transaction	CFLT	Class A Common Stock	Conversion of derivative security	$0	+202K		$0.00	202K	Feb 9, 2024	Sequoia Grove II, LLC	F1, F6
transaction	CFLT	Class A Common Stock	Other	$0	-202K	-100%	$0.00^*	0	Feb 9, 2024	Sequoia Grove II, LLC	F2, F6
transaction	CFLT	Class A Common Stock	Conversion of derivative security	$0	+56.3K	+30.68%	$0.00	240K	Feb 9, 2024	Estate planning vehicle	F1
transaction	CFLT	Class A Common Stock	Other	$0	+2.86K	+1.19%	$0.00	243K	Feb 9, 2024	Estate planning vehicle	F2
transaction	CFLT	Class A Common Stock	Conversion of derivative security	$0	+29.1K		$0.00	29.1K	Feb 12, 2024	Sequoia Capital Fund Parallel, LLC	F1, F5
transaction	CFLT	Class A Common Stock	Other	$0	-29.1K	-100%	$0.00^*	0	Feb 12, 2024	Sequoia Capital Fund Parallel, LLC	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	Class B Common Stock	Conversion of derivative security	$0	-2.19M	-100%	$0.00^*	0	Feb 9, 2024	Class A Common Stock	2.19M		Sequoia Capital U.S. Growth Fund VIII, L.P.	F1, F3, F4
transaction	CFLT	Class B Common Stock	Conversion of derivative security	$0	-202K	-100%	$0.00^*	0	Feb 9, 2024	Class A Common Stock	202K		Sequoia Grove II, LLC	F1, F6
transaction	CFLT	Class B Common Stock	Conversion of derivative security	$0	-56.3K	-100%	$0.00^*	0	Feb 9, 2024	Class A Common Stock	56.3K		Estate planning vehicle	F1
transaction	CFLT	Class B Common Stock	Conversion of derivative security	$0	-29.1K	-1.57%	$0.00	1.83M	Feb 12, 2024	Class A Common Stock	29.1K		Sequoia Capital Fund Parallel, LLC	F1, F5
holding	CFLT	Class B Common Stock						11M	Feb 9, 2024	Class A Common Stock	11M		Sequoia Capital Fund, LP	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date. In addition, upon any transfer of shares of Class B Common Stock, each such transferred share will automatically convert into one share of Class A Common Stock, except for certain "Permitted Transfers" described in the Issuer's certificate of incorporation.
F2	Represents a pro rata in-kind distribution of shares of Common Stock of the Issuer to partners or members for no consideration and includes subsequent distributions by general partners or managing members to their respective partners or members and, in certain cases, the contribution by such partners or members to the applicable recipient fund.
F3	The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P.
F4	(Continued from Footnote 3) The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F5	The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of Sequoia Capital Fund Management, L.P., which is the general partner of each of Sequoia Capital Fund, LP ("SCF") and Sequoia Capital Fund Parallel, LLC ("SCFP"). The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F6	The Reporting Person is a member of Sequoia Grove II, LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.