Michelangelo Volpi - Jun 23, 2021 Form 3 Insider Report for Confluent, Inc. (CFLT)

Role: Director
Signature: /s/ Michelangelo Volpi
Stock symbol: CFLT
Transactions as of: Jun 23, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/23/2021, 06:29 PM
Previous filing: Jun 7, 2021
Next filing: Jun 30, 2021

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
holding	CFLT	Series B Preferred Stock							Jun 23, 2021	Class B Common Stock	19.9M		See footnote	F1, F2, F3, F4
holding	CFLT	Series C Preferred Stock							Jun 23, 2021	Class B Common Stock	2.69M		See footnote	F1, F2, F3, F4
holding	CFLT	Series B Preferred Stock							Jun 23, 2021	Class B Common Stock	493K		See footnote	F1, F2, F4, F5
holding	CFLT	Series C Preferred Stock							Jun 23, 2021	Class B Common Stock	66.7K		See footnote	F1, F2, F4, F5
holding	CFLT	Series D Preferred Stock							Jun 23, 2021	Class B Common Stock	5.23M		See footnote	F1, F2, F4, F6
holding	CFLT	Series E Preferred Stock							Jun 23, 2021	Class B Common Stock	985K		See footnote	F1, F2, F4, F6
holding	CFLT	Series B Preferred Stock							Jun 23, 2021	Class B Common Stock	310K		See footnote	F1, F2, F4, F7
holding	CFLT	Series C Preferred Stock							Jun 23, 2021	Class B Common Stock	42K		See footnote	F1, F2, F4, F7
holding	CFLT	Series D Preferred Stock							Jun 23, 2021	Class B Common Stock	90.4K		See footnote	F1, F2, F4, F7
holding	CFLT	Series E Preferred Stock							Jun 23, 2021	Class B Common Stock	17K		See footnote	F1, F2, F4, F7

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

Explanation of Responses:

Id	Content
F1	Each share of Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock will automatically convert into one share of Class B Common Stock immediately upon the closing of the Issuer's initial public offering (IPO), and has no expiration date.
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	The shares are held by Index Ventures VII (Jersey), L.P. ("Index VII"). Index Venture Associates VII Limited ("IVA VII") is the managing general partner of Index VII and disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.
F4	The Reporting Person is a partner with the Index Ventures group. Advisors within the Index Ventures group provide advice to Index Ventures VII (Jersey), L.P., Index Ventures Growth IV (Jersey), L.P. and Yucca (Jersey) SLP (collectively, the "Index Funds"). The Reporting Person is involved in making recommendations to the Index Funds, but does not hold voting or dispositive power over the shares held by the Index Funds. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
F5	The shares are held by Index Ventures VII Parallel Entrepreneur Fund (Jersey), L.P. ("Index VII Parallel"). IVA VII is the managing general partner of Index VI Parallel and disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.
F6	The shares are held by Index Ventures Growth IV (Jersey), L.P. ("Index Growth III"). Index Venture Growth Associates IV Limited ("IVGA IV") is the managing general partner of Index Growth III and disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.
F7	The shares are held by Yucca (Jersey) SLP ("Yucca"). Yucca is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Fund's investment in the issuer (in this case, Index Growth IV, Index VII and Index VII Parallel). Each of IVGA IV and IVA VII disclaims Section 16 beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it for Section 16 or any other purpose.