Stephanie Buscemi - Jun 5, 2023 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
Jun 5, 2023
Transactions value $
-$1,750,500
Form type
4
Date filed
6/7/2023, 07:30 PM
Previous filing
Jun 5, 2023
Next filing
Aug 24, 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 +50K +42.55% 168K Jun 5, 2023 Direct F1
transaction CFLT Class A Common Stock Sale -$1.75M -50K -29.85% $35.01 118K Jun 5, 2023 Direct F2, F3

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 -50K -5.06% $0.00 938K Jun 5, 2023 Class B Common Stock 50K $15.68 Direct F4
transaction CFLT Class B Common Stock Options Exercise $0 +50K $0.00 50K Jun 5, 2023 Class A Common Stock 50K Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -50K -100% $0.00* 0 Jun 5, 2023 Class A Common Stock 50K 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.
F3 The shares were sold at prices ranging from $35.00 to $35.08. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 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.