Erica Schultz - Nov 29, 2023 Form 4 Insider Report for Confluent, Inc. (CFLT)

Role
President, Field Operations
Signature
/s/ Melanie Vinson, Attorney-in-fact
Stock symbol
CFLT
Transactions as of
Nov 29, 2023
Transactions value $
-$1,058,000
Form type
4
Date filed
11/30/2023, 07:00 PM
Previous filing
Nov 22, 2023
Next filing
Dec 5, 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 +10.43% 530K Nov 29, 2023 Direct F1
transaction CFLT Class A Common Stock Sale -$1.06M -50K -9.44% $21.16 480K Nov 29, 2023 Direct F2, F3
holding CFLT Class A Common Stock 40.5K Nov 29, 2023 See footnote F4
holding CFLT Class A Common Stock 11.5K Nov 29, 2023 See footnote F5
holding CFLT Class A Common Stock 55.4K Nov 29, 2023 See footnote F6
holding CFLT Class A Common Stock 79.1K Nov 29, 2023 See footnote F7
holding CFLT Class A Common Stock 13.5K Nov 29, 2023 See footnote F8
holding CFLT Class A Common Stock 200K Nov 29, 2023 See footnote F9

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 -2.35% $0.00 2.08M Nov 29, 2023 Class B Common Stock 50K $3.41 Direct F10
transaction CFLT Class B Common Stock Options Exercise $0 +50K $0.00 50K Nov 29, 2023 Class A Common Stock 50K Direct F1
transaction CFLT Class B Common Stock Conversion of derivative security $0 -50K -100% $0.00* 0 Nov 29, 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 dated August 19, 2023.
F3 The shares were sold at prices ranging from $20.71 to $21.36. 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 The shares are held by The Schultz Family Irrevocable Remainder Trust.
F5 The shares are held by The Bryan and Erica Schultz Family Revocable Trust.
F6 The shares are held by the Erica Schultz 2022 Annuity Trust.
F7 The shares are held by the Erica Schultz 2023 Annuity Trust.
F8 The shares are held by The Ruliffson Schultz Extended Family Trust.
F9 The shares are held by The Schultz Family 2021 Irrevocable Beholder Trust.
F10 The shares subject to the option are immediately exercisable. 25% of the shares vested on 10/28/2020 and the remainder vest in 36 equal monthly installments thereafter, subject to Reporting Person's continuous service through each such vesting date.