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
SEC: View on sec.gov

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

Showing 1 to 2 of 2 entries

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.