Erica Schultz - Feb 21, 2025 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
Feb 21, 2025
Transactions value $
-$7,447,333
Form type
4
Date filed
2/25/2025, 06:22 PM
Previous filing
Feb 18, 2025
Next filing
Mar 6, 2025
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 Sale -$4M -127K -18.66% $31.58 552K Feb 21, 2025 Direct F1, F2, F3
transaction CFLT Class A Common Stock Conversion of derivative security +63.7K +11.54% 616K Feb 25, 2025 Direct F3, F4
transaction CFLT Class A Common Stock Sale -$763K -25.7K -4.18% $29.62 590K Feb 25, 2025 Direct F3, F5, F6
transaction CFLT Class A Common Stock Sale -$2.68M -88K -14.9% $30.49 502K Feb 25, 2025 Direct F3, F5, F7
holding CFLT Class A Common Stock 62.4K Feb 21, 2025 See footnote F8
holding CFLT Class A Common Stock 92.7K Feb 21, 2025 See footnote F9
holding CFLT Class A Common Stock 31.4K Feb 21, 2025 See footnote F10
holding CFLT Class A Common Stock 200K Feb 21, 2025 See footnote F11

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 -63.7K -7.82% $0.00 751K Feb 25, 2025 Class B Common Stock 63.7K $3.41 Direct F12
transaction CFLT Class B Common Stock Options Exercise $0 +63.7K $0.00 63.7K Feb 25, 2025 Class A Common Stock 63.7K Direct F4
transaction CFLT Class B Common Stock Conversion of derivative security $0 -63.7K -100% $0.00 0 Feb 25, 2025 Class A Common Stock 63.7K Direct F4
* 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 Represents the number of shares sold by the reporting person to cover the tax obligation realized upon the vesting of restricted stock units previously reported in Table I.
F2 The shares were sold at prices ranging from $30.75 to $31.59. 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.
F3 Includes 1,138 shares purchased through the Issuer's Employee Stock Purchase Plan on February 14, 2025.
F4 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.
F5 Shares sold pursuant to a 10b5-1 trading plan dated August 15, 2024.
F6 The shares were sold at prices ranging from $29.01 to $29.99. 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.
F7 The shares were sold at prices ranging from $30.02 to $30.88. 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.
F8 The shares are held by The Schultz Family Irrevocable Remainder Trust.
F9 The shares are held by The Bryan and Erica Schultz Family Revocable Trust.
F10 The shares are held by the Erica Schultz 2023 Annuity Trust.
F11 The shares are held by The Schultz Family 2021 Irrevocable Beholder Trust.
F12 Fully vested.