Confluent, Inc. — Director's Dealing 2022

May 19, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Confluent, Inc. (CFLT)
CIK: 0001699838
Period of Report: 2022-05-17

Reporting Person: Schultz Erica (President, Field Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-17	Class A Common Stock	C	29325	—	Acquired	135732	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-17	Stock Option (Right to Buy)	$3.41	M	29325	Disposed	2029-12-04	Class B Common Stock (29325)	Direct
2022-05-17	Class B Common Stock	$	M	29325	Acquired		Class A Common Stock (29325)	Direct
2022-05-17	Class B Common Stock	$	C	29325	Disposed		Class A Common Stock (29325)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (11500)	11500	Indirect
Class B Common Stock	$		Class A Common Stock (175000)	175000	Indirect
Class B Common Stock	$		Class A Common Stock (13500)	13500	Indirect
Class B Common Stock	$		Class A Common Stock (200000)	200000	Indirect

Footnotes

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: Includes 105,019 shares that are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 50% of RSUs vest on February 20, 2025 and 50% of the RSUs vest of February 20, 2026, subject to the Reporting Person's continuous service through each such vesting date.

F3: 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.

F4: The shares are held by The Bryan and Erica Schultz Family Revocable Trust.

F5: The shares are held by The Erica Schultz 2021 Annuity Trust u/a/d 3/25/2021.

F6: The shares are held by The Ruliffson Schultz Extended Family Trust.

F7: The shares are held by The Schultz Family 2021 Irrevocable Beholder Trust.