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Confluent, Inc. — Director's Dealing 2024
Nov 26, 2024
30829_dirs_2024-11-25_6512d9b2-38cb-40fb-9ae4-154c7edd01b0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Confluent, Inc. (CFLT)
CIK: 0001699838
Period of Report: 2024-11-21
Reporting Person: MILLER MATTHEW CRAIG (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-21 | Class A Common Stock | C | 61948 | — | Acquired | 61948 | Indirect |
| 2024-11-21 | Class A Common Stock | S | 61948 | $30.3051 | Disposed | 0 | Indirect |
| 2024-11-21 | Class A Common Stock | C | 396917 | — | Acquired | 396917 | Indirect |
| 2024-11-21 | Class A Common Stock | S | 396917 | $30.3051 | Disposed | 0 | Indirect |
| 2024-11-21 | Class A Common Stock | S | 82985 | $30.3883 | Disposed | 9830 | Indirect |
| 2024-11-22 | Class A Common Stock | C | 60817 | — | Acquired | 60817 | Indirect |
| 2024-11-22 | Class A Common Stock | S | 52067 | $31.5886 | Disposed | 8750 | Indirect |
| 2024-11-22 | Class A Common Stock | S | 8750 | $32.0424 | Disposed | 0 | Indirect |
| 2024-11-22 | Class A Common Stock | C | 389671 | — | Acquired | 389671 | Indirect |
| 2024-11-22 | Class A Common Stock | S | 333611 | $31.5886 | Disposed | 56060 | Indirect |
| 2024-11-22 | Class A Common Stock | S | 56060 | $32.0424 | Disposed | 0 | Indirect |
| 2024-11-25 | Class A Common Stock | C | 21316 | — | Acquired | 21316 | Indirect |
| 2024-11-25 | Class A Common Stock | S | 21316 | $32.8776 | Disposed | 0 | Indirect |
| 2024-11-25 | Class A Common Stock | C | 136574 | — | Acquired | 136574 | Indirect |
| 2024-11-25 | Class A Common Stock | S | 136574 | $32.8776 | Disposed | 0 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-21 | Class B Common Stock | $ | C | 61948 | Disposed | Class A Common Stock (61948) | Indirect | |
| 2024-11-21 | Class B Common Stock | $ | C | 396917 | Disposed | Class A Common Stock (396917) | Indirect | |
| 2024-11-22 | Class B Common Stock | $ | C | 60817 | Disposed | Class A Common Stock (60817) | Indirect | |
| 2024-11-22 | Class B Common Stock | $ | C | 389671 | Disposed | Class A Common Stock (389671) | Indirect | |
| 2024-11-25 | Class B Common Stock | $ | C | 21316 | Disposed | Class A Common Stock (21316) | Indirect | |
| 2024-11-25 | Class B Common Stock | $ | C | 136574 | Disposed | Class A Common Stock (136574) | Indirect |
Footnotes
F1: The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date. In addition, upon any transfer of shares of Class B Common Stock, each such transferred share will automatically convert into one share of Class A Common Stock, except for certain "Permitted Transfers" described in the Issuer's certificate of incorporation.
F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.76. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F3: The sales reported on this Form 4 by the estate planning vehicle were effected pursuant to a Rule 10b5-1 trading plan adopted on June 13, 2024 by the Reporting Person.
F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.84. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the range set forth above.
F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.9500 to $31.9495. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F6: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.95 to $32.24. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F7: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.28 to $33.26. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
F8: The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of Sequoia Capital Fund Management, L.P., which is the general partner of Sequoia Capital Fund, LP ("SCF") and the managing member of Sequoia Capital Fund Parallel, LLC ("SCFP"). The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.