Director Miller Matthew Craig converted options into 2,134,486 shares and sold $58,339,984 worth of shares (2,134,486 units at $27.33) (SEC Form 4)
$CFLT
Computer Software: Prepackaged Software
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a 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). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Confluent, Inc. [ CFLT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/06/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock | 11/06/2024 | C(1) | 144,081 | A | $0 | 144,081 | I | Sequoia Capital Fund Parallel, LLC(4) | ||
| Class A Common Stock | 11/06/2024 | S | 144,081 | D | $27.1522(2) | 0 | I | Sequoia Capital Fund Parallel, LLC(4) | ||
| Class A Common Stock | 11/06/2024 | C(1) | 923,163 | A | $0 | 923,163 | I | Sequoia Capital Fund, LP(4) | ||
| Class A Common Stock | 11/06/2024 | S | 923,163 | D | $27.1522(2) | 0 | I | Sequoia Capital Fund, LP(4) | ||
| Class A Common Stock | 11/07/2024 | C(1) | 144,080 | A | $0 | 144,080 | I | Sequoia Capital Fund Parallel, LLC(4) | ||
| Class A Common Stock | 11/07/2024 | S | 144,080 | D | $27.512(3) | 0 | I | Sequoia Capital Fund Parallel, LLC(4) | ||
| Class A Common Stock | 11/07/2024 | C(1) | 923,162 | A | $0 | 923,162 | I | Sequoia Capital Fund, LP(4) | ||
| Class A Common Stock | 11/07/2024 | S | 923,162 | D | $27.512(3) | 0 | I | Sequoia Capital Fund, LP(4) | ||
| Class A Common Stock | 109,627 | I | Estate planning vehicle | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Class B Common Stock | (1) | 11/06/2024 | C(1) | 144,081 | (1) | (1) | Class A Common Stock | 144,081 | $0 | 1,008,564 | I | Sequoia Capital Fund Parallel, LLC(3) | |||
| Class B Common Stock | (1) | 11/06/2024 | C(1) | 923,163 | (1) | (1) | Class A Common Stock | 923,163 | $0 | 6,462,137 | I | Sequoia Capital Fund, LP(3) | |||
| Class B Common Stock | (1) | 11/07/2024 | C(1) | 144,080 | (1) | (1) | Class A Common Stock | 144,080 | $0 | 864,484 | I | Sequoia Capital Fund Parallel, LLC(3) | |||
| Class B Common Stock | (1) | 11/07/2024 | C(1) | 923,162 | (1) | (1) | Class A Common Stock | 923,162 | $0 | 5,538,975 | I | Sequoia Capital Fund, LP(3) | |||
| Explanation of Responses: |
| 1. 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. |
| 2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.00 to $27.53. 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 purchased at each separate price within the ranges set forth above. |
| 3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.30 to $28.00. 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 purchased at each separate price within the ranges set forth above. |
| 4. 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. |
| By: /s/ Jung Yeon Son, by power of attorney for Matthew Craig Miller | 11/08/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||