Close

Form 4 Confluent, Inc. For: Feb 26 Filed by: Schultz Erica

February 28, 2024 9:44 PM EST
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Schultz Erica

(Last) (First) (Middle)
C/O CONFLUENT, INC.
899 W. EVELYN AVENUE

(Street)
MOUNTAIN VIEW CA 94041

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Confluent, Inc. [ CFLT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
PRESIDENT, FIELD OPERATIONS
3. Date of Earliest Transaction (Month/Day/Year)
02/26/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 02/26/2024   C   63,729 A $ 0 (1) 544,200 (2) D  
Class A Common Stock 02/26/2024   S   58,997 (3) D $ 33.45 (4) 485,203 (2) D  
Class A Common Stock 02/26/2024   S   4,732 (3) D $ 34.06 (5) 480,471 (2) D  
Class A Common Stock 02/26/2024   A (6)   226,244 A $ 0 706,715 (2) D  
Class A Common Stock               40,487 I See footnote (7)
Class A Common Stock               11,500 I See footnote (8)
Class A Common Stock               55,422 I See footnote (9)
Class A Common Stock               79,091 I See footnote (10)
Class A Common Stock               13,500 I See footnote (11)
Class A Common Stock               200,000 I See footnote (12)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
Stock Option (Right to Buy) $ 3.41 02/26/2024   M     63,729   (13) 12/04/2029 Class B Common Stock 63,729 $ 0 1,727,217 D  
Class B Common Stock (1) 02/26/2024   M   63,729     (1)   (1) Class A Common Stock 63,729 $ 0 63,729 D  
Class B Common Stock (1) 02/26/2024   C     63,729   (1)   (1) Class A Common Stock 63,729 $ 0 0 D  
Explanation of Responses:
1. 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.
2. Includes 934 shares purchased through the Issuer's employee stock purchase plan on February 15, 2024.
3. Shares sold pursuant to a 10b5-1 trading plan dated August 19, 2023.
4. The shares were sold at prices ranging from $32.92 to $33.91. 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.
5. The shares were sold at prices ranging from $33.92 to $34.29. 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.
6. The shares 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. The RSU Award will vest over three years measured from 2/20/2024, with 1/12 of the RSUs subject to the RSU Award vesting three months after 2/20/2024 and 1/12 of the RSUs vesting every three months thereafter, subject to the Reporting Person's Continuous Service with the Issuer through each respective vesting date.
7. The shares are held by The Schultz Family Irrevocable Remainder Trust.
8. The shares are held by The Bryan and Erica Schultz Family Revocable Trust.
9. The shares are held by the Erica Schultz 2022 Annuity Trust.
10. The shares are held by the Erica Schultz 2023 Annuity Trust.
11. The shares are held by The Ruliffson Schultz Extended Family Trust.
12. The shares are held by The Schultz Family 2021 Irrevocable Beholder Trust.
13. 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.
/s/ Melanie Vinson, Attorney-in-Fact 02/28/2024
** 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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings