Volpi Michelangelo's Form 4 filing
Confluent, Inc. (CFLT) · filed May 20, 2022
- Accession no.
- 0000899243-22-019019
- Filed
- May 20, 2022
- Trade date
- May 18, 2022
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 17 non-derivative transactions and 4 derivative transactions. Open-market sales total $384.9K. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Volpi MichelangeloCIK 0001626464 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 18, 2022 | Class A Common Stock | CConversionAcquired | +2,253,905 | $0.00F1 | $0 | 2,258,702 | Indirect | |
| May 18, 2022 | Class A Common Stock | JOtherDisposed | −2,253,905 | $0.00F1 | $0 | 4,797 | Indirect | |
| May 18, 2022 | Class A Common Stock | SSaleDisposed | −2,719 | $17.83F4 | −$48,479.77 | 2,078 | Indirect | |
| May 18, 2022 | Class A Common Stock | SSaleDisposed | −1,878 | $18.81F5 | −$35,325.18 | 200 | Indirect | |
| May 18, 2022 | Class A Common Stock | SSaleDisposed | −200 | $19.32F6 | −$3,864 | 0 | Indirect | |
| May 18, 2022 | Class A Common Stock | CConversionAcquired | +55,850 | $0.00F7 | $0 | 55,969 | Indirect | |
| May 18, 2022 | Class A Common Stock | JOtherDisposed | −55,850 | $0.00F7 | $0 | 119 | Indirect | |
| May 18, 2022 | Class A Common Stock | SSaleDisposed | −67 | $17.83F4 | −$1,194.61 | 52 | Indirect | |
| May 18, 2022 | Class A Common Stock | SSaleDisposed | −47 | $18.81F5 | −$884.07 | 5 | Indirect | |
| May 18, 2022 | Class A Common Stock | SSaleDisposed | −5 | $19.32F6 | −$96.6 | 0 | Indirect | |
| May 18, 2022 | Class A Common Stock | CConversionAcquired | +621,175 | $0.00F10 | $0 | 621,175 | Indirect | |
| May 18, 2022 | Class A Common Stock | JOtherDisposed | −621,175 | $0.00F10 | $0 | 0 | Indirect | |
| May 18, 2022 | Class A Common Stock | CConversionAcquired | +45,916 | $0.00F12 | $0 | 45,991 | Indirect | |
| May 18, 2022 | Class A Common Stock | JOtherDisposed | −29,849 | $0.00F12 | $0 | 16,142 | Indirect | |
| May 18, 2022 | Class A Common Stock | SSaleDisposed | −9,150 | $17.83F4 | −$163,144.5 | 6,992 | Indirect | |
| May 18, 2022 | Class A Common Stock | SSaleDisposed | −6,320 | $18.81F5 | −$118,879.2 | 672 | Indirect | |
| May 18, 2022 | Class A Common Stock | SSaleDisposed | −672 | $19.32F6 | −$12,983.04 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 18, 2022 | Class A Common Stock | CConversionDisposed | −2,253,905 | $0.00 | $0 | 20,328,331 | Indirect | |
| May 18, 2022 | Class A Common Stock | CConversionDisposed | −55,850 | $0.00 | $0 | 503,718 | Indirect | |
| May 18, 2022 | Class A Common Stock | CConversionDisposed | −621,175 | $0.00 | $0 | 5,590,578 | Indirect | |
| May 18, 2022 | Class A Common Stock | CConversionDisposed | −45,916 | $0.00 | $0 | 413,918 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On May 18, 2022, Index Ventures VII (Jersey) L.P. ("Index VII") converted in the aggregate 2,253,905 shares of the Issuer's Class B Common Stock into 2,253,905 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index VII distributed in-kind, without consideration, 2,253,905 shares of Class A Common Stock pro-rata to its limited partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
Referenced by the price of 2 transactions in Table I.
- F4
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.24 - $18.23. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 3 transactions in Table I.
- F5
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.24 - $19.23. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 3 transactions in Table I.
- F6
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.24 - $19.44. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 3 transactions in Table I.
- F7
On May 18, 2022, Index VII Parallel converted in the aggregate 55,850 shares of the Issuer's Class B Common Stock into 55,850 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index VII Parallel distributed in-kind, without consideration, 55,850 shares of Class A Common Stock pro-rata to its limited partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
Referenced by the price of 2 transactions in Table I.
- F10
On May 18, 2022, Index Growth IV converted in the aggregate 621,175 shares of the Issuer's Class B Common Stock into 621,175 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index Growth IV distributed in-kind, without consideration, 621,175 shares of Class A Common Stock pro-rata to its limited partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
Referenced by the price of 2 transactions in Table I.
- F12
On May 18, 2022, Yucca (Jersey) SLP ("Yucca") converted in the aggregate 45,916 shares of the Issuer's Class B Common Stock into 45,916 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Yucca distributed in-kind, without consideration, 29,849 shares of Class A Common Stock pro-rata to its partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
Referenced by the price of 2 transactions in Table I.