Volpi Michelangelo's Form 4 filing
Confluent, Inc. (CFLT) · filed Dec 1, 2023
- Accession no.
- 0000950170-23-067321
- Filed
- Dec 1, 2023
- Trade date
- Nov 29-30, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 10 non-derivative transactions and 4 derivative transactions. Open-market sales total $6.73M. 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 |
|---|---|---|---|---|---|---|---|---|
| Nov 29, 2023 | Class A Common Stock | CConversionAcquired | +1,129,352 | $0.00F1 | $0 | 1,129,352 | Indirect | |
| Nov 29, 2023 | Class A Common Stock | CConversionAcquired | +27,984 | $0.00F3 | $0 | 27,984 | Indirect | |
| Nov 29, 2023 | Class A Common Stock | CConversionAcquired | +310,588 | $0.00F5 | $0 | 310,588 | Indirect | |
| Nov 29, 2023 | Class A Common Stock | CConversionAcquired | +22,995 | $0.00F7 | $0 | 22,995 | Indirect | |
| Nov 29, 2023 | Class A Common Stock | SSaleDisposed | −310,588 | $21.12F9 | −$6,559,618.56 | 0 | Indirect | |
| Nov 29, 2023 | Class A Common Stock | SSaleDisposed | −8,047 | $21.12F9 | −$169,952.64 | 14,948 | Indirect | |
| Nov 30, 2023 | Class A Common Stock | JOtherDisposed | −1,129,352 | $0.00F1 | $0 | 0 | Indirect | |
| Nov 30, 2023 | Class A Common Stock | JOtherDisposed | −27,984 | $0.00F3 | $0 | 0 | Indirect | |
| Nov 30, 2023 | Class A Common Stock | JOtherDisposed | −289,334 | $0.00F1,F3 | $0 | 0 | Indirect | |
| Nov 30, 2023 | Class A Common Stock | JOtherDisposed | −14,948 | $0.00F7 | $0 | 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 |
|---|---|---|---|---|---|---|---|---|
| Nov 29, 2023 | Class A Common Stock | CConversionDisposed | −1,129,352 | $0.00 | $0 | 5,646,760 | Indirect | |
| Nov 29, 2023 | Class A Common Stock | CConversionDisposed | −27,984 | $0.00 | $0 | 139,921 | Indirect | |
| Nov 29, 2023 | Class A Common Stock | CConversionDisposed | −310,588 | $0.00 | $0 | 1,552,939 | Indirect | |
| Nov 29, 2023 | Class A Common Stock | CConversionDisposed | −22,995 | $0.00 | $0 | 114,978 | 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 November 29, 2023, Index Ventures VII (Jersey) L.P. ("Index VII") converted in the aggregate 1,129,352 shares of the Issuer's Class B Common Stock into 1,129,352 shares of the Issuer's Class A Common Stock. Subsequently, on November 30, 2023, Index VII distributed in-kind, without consideration, 1,129,352 shares of Class A Common Stock pro-rata to its limited partners and its general partner, Index Venture Associates VII Limited ("IVA VII") 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"). On the same date, IVA VII distributed in-kind, without consideration, 282,338 shares of Class A Common Stock received in the Index VII distribution 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 3 transactions in Table I.
- F3
On November 29, 2023, Index VII Parallel converted in the aggregate 27,984 shares of the Issuer's Class B Common Stock into 27,984 shares of the Issuer's Class A Common Stock. Subsequently, on November 30, 2023 Index VII Parallel distributed in-kind, without consideration, 27,984 shares of Class A Common Stock pro-rata to its limited partners and its general partner, IVA VII in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act. On the same date, IVA VII distributed in-kind, without consideration, 6,996 shares of Class A Common Stock received in the Index VII distribution 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 3 transactions in Table I.
- F5
On November 29, 2023, Index Growth IV converted in the aggregate 310,588 shares of the Issuer's Class B Common Stock into 310,588 shares of the Issuer's Class A Common Stock.
Referenced by the price of 1 transaction in Table I.
- F7
On November 29, 2023, Yucca (Jersey) SLP ("Yucca") converted in the aggregate 22,995 shares of the Issuer's Class B Common Stock into 22,995 shares of the Issuer's Class A Common Stock. Subsequently, on November 30, 2023, Yucca distributed in-kind, without consideration, 14,948 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.
- F9
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.74 - $21.39. 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 2 transactions in Table I.