SEC Filing | Confluent, Inc.

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SEC FORM 4 SEC Form 4

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).

1. Name and Address of Reporting Person^*

MILLER MATTHEW CRAIG

(Last)

(First)

(Middle)

2800 SAND HILL ROAD, SUITE 101

(Street)

MENLO PARK

94025

(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)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/28/2021

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series C Preferred Stock	⁽¹⁾	06/28/2021		C			9,812,081	⁽¹⁾	⁽¹⁾	Class B Common Stock	9,812,081	$0	0	I	Sequoia Capital U.S. Growth Fund VII, L.P.⁽⁴⁾⁽⁵⁾
Series C Preferred Stock	⁽¹⁾	06/28/2021		C			911,988	⁽¹⁾	⁽¹⁾	Class B Common Stock	911,988	$0	0	I	Sequoia Capital U.S. Growth VII Principals Fund, L.P.⁽⁴⁾⁽⁵⁾
Series D Preferred Stock	⁽¹⁾	06/28/2021		C			671,319	⁽¹⁾	⁽¹⁾	Class B Common Stock	671,319	$0	0	I	Sequoia Capital U.S. Growth Fund VII, L.P.⁽⁴⁾⁽⁵⁾
Series D Preferred Stock	⁽¹⁾	06/28/2021		C			9,685	⁽¹⁾	⁽¹⁾	Class B Common Stock	9,685	$0	0	I	Sequoia Capital U.S. Growth VII Principals Fund, L.P.⁽⁴⁾⁽⁵⁾
Series D Preferred Stock	⁽¹⁾	06/28/2021		C			3,540,188	⁽¹⁾	⁽¹⁾	Class B Common Stock	3,540,188	$0	0	I	Sequoia Capital U.S. Growth Fund VIII, L.P.⁽⁴⁾⁽⁵⁾
Series E Preferred Stock	⁽¹⁾	06/28/2021		C			358,517	⁽¹⁾	⁽¹⁾	Class B Common Stock	358,517	$0	0	I	Sequoia Capital U.S. Growth Fund VII, L.P.⁽⁴⁾⁽⁵⁾
Series E Preferred Stock	⁽¹⁾	06/28/2021		C			114,049	⁽¹⁾	⁽¹⁾	Class B Common Stock	114,049	$0	0	I	Sequoia Capital U.S. Growth Fund VIII, L.P.⁽⁴⁾⁽⁵⁾
Series C Preferred Stock	⁽¹⁾	06/28/2021		C			1,050,534	⁽¹⁾	⁽¹⁾	Class B Common Stock	1,050,534	$0	0	I	Sequoia Grove II, LLC⁽⁶⁾
Series D Preferred Stock	⁽¹⁾	06/28/2021		C			397,458	⁽¹⁾	⁽¹⁾	Class B Common Stock	397,458	$0	0	I	Sequoia Grove II, LLC⁽⁶⁾
Series E Preferred Stock	⁽¹⁾	06/28/2021		C			48,874	⁽¹⁾	⁽¹⁾	Class B Common Stock	48,874	$0	0	I	Sequoia Grove II, LLC⁽⁶⁾
Series C Preferred Stock	⁽¹⁾	06/28/2021		C			120,231	⁽¹⁾	⁽¹⁾	Class B Common Stock	120,231	$0	0	I	Estate planning vehicle
Series D Preferred Stock	⁽¹⁾	06/28/2021		C			99,175	⁽¹⁾	⁽¹⁾	Class B Common Stock	99,175	$0	0	I	Estate planning vehicle
Series E Preferred Stock	⁽¹⁾	06/28/2021		C			7,323	⁽¹⁾	⁽¹⁾	Class B Common Stock	7,323	$0	0	I	Estate planning vehicle
Class B Common Stock	⁽¹⁾⁽²⁾⁽³⁾	06/28/2021		C		10,841,917		⁽¹⁾⁽²⁾⁽³⁾	⁽¹⁾⁽²⁾⁽³⁾	Class A Common Stock	10,841,917	$0	10,841,917	I	Sequoia Capital U.S. Growth Fund VII, L.P.⁽⁴⁾⁽⁵⁾
Class B Common Stock	⁽¹⁾⁽²⁾⁽³⁾	06/28/2021		C		921,673		⁽¹⁾⁽²⁾⁽³⁾	⁽¹⁾⁽²⁾⁽³⁾	Class A Common Stock	921,673	$0	921,673	I	Sequoia Capital U.S. Growth VII Principals Fund, L.P.⁽⁴⁾⁽⁵⁾
Class B Common Stock	⁽¹⁾⁽²⁾⁽³⁾	06/28/2021		C		3,654,237		⁽¹⁾⁽²⁾⁽³⁾	⁽¹⁾⁽²⁾⁽³⁾	Class A Common Stock	3,654,237	$0	3,654,237	I	Sequoia Capital U.S. Growth Fund VIII, L.P.⁽⁴⁾⁽⁵⁾
Class B Common Stock	⁽¹⁾⁽²⁾⁽³⁾	06/28/2021		C		1,496,866		⁽¹⁾⁽²⁾⁽³⁾	⁽¹⁾⁽²⁾⁽³⁾	Class A Common Stock	1,496,866	$0	1,496,866	I	Sequoia Grove II, LLC⁽⁶⁾
Class B Common Stock	⁽¹⁾⁽²⁾⁽³⁾	06/28/2021		C		226,729		⁽¹⁾⁽²⁾⁽³⁾	⁽¹⁾⁽²⁾⁽³⁾	Class A Common Stock	226,729	$0	226,729	I	Estate planning vehicle

Explanation of Responses:

1. Each share of Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock automatically converted into one share of Class B Common Stock immediately upon the closing of the Issuer's initial public offering (IPO), and has no expiration date.

2. After the closing of the Issuer's IPO, on 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 amended and restated certificate of incorporation.

3. 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, and does not have an expiration date. 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.

4. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth VII Management, L.P., which is the general partner of each of Sequoia Capital U.S. Growth Fund VII, L.P. and Sequoia Capital U.S. Growth VII Principals Fund, L.P. (collectively, the GFVII Funds); and (ii) the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P. (the GFVIII Fund).

5. (Continued from Footnote 4) 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.

6. The Reporting Person is a member of Sequoia Grove II, LLC. 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	06/30/2021
	** 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).
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