Large insider Rule 144 sale planned in Confluent (NASDAQ: CFLT) shares

Rhea-AI Filing Summary

Confluent insider plans a sizable stock sale under Rule 144. A holder of Confluent common stock filed notice to sell 640,000 shares through Morgan Stanley Smith Barney, with an aggregate market value of $19,532,800.00. These shares are part of the company’s common stock listed on NASDAQ, with 308,661,566 shares outstanding.

The shares to be sold were acquired as founder shares from the issuer on 09/01/2014. The filing also lists recent Rule 10b5-1 plan sales of Confluent common stock over the past three months by related parties, showing multiple transactions with individual gross proceeds ranging from about $664,590.00 to $10,000,990.00.

Insights

Equity capital markets and insider-transactions analyst

Large planned Rule 144 sale by a Confluent insider, but routine in structure.

The filing shows intent to sell 640,000 Confluent common shares under Rule 144, with an indicated market value of $19,532,800.00. The shares are founder shares acquired from the issuer on 09/01/2014, suggesting a long-held position being partially monetized.

The notice also details recent Rule 10b5-1 plan sales in Confluent stock by related parties, each with specified dates, share amounts, and gross proceeds. Because Rule 10b5-1 plans pre-set trading parameters, these transactions are structured as pre-arranged sales rather than reactive trades. Actual market impact depends on ongoing trading volumes and any future sales beyond those listed here.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	640000	19532800.00	308661566	02/13/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/01/2014	Founders Shares	Issuer			640000	09/01/2014	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for DAVID STEIN TR TROUVAILLE ANK 899 W. EVELYN AVENUE MOUNTAIN VIEW CA 94041	Common	12/10/2025	60000	1800180.00
10b5-1 Sales for TROUVAILLE INVESTMENTS HOLDINGS LTD 899 W. EVELYN AVENUE MOUNTAIN VIEW CA 94041	Common	12/10/2025	333333	10000990.00
10b5-1 Sales for NEHA NARKHEDE 899 W. EVELYN AVENUE MOUNTAIN VIEW CA 94041	Common	12/10/2025	23100	693069.30
10b5-1 Sales for DAVID STEIN TR TROUVAILLE ANK 899 W. EVELYN AVENUE MOUNTAIN VIEW CA 94041	Common	12/08/2025	60000	1785924.00
10b5-1 Sales for TROUVAILLE INVESTMENTS HOLDINGS LTD 899 W. EVELYN AVENUE MOUNTAIN VIEW CA 94041	Common	12/08/2025	320000	9524928.00
10b5-1 Sales for NEHA NARKHEDE 899 W. EVELYN AVENUE MOUNTAIN VIEW CA 94041	Common	12/08/2025	40000	1190616.00
10b5-1 Sales for DAVID STEIN TR TROUVAILLE ANK 899 W. EVELYN AVENUE MOUNTAIN VIEW CA 94041	Common	12/01/2025	45000	996885.00
10b5-1 Sales for TROUVAILLE INVESTMENTS HOLDINGS LTD 899 W. EVELYN AVENUE MOUNTAIN VIEW CA 94041	Common	12/01/2025	240000	5316720.00
10b5-1 Sales for NEHA NARKHEDE 899 W. EVELYN AVENUE MOUNTAIN VIEW CA 94041	Common	12/01/2025	30000	664590.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filing for Confluent (CFLT) disclose?

The filing discloses a planned sale of 640,000 Confluent common shares under Rule 144, with an aggregate market value of about $19.53 million. It also describes how the shares were originally acquired and lists recent related stock sales under Rule 10b5-1 plans.

How many Confluent (CFLT) shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of 640,000 Confluent common shares. These shares are to be sold through Morgan Stanley Smith Barney, with an indicated aggregate market value of $19,532,800.00, based on market prices at the time the form was prepared.

When were the Confluent (CFLT) shares in this Form 144 originally acquired?

The shares were acquired on 09/01/2014 as founder shares from the issuer. The filing notes that 640,000 common shares were obtained on that date, with payment characterized as “N/A,” indicating no separate cash consideration described in the provided excerpt.

What recent Confluent (CFLT) stock sales are listed in the past 3 months section?

The filing lists multiple Rule 10b5-1 sales of Confluent common stock during December 2025 and earlier that month. Individual transactions include, for example, 333,333 shares sold for gross proceeds of $10,000,990.00 and 320,000 shares sold for $9,524,928.00 by related selling entities.

Which broker is handling the planned Confluent (CFLT) Rule 144 sale?

The planned Rule 144 sale will be handled by Morgan Stanley Smith Barney LLC Executive Financial Services. The broker’s listed office is at 1 New York Plaza, 8th Floor, New York, NY 10004, and the shares are identified for trading on the NASDAQ exchange.

How many Confluent (CFLT) shares are outstanding in this Form 144 filing?

The Form 144 states that 308,661,566 Confluent common shares are outstanding. This figure provides context for the planned 640,000-share sale, indicating the size of the proposed disposition relative to the company’s total common stock base.