Confluent (CFLT) director’s shares, RSUs and options paid out in IBM cash merger

Rhea-AI Filing Summary

Confluent, Inc. director Alyssa Henry reported that her equity awards were cashed out in connection with the company’s merger with International Business Machines Corporation. Under the merger terms, each share of Class A Common Stock was canceled and converted into the right to receive $31.00 in cash per share, subject to taxes.

Henry disposed of 20,247 shares of Class A Common Stock and 8,302 Restricted Stock Units, each converted into the cash merger consideration. A fully vested stock option covering 187,500 shares with a $19.95 exercise price was also canceled in exchange for cash equal to the per-share merger price minus the exercise price, multiplied by the option shares.

Insights

Equity compensation analyst

Director’s stock and awards were cashed out under IBM’s merger with Confluent.

The filing shows Alyssa Henry, a director of Confluent, surrendering common shares, RSUs, and options as part of a completed cash merger with International Business Machines Corporation. Equity was canceled and converted into cash at $31.00 per share, subject to withholding taxes.

This is a mechanical result of the merger agreement rather than a discretionary trade. The option on 187,500 shares at a $19.95 exercise price was fully vested and exchanged for cash based on the spread to the per-share merger price. No options remain outstanding in this filing.

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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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Henry Alyssa

(Last) (First) (Middle)

C/O CONFLUENT, INC.

899 W. EVELYN AVENUE

(Street)

MOUNTAIN VIEW CALIFORNIA 94041

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Confluent, Inc. [ CFLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/17/2026		D		20,247	D	(1)	0	D
Restricted Stock Units	03/17/2026		D		8,302	D	(2)	0	D

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)	$19.95	03/17/2026		D			187,500	(3)	05/02/2031	Class A Common Stock	187,500	(3)	0	D

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Merger, dated December 7, 2025, by and among the Issuer, International Business Machines Corporation and Corvo Merger Sub, Inc. (the "Merger Agreement"), each share of Issuer Class A Common Stock was canceled and converted into the right to receive $31.00 per share in cash (the "Merger Consideration" or the "Per Share Price"), without interest and subject to applicable withholding taxes.

2. Pursuant to the Merger Agreement, the RSUs were canceled in exchange for the right to receive an amount in cash, subject to applicable withholding taxes, equal to the product of (a) the Per Share Price multiplied by (b) the total number of shares of Class A Common Stock covered by the RSUs.

3. The shares subject to the option are fully vested and immediately exercisable. Pursuant to the Merger Agreement, the option was canceled in exchange for the right to receive an amount in cash, subject to applicable withholding taxes, equal to the product of (a) the total number of shares of Issuer common stock covered by such option immediately prior to the Effective Time (as defined in the Merger Agreement) multiplied by (b) the excess of (1) the Per Share Price over (2) the per share exercise price of such option.

	/s/ Weilyn Wood, Attorney-in-Fact	03/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Confluent (CFLT) director Alyssa Henry report?

Alyssa Henry reported dispositions of shares, RSUs, and stock options to the issuer as part of Confluent’s cash merger with IBM. Her equity was canceled and converted into cash consideration under the merger agreement, rather than sold on the open market.

At what price were Confluent (CFLT) shares cashed out in the IBM merger?

Each share of Confluent Class A Common Stock was canceled and converted into the right to receive $31.00 in cash per share. This per-share merger price applied to common stock and was also used to calculate cash payouts for RSUs and in-the-money stock options.

How many Confluent (CFLT) common shares did Alyssa Henry dispose of?

Alyssa Henry disposed of 20,247 shares of Confluent Class A Common Stock in a disposition to the issuer. These shares were canceled and converted into the right to receive cash at $31.00 per share under the merger agreement with International Business Machines Corporation.

What happened to Alyssa Henry’s Confluent (CFLT) RSUs in the merger?

Henry’s 8,302 Restricted Stock Units were canceled in exchange for cash. The payment equals the product of the $31.00 per-share merger price and the total number of Class A Common shares covered by the RSUs, subject to applicable withholding taxes as specified in the agreement.

How were Alyssa Henry’s Confluent (CFLT) stock options treated?

Her fully vested option covering 187,500 shares with a $19.95 exercise price was canceled for cash. The payment equals the number of option shares multiplied by the excess of the $31.00 per-share merger price over the option’s per-share exercise price, before taxes.

Does this Confluent (CFLT) Form 4 indicate open-market buying or selling?

No open-market trades are reported. The Form 4 shows dispositions to the issuer tied to a merger, where shares, RSUs, and options were canceled and converted into cash at the fixed merger price, rather than bought or sold on a stock exchange.