Confluent (CFLT) director sells 80K shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Confluent, Inc. director Neha Narkhede reported a combination of option exercises, share conversions, and an open-market sale. She exercised stock options for 80,000 shares, which led to the conversion of 80,000 shares of Class B Common Stock into 80,000 shares of Class A Common Stock. She then sold 80,000 Class A shares at a price of $30.59 per share pursuant to a pre-established Rule 10b5-1 trading plan adopted on June 10, 2025. After these transactions, she held 28,549 shares of Class A Common Stock directly and 1,787 shares of Class A Common Stock indirectly through a trust, while retaining a substantial Class B stake and remaining option holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 80,000 shares ($2,447,200)
Net Sell
6 txns
Insider
Narkhede Neha
Role
Director
Sold
80,000 shs ($2.45M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 80,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 80,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 80,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 80,000 | $0.00 | -- |
| Sale | Class A Common Stock | 80,000 | $30.59 | $2.45M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 377,502 shares (Direct);
Class B Common Stock — 1,163,729 shares (Direct);
Class A Common Stock — 108,549 shares (Direct);
Class A Common Stock — 1,787 shares (Indirect, By Trust)
Footnotes (1)
- 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. 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. Shares sold pursuant to a 10b5-1 plan adopted June 10, 2025. The shares were sold at prices ranging from $30.53 to $30.64. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Fully vested.
FAQ
What did Confluent (CFLT) director Neha Narkhede report in this Form 4?
Neha Narkhede reported exercising options for 80,000 shares, converting Class B into Class A stock, and selling 80,000 Class A shares. These transactions reflect routine equity compensation activity combined with a planned share sale disclosed in detail, including pricing and remaining ownership.
What are Neha Narkhede’s Confluent (CFLT) holdings after these transactions?
After the reported trades, she held 28,549 shares of Class A Common Stock directly and 1,787 Class A shares indirectly through a trust. The filing also shows remaining Class B Common Stock and vested stock options, indicating a continued significant equity interest.
What derivative transactions did Neha Narkhede report for Confluent (CFLT)?
She reported exercising a stock option for 80,000 shares and converting 80,000 Class B Common Stock into Class A Common Stock. These derivative transactions were recorded at a $0.00 exercise price and increased her Class A holdings before the subsequent open-market sale.