Confluent (CFLT) director sells 80K shares after option exercise

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.

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).

X

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^*

Narkhede Neha

(Last) (First) (Middle)

C/O CONFLUENT, INC.

899 W. EVELYN AVENUE

(Street)

MOUNTAIN VIEW CA 94041

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

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/13/2026		C		80,000	A	(1)	108,549	D
Class A Common Stock	02/13/2026		S		80,000(2)	D	$30.59(3)	28,549	D
Class A Common Stock								1,787	I	By Trust

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)	$2.24	02/13/2026		M			80,000	(4)	10/21/2028	Class B Common Stock	80,000	$0	377,502	D
Class B Common Stock	(1)	02/13/2026		M		80,000		(1)	(1)	Class A Common Stock	80,000	$0	1,163,729	D
Class B Common Stock	(1)	02/13/2026		C			80,000	(1)	(1)	Class A Common Stock	80,000	$0	1,083,729	D

Explanation of Responses:

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.

2. Shares sold pursuant to a 10b5-1 plan adopted June 10, 2025.

3. 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.

4. Fully vested.

	/s/ Weilyn Wood, Attorney-in-Fact	02/18/2026
	** 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).
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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.

How many Confluent (CFLT) shares did Neha Narkhede sell and at what price?

She sold 80,000 shares of Confluent Class A Common Stock at $30.59 per share. A footnote adds that sale prices ranged from $30.53 to $30.64, with full trade breakdowns available on request from the reporting person to interested parties.

Was Neha Narkhede’s Confluent (CFLT) share sale under a 10b5-1 plan?

Yes. The filing notes the 80,000 Class A shares were sold under a Rule 10b5-1 trading plan adopted on June 10, 2025. Such plans pre-schedule trades, helping insiders diversify holdings while following regulatory and corporate governance guidelines.

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.

How many Confluent (CFLT) shares did Neha Narkhede retain in options after exercising?

Following the option exercise, the filing lists 377,502 stock options remaining. These options are described as fully vested in a footnote, indicating they are currently exercisable according to the terms of the company’s equity compensation arrangements.