CFLT insider exercises 30,000 options at $2.24, sells 30,000 shares
Rhea-AI Filing Summary
Confluent, Inc. (CFLT) reported an insider transaction. A company director exercised options, converted shares, and sold stock on 11/03/2025 under a pre-set Rule 10b5-1 plan.
The insider exercised 30,000 stock options at an exercise price of $2.24, received Class B shares, then converted 30,000 Class B into 30,000 Class A on a one-for-one basis. The insider then sold 30,000 Class A shares at an average price of $23.57, with trades ranging from $23.17 to $23.89.
Following these transactions, the insider held 28,549 Class A shares directly and 1,787 Class A shares indirectly via a trust. The option award referenced was fully vested.
Positive
- None.
Negative
- None.
Insights
Routine Form 4: option exercise, conversion, and planned sale.
An insider exercised 30,000 options at an exercise price of $2.24, received Class B shares, then converted them one-for-one into Class A. The sale of 30,000 Class A shares occurred under a Rule 10b5-1 plan, which can standardize trades and reduce discretion.
The average sale price was $23.57 with a disclosed range of $23.17–$23.89 on 11/03/2025. After the transactions, direct holdings were 28,549 Class A shares and 1,787 Class A held indirectly by a trust. Based on the routine nature of exercises, conversions, and plan sales, this reads as an administrative update.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 30,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 30,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 30,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 30,000 | $0.00 | -- |
| Sale | Class A Common Stock | 30,000 | $23.57 | $707K |
| holding | Class A Common Stock | -- | -- | -- |
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 $23.17 to $23.89 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.
