Confluent (CFLT) director’s stock and RSUs canceled for $31 cash in IBM deal

Rhea-AI Filing Summary

Confluent, Inc. director Eric Vishria reported disposing of his equity in connection with the company’s merger with International Business Machines Corporation. On March 17, 2026, his Class A Common Stock, including 12,559 shares held directly and shares held by entities he controls, was canceled and converted into the right to receive $31.00 per share in cash, without interest and subject to withholding taxes. Restricted Stock Units covering 8,302 shares were also canceled and exchanged for cash equal to $31.00 multiplied by the number of underlying shares. Following these transactions, the filing shows no remaining reported holdings.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Vishria Eric

Role Director

Type	Security	Shares	Price	Value
Disposition	Class A Common Stock	12,559	$0.00	--
Disposition	Class A Common Stock	663,637	$0.00	--
Disposition	Restricted Stock Units	8,302	$0.00	--

Holdings After Transaction: Class A Common Stock — 0 shares (Direct); Class A Common Stock — 0 shares (Indirect, See footnote); Restricted Stock Units — 0 shares (Direct)

Footnotes (1)

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. Shares are held by entities controlled by the reporting person. 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.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Vishria Eric

(Last) (First) (Middle)

2965 WOODSIDE ROAD

(Street)

WOODSIDE CALIFORNIA 94062

(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		12,559	D	(1)	0	D
Class A Common Stock	03/17/2026		D		663,637	D	(1)	0	I	See footnote(2)
Restricted Stock Units	03/17/2026		D		8,302	D	(3)	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

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. Shares are held by entities controlled by the reporting person.

3. 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.

	/s/ An-Yen Hu, 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 Eric Vishria report?

Eric Vishria reported disposing of his Confluent equity as part of the IBM merger. His Class A shares and Restricted Stock Units were canceled and converted into cash consideration, reflecting standard treatment when a merger closes with a cash payment per share.

How many Confluent (CFLT) shares did Eric Vishria directly dispose of?

Eric Vishria directly disposed of 12,559 shares of Confluent Class A Common Stock. These shares were canceled and converted into the right to receive $31.00 in cash per share, without interest and subject to applicable withholding taxes, under the merger terms.

What happened to the indirectly held Confluent (CFLT) shares in this Form 4?

Shares held by entities controlled by Eric Vishria were also disposed of. These indirectly held Class A Common Stock positions were canceled and converted into the same $31.00 per share cash consideration, aligning their treatment with his directly held shares in the IBM merger.

How were Eric Vishria’s Confluent (CFLT) Restricted Stock Units treated?

Restricted Stock Units covering 8,302 shares were canceled in the merger. Each RSU was exchanged for cash equal to the product of the $31.00 per share price and the number of underlying Class A shares, subject to applicable withholding taxes.

Does this Confluent (CFLT) Form 4 show any shares remaining after the merger?

The Form 4 reports zero shares following the transactions. After cancellation of the Class A Common Stock and Restricted Stock Units for cash consideration under the IBM merger agreement, the filing lists no remaining reported holdings or derivative positions for Eric Vishria.

What merger terms drove the insider dispositions reported for Confluent (CFLT)?

The dispositions stem from a merger agreement with International Business Machines Corporation. Under that agreement, each share of Confluent Class A Common Stock was canceled and converted into the right to receive $31.00 in cash per share, plus equivalent cash treatment for RSUs.