[Form 4] Confluent, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Confluent, Inc. insider filing shows Mac Ban Ryan Norris, the company's Chief Revenue Officer, reported a sale of 1,219 shares of Class A common stock on 09/22/2025 at a price of $19.87 per share. The filing states the sale was to cover the tax obligation arising from the vesting of previously granted restricted stock units. After the reported transaction, Mr. Norris beneficially owns 396,126 shares of Class A common stock, held directly. The Form 4 was signed on 09/24/2025.

Positive

• Clear explanation that the sale was to cover tax withholding from RSU vesting
• Substantial remaining ownership of 396,126 Class A shares held directly by the reporting officer
• Timely and complete disclosure including transaction date, price, and quantity

Negative

• Minor disposition of 1,219 shares (sale) reduces the officer's share count, though immaterial in scale

Insights

Securities Analyst

Routine tax-related sale by an officer; not a material change in ownership.

The reported disposition of 1,219 shares at $19.87 appears to be a routine sell-to-cover transaction tied to RSU vesting rather than a discretionary sale for liquidity or reallocation. The officer retains a substantial direct holding of 396,126 Class A shares, so the transaction does not materially change insider alignment with shareholders. For market impact, the size is immaterial relative to typical public float volumes.

Corporate Governance Expert

Disclosure aligns with Section 16 reporting: timely, specific, and explains tax-driven sale.

The Form 4 provides the required details: transaction date, amount sold, price, post-transaction beneficial ownership, and an explanation that proceeds covered tax withholding from RSU vesting. Signature by attorney-in-fact is included. There are no indications of noncompliance or unusual trading patterns in this filing alone.

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).

1. Name and Address of Reporting Person^*

Mac Ban Ryan Norris

(Last) (First) (Middle)

C/O CONFLUENT, INC.

899 W. EVELYN AVE.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	09/22/2025		S		1,219(1)	D	$19.87	396,126	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. Represents the number of shares sold by the reporting person to cover the tax obligation realized upon the vesting of restricted stock units previously reported in Table I.

	/s/ Weilyn Wood, Attorney-in-Fact	09/24/2025
	** 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.

FAQ

What did Confluent (CFLT) insider Mac Ban Ryan Norris report on Form 4?

The filing reports a sale of 1,219 Class A shares on 09/22/2025 at $19.87 per share to cover taxes from vested restricted stock units.

How many Confluent (CFLT) shares does the reporting officer own after the transaction?

After the reported sale, the officer beneficially owns 396,126 Class A shares, held directly.

Why were the shares sold according to the Form 4?

The filing states the sale represents shares sold to cover the tax obligation realized upon the vesting of previously reported restricted stock units.

When was the Form 4 signed and filed for this transaction?

The signature on the filing is dated 09/24/2025, documenting the 09/22/2025 transaction.

Does this Form 4 indicate a material change in insider ownership at Confluent (CFLT)?

No. The sale of 1,219 shares is described as a tax-withholding sale and the officer still holds 396,126 shares, so the filing does not indicate a material change in ownership.