Confluent (CFLT) director’s stock canceled for $31 cash payout

Rhea-AI Filing Summary

Confluent, Inc. director Lara Caimi reported the cancellation and cash-out of her equity in connection with a merger involving International Business Machines Corporation. On March 17, 2026, 186,107 shares of Class B Common Stock and 3,222 shares of Class A Common Stock were disposed of in issuer transactions and converted into the right to receive $31.00 per share in cash, without interest and subject to withholding taxes. In addition, 8,302 Restricted Stock Units were canceled for a cash payment equal to $31.00 multiplied by the number of underlying Class A shares. Following these transactions, Caimi held no remaining Confluent shares or RSUs.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Caimi Lara

Role Director

Type	Security	Shares	Price	Value
Disposition	Class B Common Stock	186,107	$0.00	--
Disposition	Class A Common Stock	3,222	$0.00	--
Disposition	Restricted Stock Units	8,302	$0.00	--

Holdings After Transaction: Class B Common Stock — 0 shares (Direct); Class A Common Stock — 0 shares (Direct); 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. 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. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the Reporting Person and has no expiration date. Pursuant to the Merger Agreement, each share of Issuer Class B Common Stock was canceled and converted into the right to receive the Per Share Price, without interest and subject to applicable withholding taxes.

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

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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^*

Caimi Lara

(Last) (First) (Middle)

C/O CONFLUENT, INC.

899 W. EVELYN AVENUE

(Street)

MOUNTAIN VIEW CALIFORNIA 94041

(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		3,222	D	(1)	0	D
Restricted Stock Units	03/17/2026		D		8,302	D	(2)	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
Class B Common Stock	(3)	03/17/2026		D			186,107	(3)	(3)	Class A Common Stock	186,107	(4)	0	D

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. 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.

3. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the Reporting Person and has no expiration date.

4. Pursuant to the Merger Agreement, each share of Issuer Class B Common Stock was canceled and converted into the right to receive the Per Share Price, without interest and subject to applicable withholding taxes.

	/s/ Weilyn Wood, 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 did Confluent (CFLT) director Lara Caimi report in this Form 4?

Lara Caimi reported issuer-directed dispositions of all her Confluent equity. Her Class A, Class B, and RSU holdings were canceled and converted into cash rights tied to a $31.00 per share price under a merger agreement.

What cash consideration did Confluent shareholders receive in the IBM merger?

Each share of Confluent Class A Common Stock and Class B Common Stock was canceled and converted into the right to receive $31.00 per share in cash, without interest and subject to applicable withholding taxes, under the merger agreement with International Business Machines Corporation.

How were Lara Caimi’s Confluent Restricted Stock Units treated?

Her Restricted Stock Units were canceled and exchanged for cash. The cash amount equals $31.00 multiplied by the total number of shares of Class A Common Stock covered by the RSUs, subject to applicable withholding taxes as specified in the merger agreement.

Did Lara Caimi retain any Confluent shares after these transactions?

No. After the reported transactions, Lara Caimi held zero shares of Confluent Class A Common Stock, zero shares of Class B Common Stock, and no remaining RSUs, reflecting full cancellation and cash-out of her reported equity positions.

Why is International Business Machines Corporation mentioned in this Confluent Form 4?

International Business Machines Corporation is a party to Confluent’s merger agreement. Under that agreement, Confluent’s Class A and Class B shares and RSUs were canceled and converted into cash rights at $31.00 per share, triggering the director’s reported dispositions.