Family trust tied to Confluent (CFLT) director sells 25,000 shares under plan

Rhea-AI Filing Summary

Confluent, Inc. director Michelangelo Volpi reported that the Volpi-Cupal Family Trust, with which he is associated as trustee, sold 25,000 shares of Class A common stock in an open‑market transaction. The shares were sold at an average price of about $30.59 per share under a Rule 10b5-1 trading plan dated June 13, 2025.

According to the disclosure, the sale prices ranged from $30.535 to $30.63 per share. After this transaction, the trust held 155,512 shares of Class A common stock, and Volpi also reported 235,041 shares held directly. The filing notes that he disclaims beneficial ownership of the trust’s shares except to the extent of any pecuniary interest.

Insider Trade Summary

Net Seller: 25,000 shares ($764,750)

Net Sell 2 txns

Insider Volpi Michelangelo

Role Director

Sold 25,000 shs ($765K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	25,000	$30.59	$765K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 155,512 shares (Indirect, By Trust); Class A Common Stock — 235,041 shares (Direct)

Footnotes (1)

1. Shares sold pursuant to a Rule 10b5-1 trading plan dated June 13, 2025. The shares were sold at prices ranging from $30.535 to $30.63. 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. The shares are held by the Volpi-Cupal Family Trust, of which the reporting person serves as trustee. The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.

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

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^*

Volpi Michelangelo

(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		S		25,000(1)	D	$30.59(2)	155,512	I	By Trust(3)
Class A Common Stock								235,041	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. Shares sold pursuant to a Rule 10b5-1 trading plan dated June 13, 2025.

2. The shares were sold at prices ranging from $30.535 to $30.63. 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.

3. The shares are held by the Volpi-Cupal Family Trust, of which the reporting person serves as trustee. The reporting person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for Section 16 or any other purpose.

	/s/ Michelangelo Volpi	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).
** 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 insider transaction did Confluent (CFLT) report for Michelangelo Volpi?

Confluent reported that the Volpi-Cupal Family Trust, associated with director Michelangelo Volpi, sold 25,000 shares of Class A common stock. The sale was executed in the open market under a pre-established Rule 10b5-1 trading plan dated June 13, 2025.

How many Confluent (CFLT) shares did the Volpi-Cupal Family Trust sell and at what prices?

The Volpi-Cupal Family Trust sold 25,000 Confluent Class A shares. The reported average sale price was approximately $30.59 per share, with individual trades executed between $30.535 and $30.63. The filer offered to provide full price breakdown details upon request.

How many Confluent (CFLT) shares does the Volpi-Cupal Family Trust hold after the sale?

After the reported open-market sale, the Volpi-Cupal Family Trust held 155,512 shares of Confluent Class A common stock. This figure reflects the trust’s position following the 25,000-share transaction disclosed in the Form 4 insider trading report.

Does Michelangelo Volpi have other direct holdings of Confluent (CFLT) stock?

Yes. In addition to shares held by the Volpi-Cupal Family Trust, Michelangelo Volpi reported 235,041 Confluent Class A shares held directly. These direct holdings are separate from the trust’s position and are listed as a distinct ownership line item.

Was the Confluent (CFLT) insider sale by the Volpi-Cupal Family Trust pre-planned?

Yes. The filing states the 25,000-share sale was made under a Rule 10b5-1 trading plan dated June 13, 2025. Such plans allow trades to occur automatically according to preset instructions, helping separate them from day-to-day market timing decisions.

Does Michelangelo Volpi claim full beneficial ownership of the trust’s Confluent (CFLT) shares?

No. The disclosure explains that the shares are held by the Volpi-Cupal Family Trust, where he serves as trustee, and he disclaims Section 16 beneficial ownership except for any pecuniary interest. The report states it should not be deemed an admission of full beneficial ownership.