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  4. [Form 4] Confluent, Inc. Insider Trading Activity

Confluent (NASDAQ: CFLT) CEO trades Class A and B shares

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Confluent, Inc. CEO Edward Jay Kreps reported a combination of share conversions and sales. He converted 232,500 shares of Class B Common Stock into 232,500 shares of Class A Common Stock through a derivative security conversion at a stated price of $0.00 per share, bringing his direct Class B holdings to 14,017,500 shares.

On the same date, he sold 270,207 shares of Class A Common Stock in open-market transactions at a price of $30.70 per share, executed under a Rule 10b5-1 trading plan adopted on August 15, 2024. After these sales, his direct Class A holdings were 301,660 shares. Additional Class B shares are held indirectly through family trusts.

Positive

  • None.

Negative

  • None.
Insider Kreps Edward Jay
Role CHIEF EXECUTIVE OFFICER
Sold 270,207 shs ($8.30M)
Type Security Shares Price Value
Conversion Class B Common Stock 232,500 $0.00 --
Conversion Class A Common Stock 232,500 $0.00 --
Sale Class A Common Stock 270,207 $30.70 $8.30M
holding Class B Common Stock -- -- --
holding Class B Common Stock -- -- --
holding Class B Common Stock -- -- --
Holdings After Transaction: Class B Common Stock — 14,017,500 shares (Direct); Class A Common Stock — 571,867 shares (Direct); Class B Common Stock — 149,984 shares (Indirect, See footnote)
Footnotes (1)
  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 trading plan adopted August 15, 2024. The shares were sold at prices ranging from $30.66 to $30.75. 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 Edward J. Kreps and Jamaica H. Kreps 2018 Revocable Trust. The shares are held by the GST Exempt Trust under The Kreps Family 2019 Irrevocable Trust under agreement dated 9/26/2019. The shares are held by the GST Exempt Trust under The Kreps Family 2019 Irrevocable Trust under agreement dated 9/26/2019.
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*
Kreps Edward Jay
(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
X Officer (give title below) Other (specify below)
CHIEF EXECUTIVE OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
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 02/20/2026 C 232,500 A (1) 571,867 D
Class A Common Stock 02/20/2026 S 270,207(2) D $30.7(3) 301,660 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 (1) 02/20/2026 C 232,500 (1) (1) Class A Common Stock 232,500 $0 14,017,500 D
Class B Common Stock (1) (1) (1) Class A Common Stock 149,984 149,984 I See footnote(4)
Class B Common Stock (1) (1) (1) Class A Common Stock 1,000,000 1,000,000 I See footnote(5)
Class B Common Stock (1) (1) (1) Class A Common Stock 1,000,000 1,000,000 I See footnote(6)
Explanation of Responses:
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.
2. Shares sold pursuant to a 10b5-1 trading plan adopted August 15, 2024.
3. The shares were sold at prices ranging from $30.66 to $30.75. 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.
4. The shares are held by The Edward J. Kreps and Jamaica H. Kreps 2018 Revocable Trust.
5. The shares are held by the GST Exempt Trust under The Kreps Family 2019 Irrevocable Trust under agreement dated 9/26/2019.
6. The shares are held by the GST Exempt Trust under The Kreps Family 2019 Irrevocable Trust under agreement dated 9/26/2019.
/s/ Weilyn Wood, Attorney-in-Fact 02/24/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Confluent (CFLT) CEO Edward Jay Kreps report?

Edward Jay Kreps reported converting 232,500 Class B shares into 232,500 Class A shares, then selling 270,207 Class A shares. The sales were open-market transactions and were executed under a pre-established Rule 10b5-1 trading plan adopted on August 15, 2024.

How many Confluent (CFLT) shares did the CEO sell and at what price?

He sold 270,207 shares of Class A Common Stock at a reported price of $30.70 per share. A footnote explains the actual sales occurred in a range from $30.66 to $30.75, with detailed breakdowns available upon request from the reporting person.

What share conversion did the Confluent (CFLT) CEO report in this Form 4?

He reported a derivative security conversion of 232,500 shares of Class B Common Stock into 232,500 shares of Class A Common Stock. The conversion is described at a stated price of $0.00 per share and reflects movement between the two share classes, not a cash purchase.

How many Confluent (CFLT) shares does the CEO hold directly after these transactions?

After the reported transactions, he directly holds 301,660 shares of Class A Common Stock and 14,017,500 shares of Class B Common Stock. These figures reflect his direct ownership positions following the conversion of Class B into Class A and the subsequent Class A share sales.

Were the Confluent (CFLT) CEO’s share sales under a trading plan?

Yes. A footnote states the shares were sold under a Rule 10b5-1 trading plan adopted on August 15, 2024. Such plans allow prearranged trading according to specified instructions, which can help separate routine sales from opportunistic market timing by insiders.

Does the Confluent (CFLT) CEO have additional indirect holdings through trusts?

Yes. Footnotes indicate additional Class B shares are held by The Edward J. Kreps and Jamaica H. Kreps 2018 Revocable Trust and by GST Exempt Trusts under The Kreps Family 2019 Irrevocable Trust. These entries reflect indirect ownership positions associated with family trust structures.