[SCHEDULE 13G/A] Confluent, Inc. SEC Filing

Rhea-AI Filing Summary

The Vanguard Group reports beneficial ownership of 31,019,643 shares of Confluent Inc common stock, representing 10.62% of the class. Vanguard discloses it holds 28,922,013 shares with sole dispositive power and an additional 2,097,630 shares with shared dispositive power. Voting authority is reported as 0 shares with sole voting power and 1,742,103 shares with shared voting power.

The filing states these holdings are held in the ordinary course of business on behalf of Vanguard clients, who have rights to dividends and sale proceeds, and that the securities were not acquired to change or influence control of the issuer.

Positive

• Material institutional stake: 31,019,643 shares representing 10.62% of Confluent's common stock
• Clear power breakdown: Disclosure of sole and shared dispositive and voting powers provides transparency
• Held in ordinary course: Filing certifies holdings are passive and not intended to influence control

Negative

• None.

Insights

Securities Analyst

Vanguard's >10% passive stake in Confluent signals a sizable institutional position without control intent.

The filing documents a material, passive holding: 31.0 million shares equal to 10.62% of the class, primarily under Vanguard's dispositive authority. The lack of sole voting power and the certification that shares are held in the ordinary course suggest index/passive or managed client exposure rather than an activist intent. For investors, this confirms substantial institutional ownership which can support liquidity and valuation stability but does not imply governance influence from Vanguard.

Corporate Governance Expert

Disclosure is standard and compliant; ownership structure indicates stewardship on behalf of diverse clients, not direct control.

The Schedule 13G/A identifies The Vanguard Group as an investment adviser reporting under the passive-investor regime with clear allocation of voting and dispositive powers. The filing's note that clients retain rights to dividends and sale proceeds is consistent with pooled and managed-account arrangements. From a governance perspective, Vanguard's shared voting position is modest relative to its economic exposure, reducing the likelihood of unilateral governance interventions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Confluent Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

20717M103

(CUSIP Number)

08/29/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 20717M103

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,742,103.00
7	Sole Dispositive Power 28,922,013.00
8	Shared Dispositive Power 2,097,630.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

31,019,643.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.62 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Confluent Inc
(b)	Address of issuer's principal executive offices: 899 West Evelyn, Mountain View, CA, 94041
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 20717M103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 31019643
(b)	Percent of class: 10.62 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1742103
	(iii) Sole power to dispose or to direct the disposition of: 28922013
	(iv) Shared power to dispose or to direct the disposition of: 2097630
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	09/08/2025

FAQ

How many Confluent (CFLT) shares does Vanguard own?

The Vanguard Group reports beneficial ownership of 31,019,643 shares of Confluent common stock.

What percentage of Confluent (CFLT) does Vanguard own?

Vanguard's reported position represents 10.62% of Confluent's outstanding common stock.

Does Vanguard have voting control over Confluent (CFLT)?

Vanguard reports 0 shares with sole voting power and 1,742,103 shares with shared voting power, indicating no sole voting control.

Are these shares held to influence control of Confluent (CFLT)?

The filing certifies the securities are held in the ordinary course of business and were not acquired to change or influence control.

Who ultimately receives dividends or sale proceeds for Vanguard's Confluent holdings?

Vanguard states its clients, including investment companies and managed accounts, have the right to receive dividends and sale proceeds from the securities reported.