4//SEC Filing
Altimeter Capital Management, LP 4
Accession 0001541617-22-000013
CIK 0001699838other
Filed
May 8, 8:00 PM ET
Accepted
May 9, 8:09 PM ET
Size
14.1 KB
Accession
0001541617-22-000013
Insider Transaction Report
Form 4
Confluent, Inc.CFLT
GERSTNER BRAD
10% Owner
Transactions
- Conversion
Class A Common Stock
2022-05-09+8,395,374→ 14,234,957 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-05-09−8,395,374→ 0 total(indirect: See Footnote)→ Class A Common Stock (8,395,374 underlying)
Altimeter Capital Management, LP
10% Owner
Transactions
- Conversion
Class A Common Stock
2022-05-09+8,395,374→ 14,234,957 total(indirect: See Footnote) - Conversion
Class B Common Stock
2022-05-09−8,395,374→ 0 total(indirect: See Footnote)→ Class A Common Stock (8,395,374 underlying)
Transactions
- Conversion
Class B Common Stock
2022-05-09−8,395,374→ 0 total(indirect: See Footnote)→ Class A Common Stock (8,395,374 underlying) - Conversion
Class A Common Stock
2022-05-09+8,395,374→ 14,234,957 total(indirect: See Footnote)
Footnotes (5)
- [F1]At each Reporting Person's option exercisable at any time, each Class B Common Stock share is convertible into one Class A Common Stock share. The conversion option does not have an expiration date. On May 9, 2022, the Reporting Persons first received confirmation from the issuer or its transfer agent that the Class B shares were converted on May 4, 2022.
- [F2]A portion of these Class A Common Stock shares are directly owned by Altimeter Growth Partners Fund IV, L.P. ("AGPF4") and Altimeter Cascade Fund, L.P. ("ACF") (collectively, the "Altimeter Entities") in the amounts of 1,679,075 and 6,716,299. Altimeter Growth General Partner IV, LLC is the general partner of AGPF4, and Altimeter Cascade General Partner LLC is the general partner of ACF (collectively, the "Altimeter Fund GPs"). Each of the Altimeter Fund GPs have delegated share voting and investment power to Altimeter Capital Management, LP (the "Investment Manager"). The sole general partner of the Investment Manager is Altimeter Capital General Partner, LLC (the "General Partner"), and Bradley Gerstner is the sole managing principal of the Investment Manager and the General Partner and may be deemed to share voting and investment power over these shares.
- [F3]Because of the relationship between the Investment Manager, the General Partner, and Bradley Gerstner and each of the Altimeter Entities, each of the Altimeter Fund GPs, each of the Investment Manager, the General Partner, and Bradley Gerstner may be deemed to beneficially own the securities reported herein to the extent of its direct or indirect pecuniary interests in the Altimeter Entities and the Altimeter Fund GPs. Each of the Investment Manager, the General Partner, and Bradley Gerstner disclaims any beneficial ownership of the securities held by the Altimeter Entities except to the extent of any pecuniary interest therein.
- [F4]Before conversion, these Class B Common Stock shares were directly owned by Altimeter Growth Partners Fund IV, L.P. ("AGPF4") and Altimeter Cascade Fund, L.P. ("ACF") (collectively, the "Altimeter Entities") in the amounts of 1,679,075 and 6,716,299. Altimeter Growth General Partner IV, LLC is the general partner of AGPF4, and Altimeter Cascade General Partner LLC is the general partner of ACF (collectively, the "Altimeter Fund GPs"). Each of the Altimeter Fund GPs have delegated share voting and investment power to Altimeter Capital Management, LP (the "Investment Manager"). The sole general partner of the Investment Manager is Altimeter Capital General Partner, LLC (the "General Partner"), and Bradley Gerstner is the sole managing principal of the Investment Manager and the General Partner and may be deemed to share voting and investment power over these shares.
- [F5]Because of the relationship between the Investment Manager, the General Partner, and Bradley Gerstner and each of the Altimeter Entities, each of the Altimeter Fund GPs, each of the Investment Manager, the General Partner, and Bradley Gerstner may be deemed to beneficially own the securities reported herein to the extent of its direct or indirect pecuniary interests in the Altimeter Entities and the Altimeter Fund GPs. Each of the Investment Manager, the General Partner, and Bradley Gerstner disclaims any beneficial ownership of the securities held by the Altimeter Entities except to the extent of any pecuniary interest therein.
Documents
Issuer
Confluent, Inc.
CIK 0001699838
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001541617
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 8:09 PM ET
- Size
- 14.1 KB