Volpi Michelangelo 4

4 · Confluent, Inc. · Filed Mar 19, 2026

AI-generated summary of this filing

Updated Mar 19, 2026

Confluent (CFLT) Director Michelangelo Volpi Sells Shares

What Happened

Michelangelo Volpi, a director of Confluent, reported dispositions to the issuer on March 17, 2026: 235,041 and 155,512 shares of Class A common stock (total 390,553 shares).
Per the Merger Agreement, each share was canceled and converted into $31.00 in cash, for aggregate consideration of approximately $12,107,143.
These were dispositions to the issuer in connection with the Company’s merger, not open-market sales.

Key Details

Transaction date: March 17, 2026. Form 4 filed March 19, 2026 (appears timely).
Price/consideration: $31.00 per share under the Merger Agreement (see footnote F1).
Total shares disposed: 390,553; total cash received: ≈ $12.11 million.
Shares were held by the Volpi‑Cupal Family Trust; Volpi is trustee and disclaims beneficial ownership except for any pecuniary interest (footnote F2).
Form reports “Disposition to the issuer” (code D). The filing does not state remaining post-transaction holdings.

Context

This transaction reflects merger consideration (shares canceled for cash) rather than a voluntary market sale by the insider; such conversions are routine in M&A and do not necessarily indicate the insider’s view on the company’s prospects.
For retail investors, merger-driven dispositions differ from open-market sales: proceeds come from the deal terms ($31.00/share) rather than market timing.

Form 4Exit

Period: 2026-03-17

Director

Transactions

Disposition to Issuer
Class A Common Stock
[F1]
2026-03-17−235,041→ 0 total
Disposition to Issuer
Class A Common Stock
[F1][F2]
2026-03-17−155,512→ 0 total(indirect: See footnote)

Footnotes (2)

[F1]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.
[F2]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.

Signature

/s/ Weilyn Wood, Attorney-in-Fact|2026-03-19

2 files