Henry Alyssa 4

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

AI-generated summary of this filing

Updated Mar 19, 2026

Confluent (CFLT) Director Henry Alyssa Cashes Out 216,049 Shares

What Happened

Henry Alyssa, a director of Confluent, had dispositions to the issuer on 2026-03-17 that resulted in 216,049 total shares/derivative interests being canceled and converted to cash under the merger agreement with IBM.
Breakdown: 20,247 shares of common stock and 8,302 RSU shares (total 28,549 shares) were converted at the merger price of $31.00 per share, yielding $885,019 in cash. An additional 187,500-option equivalent was canceled (derivative) and converted to a cash payment based on the spread between the $31.00 per-share merger price and the option exercise price (option cash value not disclosed in the filing).
These were dispositions to the issuer under the Merger Agreement (not open-market sales).

Key Details

Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (filed within standard Form 4 timing).
Per-share merger consideration: $31.00 (per Merger Agreement, F1).
Shares disposed: 20,247 (common), 8,302 (RSUs), 187,500 (options/derivative) — total 216,049.
Known cash received: $885,019 for common + RSUs; option cash = (31.00 − option strike) × 187,500 (strike not provided, so option payout undisclosed).
Transaction code: D = disposition to issuer (cancellation / conversion under merger). RSUs and options canceled for cash per footnotes F2 and F3.
Shares owned after the transactions: not specified in the provided excerpt of the filing.
Filing timeliness: appears timely (filed two days after the transaction).

Context

These transactions are merger-related cash-outs under the Agreement and Plan of Merger with IBM (signed Dec 7, 2025). RSUs were converted to $31 × shares; options were canceled for a cash payment equal to the spread above the option strike.
Because this is a contractual conversion tied to the merger (not an open-market sale), it generally reflects transaction mechanics rather than an insider signaling buy/sell sentiment.

Form 4Exit

Period: 2026-03-17

Director

Transactions

Disposition to Issuer
Class A Common Stock
[F1]
2026-03-17−20,247→ 0 total
Disposition to Issuer
Restricted Stock Units
[F2]
2026-03-17−8,302→ 0 total
Disposition to Issuer
Stock Option (Right to Buy)
[F3]
2026-03-17−187,500→ 0 total
Exercise: $19.95Exp: 2031-05-02→ Class A Common Stock (187,500 underlying)

Footnotes (3)

[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]Pursuant to the Merger Agreement, the RSUs were canceled in exchange for the right to receive an amount in cash, subject to applicable withholding taxes, equal to the product of (a) the Per Share Price multiplied by (b) the total number of shares of Class A Common Stock covered by the RSUs.
[F3]The shares subject to the option are fully vested and immediately exercisable. Pursuant to the Merger Agreement, the option was canceled in exchange for the right to receive an amount in cash, subject to applicable withholding taxes, equal to the product of (a) the total number of shares of Issuer common stock covered by such option immediately prior to the Effective Time (as defined in the Merger Agreement) multiplied by (b) the excess of (1) the Per Share Price over (2) the per share exercise price of such option.

Signature

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

2 files