MILLER MATTHEW CRAIG 4

What Happened
Director Matthew Craig Miller reported a disposition to the issuer of 9,886 shares on March 17, 2026. Under the Merger Agreement, each share of Confluent Class A common stock was cancelled and converted into the right to receive $31.00 per share in cash, for gross consideration of $306,466. This was a conversion/repurchase as part of the merger—not an open‑market sale.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (filed within the normal 2-business‑day window).
• Transaction type/code: Disposition to issuer (D).
• Shares affected: 9,886.
• Per‑share consideration: $31.00 (per Merger Agreement; footnote F1).
• Gross proceeds: $306,466 (9,886 × $31.00) — net amount may be reduced by applicable withholding taxes.
• Shares owned after transaction: not specified in the Form 4.
• Footnote F1: References the December 7, 2025 Merger Agreement with IBM/Corvo Merger Sub, which converted each Class A share into $31.00 cash, without interest and subject to withholding.

Context
This disposition reflects the compulsory conversion of shares under the company’s merger agreement, not a discretionary insider sale. For retail investors, note that such merger-related conversions are routine corporate actions and should not be interpreted as an insider signal about future company performance.