Caimi Lara 4

What Happened
Caimi Lara, a director of Confluent, reported dispositions on March 17, 2026 that totaled 197,631 shares. These were not open-market sales but cancellations/conversions tied to the company’s merger with IBM: 3,222 shares, 8,302 shares, and 186,107 RSU/derivative shares were converted into the right to receive $31.00 per share in cash under the merger agreement. The gross proceeds are approximately $6.13 million (197,631 × $31.00), before applicable withholding taxes.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 19, 2026.
• Per-share consideration: $31.00 in cash under the Merger Agreement with IBM.
• Shares disposed: 3,222; 8,302; and 186,107 (the last listed as derivative/RSU) — total 197,631 shares.
• Approximate gross proceeds: $6.13 million (before tax withholding).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs and Class A/B shares were canceled and converted into the cash merger consideration per the Merger Agreement; amounts are subject to applicable withholding taxes.
• Filing timeliness: Reported on March 19 for a March 17 transaction (filed within the standard 2‑business‑day window).

Context
These dispositions result from the merger mechanics (shares and RSUs cancelled for cash) rather than an open-market sale; merger-driven conversions are routine and reflect the agreed per-share cash consideration, not necessarily a personal trading decision. The derivative line reflects RSUs/other equity awards converted to the same cash payout under the merger terms.