Phan Kong 4

What Happened

• Phan Kong, Confluent’s Chief Accounting Officer, exercised stock options on 2026-03-05, resulting in the acquisition of 27,608 shares of common stock. The exercise consisted of 6,377 shares at an exercise price of $15.68 (cost $99,991) and 21,231 shares at $4.71 (cost $99,998), for total cash paid of approximately $199,989.
• The filing also shows matching dispositions of the derivative instruments at $0 (i.e., the options/derivatives were converted into common shares). Footnote F1 indicates the options were fully vested.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within the typical two-business-day window).
• Line items: 6,377 shares @ $15.68 = $99,991; 21,231 shares @ $4.71 = $99,998; total shares acquired = 27,608; total cash paid ≈ $199,989.
• Dispositions: corresponding derivatives reported disposed at $0 (conversion of options into shares).
• Footnote: F1 — Fully vested.
• Shares owned after the transaction: not specified in the filing.

Context

• This was an option exercise (transaction code M). The filing shows the insider paid exercise prices rather than an immediate cashless sale; no sale of the acquired shares was reported in the Form 4. Exercises convert derivative holdings (options) into common stock and do not by themselves indicate a buy-or-sell market opinion.