Confluent, Inc. (CFLT)

Insider Trading Filed: 2026-03-19

Key Insights

The reporting person, Alyssa Henry, has disposed of 20,247 shares of Confluent Class A common stock and 8,302 restricted stock units (RSUs), likely due to the acquisition of Confluent by IBM per the Merger Agreement.
The reporting person also had 187,500 stock options that were canceled in exchange for cash payment based on the merger consideration of $31 per share.
This transaction represents a complete divestiture of the reporting person's direct equity holdings in Confluent, suggesting the acquisition has been finalized.

Insider Trading Filed: 2026-03-19

Key Insights

The reporting person, Edward Jay Kreps, the Chief Executive Officer of Confluent, Inc. (CFLT), has disposed of a significant number of his Class B common stock holdings, totaling over 16 million shares, as part of the company's acquisition by IBM.
Kreps' options to purchase additional Class A common stock, totaling over 5 million shares, have also been canceled in exchange for cash payments based on the merger consideration of $31 per share.
The filing indicates that Kreps' remaining beneficial ownership in Confluent, Inc. is now zero, suggesting a complete exit of his position as part of the acquisition.

Insider Trading Filed: 2026-03-19

Key Insights

Confluent, Inc. (CFLT) has been acquired by IBM at a cash price of $31.00 per share, representing a significant premium over the company's current trading price.
All outstanding Confluent RSUs have been assumed by IBM and converted into IBM restricted stock units.
The reporting person, Phan Kong, who serves as Confluent's Chief Accounting Officer, has fully vested stock options that have been canceled in exchange for cash based on the merger consideration.

Insider Trading Filed: 2026-03-19

Key Insights

Confluent, Inc. has been acquired by IBM for $31 per share in cash, representing a significant premium for shareholders.
All of Confluent's outstanding restricted stock units (RSUs) have been assumed by IBM and converted into IBM common stock RSUs.
Confluent's Chief Financial Officer, Rohan Sivaram, has sold all of his Confluent Class A common stock and RSUs as part of the acquisition.

Insider Trading Filed: 2026-03-19

Key Insights

Neha Narkhede, a director of Confluent, Inc. (CFLT), has sold a significant number of shares, including 20,247 shares of Class A Common Stock and 8,302 Restricted Stock Units.
The share sales were part of the merger agreement between Confluent and IBM, where each share of Class A Common Stock was canceled and converted into $31.00 per share in cash.
Narkhede also holds 1,083,729 shares of Class B Common Stock, which were also canceled and converted into the merger consideration.

Insider Trading Filed: 2026-03-19

Key Insights

Michelangelo Volpi, a director at Confluent, sold a significant number of Class A common shares, totaling 235,041 and 155,512 shares, suggesting potential changes in his ownership position.
The share sales were executed on March 17, 2026, pursuant to the merger agreement between Confluent and IBM, where each share was canceled and converted into a cash payment of $31.00 per share.
Volpi holds the shares through the Volpi-Cupal Family Trust, of which he serves as trustee, and he has disclaimed beneficial ownership of the shares beyond his pecuniary interest.

Insider Trading Filed: 2026-03-19

Key Insights

Confluent, Inc. (CFLT) announced the acquisition by International Business Machines Corporation, with each share of CFLT Class A Common Stock to be canceled and converted into $31.00 per share in cash.
The reporting person, Eric Vishria, is a director of Confluent and held both direct and indirect ownership of CFLT Class A Common Stock as well as Restricted Stock Units (RSUs).
The transaction resulted in the disposition of Vishria's direct holdings of CFLT Class A Common Stock and RSUs in exchange for the cash merger consideration.

Insider Trading Filed: 2026-03-19

Key Insights

Confluent, Inc. was acquired by International Business Machines Corporation in a cash transaction, with each share of Confluent Class A Common Stock canceled and converted into the right to receive $31.00 per share.
The reporting person, Gregory George Schott, who was a director of Confluent, disposed of his Confluent holdings, including 12,559 shares of Class A Common Stock and 8,302 Restricted Stock Units, in the merger transaction.
Schott also held a stock option to purchase 450,944 shares of Confluent Class A Common Stock, which was canceled in exchange for a cash payment equal to the excess of the per share merger consideration over the exercise price of the option.

Insider Trading Filed: 2026-03-19

Key Insights

Confluent, Inc. (CFLT) is being acquired by International Business Machines Corporation (IBM) for $31.00 per share in cash, representing a potential exit for shareholders.
The reporting person, Matthew Craig Miller, has disposed of 9,886 shares of Confluent Class A common stock as part of the acquisition.
The transaction appears to be a one-time event related to the merger agreement between Confluent and IBM, rather than an ongoing pattern of insider selling.

Insider Trading Filed: 2026-03-19

Key Insights

Confluent, Inc. is being acquired by International Business Machines Corporation for $31.00 per share in cash, a significant premium for shareholders.
The reporting person, Jonathan Chadwick, is a director of Confluent and is disposing of 485,938 shares of Class A common stock and 8,302 restricted stock units as part of the acquisition.
The transaction represents a major corporate event for Confluent and provides liquidity for shareholders at an attractive valuation.

Insider Trading Filed: 2026-03-19

Key Insights

Confluent, Inc. (CFLT) is being acquired by IBM for $31.00 per share in cash, as per the Agreement and Plan of Merger dated December 7, 2025.
The reporting person, Lara Caimi, is a director of Confluent and is selling all of her Class A common stock and restricted stock units as part of the acquisition.
The acquisition will result in the cancellation and conversion of all Confluent's Class A and Class B common stock into the $31.00 per share cash consideration.

Current Report Filed: 2026-03-17

Key Insights

Confluent, Inc. was acquired by International Business Machines Corporation (IBM) on March 17, 2026 for $31.00 per share in cash.
As a result of the merger, Confluent's outstanding convertible notes will be converted into the right to receive a cash payment equal to the conversion rate, providing liquidity for noteholders.
The acquisition represents a premium of approximately 50% over Confluent's closing stock price prior to the announcement, suggesting IBM sees significant value in Confluent's cloud-native data streaming platform.

Current Report Filed: 2026-02-25

Key Insights

Confluent's Chief Accounting Officer Kong Phan is resigning effective April 13, 2026 to pursue another opportunity, which does not appear to be related to any accounting issues at the company.
The resignation is not due to any disagreement on Confluent's accounting practices, operations, or policies, which suggests an amicable departure.
Investors should monitor any impact on Confluent's financial reporting and internal controls resulting from this leadership change in the accounting function.

Current Report Filed: 2026-02-12

Key Insights

Confluent, Inc. (CFLT) has entered into a definitive agreement to be acquired by International Business Machines Corporation (IBM) for an undisclosed amount.
The acquisition is expected to be completed by the middle of 2026, subject to shareholder and regulatory approvals.
Confluent stockholders have approved the merger agreement, with over 86% of shares voting in favor of the transaction.

Annual Report Filed: 2026-02-11

Key Insights

Confluent's revenue growth remains strong, with subscription revenue increasing by 33% year-over-year in 2025.
The company's gross margins improved by 2 percentage points in 2025, indicating efficiency gains in its operations.
Confluent provided positive guidance for 2026, projecting continued double-digit revenue growth and improved profitability.

Current Report Filed: 2026-02-11

Key Insights

Confluent reported strong Q4 2025 financial results, with revenue growth of 35% year-over-year and improved profitability.
The company's cloud-based data streaming platform is gaining significant traction, with a 50% increase in cloud revenue and growing customer adoption.
Confluent provided a positive outlook for fiscal year 2026, with guidance for continued revenue growth and further operational efficiency improvements.

Current Report Filed: 2026-02-04

Key Insights

Confluent is being acquired by IBM for an undisclosed amount, as previously disclosed in a merger agreement.
Confluent has received 17 demand letters from purported stockholders alleging that the proxy statement contains false and misleading information, which Confluent denies.
Confluent has decided to voluntarily supplement the disclosures in the proxy statement to address the claims in the demand letters and lawsuits, despite believing the original disclosures were compliant.

Current Report Filed: 2026-01-13

Key Insights

Confluent, Inc. (CFLT) has entered into an agreement to be acquired by IBM, subject to regulatory approvals and shareholder approval.
The expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 is a significant milestone towards the completion of the merger.
Confluent has filed a definitive proxy statement with the SEC regarding a special shareholder meeting to be held on February 12, 2026 to approve the merger.

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Important Information