Vishria Eric 4

What Happened Eric Vishria, a director of Confluent, reported dispositions on March 17, 2026 that together cancel 684,498 shares of Confluent stock in connection with the company’s merger. The three reported dispositions were 663,637; 12,559; and 8,302 shares. Under the Merger Agreement, each share of Class A common stock (and RSUs covering shares) was converted into the right to receive $31.00 per share in cash, for an aggregate cash value of approximately $21,219,438.

Key Details

• Transaction date: 2026-03-17 (reported on Form 4 filed 2026-03-19).
• Transaction type/code: Disposition to issuer (D) — shares canceled and converted to cash under the Merger Agreement (not an open-market sale).
• Per-share price: $31.00 (per Merger Agreement footnote); total ≈ $21.22M.
• Reported line items: 663,637; 12,559; and 8,302 shares (total 684,498).
• Shares owned after the transaction: not specified in the filing.
• Relevant footnotes:
  • F1: Each Class A share was canceled and converted into $31.00 cash (subject to tax withholding) under the Merger Agreement with IBM.
  • F2: Some shares were held by entities controlled by the reporting person.
  • F3: RSUs were canceled and converted into a cash payment equal to the Per Share Price × number of RSU-covered shares.
• Timeliness: Form 4 filed on 2026-03-19 for transactions on 2026-03-17 (appears timely within the Form 4 two-business-day filing window).

Context

• These dispositions resulted from a corporate merger payment (cash-out of shares and RSUs) and are administrative/transactional rather than an open-market sale by the insider. Such merger-related cancellations typically reflect deal terms, not necessarily the insider’s view on the company’s future prospects.
• For retail investors: purchases or open-market sales by insiders can be more informative about sentiment; merger cash-outs are routine outcomes of a negotiated transaction.