Sec Form 13G Filing - INDEX VENTURES VII (JERSEY) L.P. @ Confluent Inc.

Sec Form 13G Filing - INDEX VENTURES VII (JERSEY) L.P. filing for Confluent Inc. (CFLT) - 2023-02-13

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

Confluent, Inc.

(Name of Issuer)

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

20717M103

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☑ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 20717M103		SCHEDULE 13G		Page 2 of 13 Pages

(1)

Index Ventures VII (Jersey) L.P. (“Index Ventures VII”) directly owns 14,681,573 shares of the Issuer’s Class B Common Stock, par value $0.0001 per share (“Class B Common Stock” and together with the Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”), the “Common Stock”). The percent of class was calculated based on 153,731,055 shares of Class A Common Stock outstanding as of October 26, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022, plus 14,681,573 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2022, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. 20717M103		SCHEDULE 13G		Page 3 of 13 Pages

(1)

Index Ventures VII Parallel Entrepreneur Fund (Jersey), L.P. (“Index Ventures VII Parallel” and together with Index Ventures VII, the “Index VII Funds”) directly owns 363,796 shares of the Issuer’s Class B Common Stock. The percent of class was calculated based on 153,731,055 shares of Class A Common Stock outstanding as of October 26, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022, plus 363,796 shares of the Issuer&# x92;s Class B Common Stock held by the reporting person as of December 31, 2022, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. 20717M103		SCHEDULE 13G		Page 4 of 13 Pages

(1)

Yucca (Jersey) SLP (“Yucca”) directly owns 298,941 shares of the Issuer’s Class B Common Stock. The percent of class was calculated based on 153,731,055 shares of Class A Common Stock outstanding as of October 26, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022, plus 298,941 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2022, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. 20717M103		SCHEDULE 13G		Page 5 of 13 Pages

(1)

Index Venture Associates VII Limited (“IVA VII”) may be deemed to beneficially own an aggregate 15,274,484 shares of Class B Common Stock, consisting of (i) 15,045,369 shares of Class B Common Stock held by the Index VII Funds and (ii) 229,115 shares of Class B Common Stock held by Yucca. The percent of class was calculated based on 153,731,055 shares of Class A Common Stock outstanding as of October 26, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022, plus 15,274,484 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2022, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. 20717M103		SCHEDULE 13G		Page 6 of 13 Pages

(1)

Index Ventures Growth IV (Jersey), L.P. (“Index Growth IV”) directly owns 4,037,640 shares of the Issuer’s Class B Common Stock. The percent of class was calculated based on 153,731,055 shares of Class A Common Stock outstanding as of October 26, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022, plus 4,037,640 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2022, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. 20717M103		SCHEDULE 13G		Page 7 of 13 Pages

(1)

Index Venture Growth Associates IV Limited (“IVGA IV”) may be deemed to beneficially own an aggregate of 4,107,466 shares of Class B Common Stock, consisting of (i) 4,037,640 shares of Class B Common Stock held directly by Index Growth IV and (ii) 69,826 shares of Class B Common Stock held directly by Yucca. The percent of class was calculated based on 153,731,055 shares of Class A Common Stock outstanding as of October 26, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022, plus 4,107,466 shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2022, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. 20717M103		SCHEDULE 13G		Page 8 of 13 Pages

Item 1.

Issuer


		(a)		Name of Issuer:

				Confluent, Inc. (the “Issuer”)

		(b)		Address of Issuer’s Principal Executive Offices:

				899 W. Evelyn Avenue Mountain View, CA 94041

Item 2.

Filing Person


		(a) – (c)		Name of Persons Filing; Address; Citizenship:

				(i) Index Ventures VII, a Jersey, Channel Islands partnership. (ii) Index Ventures VII Parallel, a Jersey, Channel Islands partnership. (iii) Yucca, a Jersey, Channel Islands separate partnership. (iv) IVA VII, a Jersey, Channel Islands corporation, the general partner of the Index Venture VII Funds. (v) Index Growth IV, a Jersey, Channel Islands partnership. (vi) IVGA IV, a Jersey, Channel Islands corporation, the general partner of Index Growth IV (together with Index Ventures VII and Index Ventures VII Parallel, the “Index Venture Funds”). The address of the principal business office of each of the reporting persons is 44 Esplanade, St. Helier, Jersey, Channel Islands JE4 9WG.

		(d)		Title of Class of Securities:

				Class A Common Stock, $0.0001 par value per share

		(e)		CUSIP Number: 20717M103

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:


(a)	☐	Broker or dealer registered under Section 15 of the Act;

(b)	☐	Bank as defined in Section 3(a)(6) of the Act;

(c)	☐	Insurance company as defined in Section 3(a)(19) of the Act;

(d)	☐	Investment company registered under Section 8 of the Investment Company Act of 1940;

(e)	☐	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)	☐	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)	☐	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)	☐	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);


CUSIP No. 20717M103		SCHEDULE 13G		Page 9 of 13 Pages



(i)	☐	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

(j)	☐	A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

(k)	☐	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

	If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:


CUSIP No. 20717M103		SCHEDULE 13G		Page 10 of 13 Pages

Item 4.

Ownership.

(a) and (b)

Amount beneficially owned:

(i)

Index Ventures VII directly owns 14,681,573 shares of Class B Common Stock, which represents approximately 8.7% of the outstanding Class A Common Stock as calculated based on Rule 13d-3 of the Securities Exchange Act of 1934.

(ii)

Index Ventures VII Parallel directly owns 363,796 shares of Class B Common Stock, which represents approximately 0.2% of the outstanding Class A Common Stock as calculated based on Rule 13d-3 of the Securities Exchange Act of 1934.

(iii)

Yucca directly owns 298,941 shares of Class B Common Stock, which represents approximately 0.2% of the outstanding Class A Common Stock as calculated based on Rule 13d-3 of the Securities Exchange Act of 1934. Yucca administers the co-investment vehicle that is contractually required to mirror the Index Venture Funds’ investments. As a result, each of IVA VII and IVGA IV may be deemed to have voting and dispositive power over Yucca’s shares by virtue of their voting and dispositive power over the shares owned by the Index Venture Funds.

(iv)

IVA VII may be deemed to beneficially own an aggregate of 15,274,484 shares of Class B Common Stock, consisting of (i) 15,045,369 shares of Class B Common Stock held by the Index VII Funds and (ii) 229,115 shares of Class B Common Stock held by Yucca, which represents approximately 9.0% of the outstanding Class A Common Stock as calculated based on Rule 13d-3 of the Securities Exchange Act of 1934.

(v)

Index Gr owth IV directly owns 4,037,640 shares of Class B Common Stock, which represents approximately 2.6% of the outstanding Class A Common Stock as calculated based on Rule 13d-3 of the Securities Exchange Act of 1934.

(vi)

IVGA IV may be deemed to beneficially own an aggregate of 4,107,466 shares of Class B Common Stock, consisting of (i) 4,037,640 shares of Class B Common Stock held directly by Index Growth IV and (ii) 69,826 shares of Class B Common Stock held directly by Yucca, which represents approximately 2.6% of the outstanding Class A Common Stock as calculated based on Rule 13d-3 of the Securities Exchange Act of 1934.

(c)

Number of shares as to which such person has:


	Number of Shares of Common Stock
Reporting Person	(i)		(ii)		(iii)		(iv)
Index Ventures VII		14,681,573		0		14,681,573		0
Index Ventures VII Parallel		363,796				363,796
Yucca		298,941				298,941
IVA VII		15,274,484				15,274,484
Index Growth IV		4,037,640				4,037,640
IVGA IV		4,107,466				4,107,466

(i)

Sole power to vote or direct the vote

(ii)

Shared power to vote or to direct the vote

(iii)

Sole power to dispose or to direct the disposition of

(iv)

Shared power to dispose or to direct the disposition of

The percent of class was calculated based on 153,731,055 shares of Class A Common Stock outstanding as of October 26, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022, plus the shares of the Issuer’s Class B Common Stock held by the reporting person as of December 31, 2022, which are treated as converted into Class A Common Stock only for the purpose of computing the reporting person’s beneficial ownership percentage pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.


CUSIP No. 20717M103		SCHEDULE 13G		Page 11 of 13 Pages

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certification.

Not applicable.


CUSIP No. 20717M103		SCHEDULE 13G		Page 12 of 13 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 13, 2023


INDEX VENTURES VII (JERSEY), L.P.

By:		Index Venture Associates VII Limited
Its:		General Partner

By:		/s/ Nigel Greenwood
		Name: Nigel Greenwood
		Title: Director

INDEX VENTURES VII PARALLEL
ENTREPRENEUR FUND (JERSEY), L.P.

By:		Index Venture Associates VII Limited
Its:		General Partner

By:		/s/ Nigel Greenwood
		Name: Nigel Greenwood
		Title: Director

YUCCA (JERSEY) SLP

By:		Intertrust Employee Benefit Services
		Limited as authorized signatory of Yucca
		(Jersey) SLP in its capacity as an
		Administrator of the Index Co-
		Investment Scheme

By:		/s/ Luke Aubert
		Name: Luke Aubert
		Title: Authorized Signatory

By:		/s/ Lucy Miller
		Name: Lucy Miller
		Title: Authorized Signatory

INDEX VENTURE ASSOCIATES VII LIMITED

By:		/s/ Nigel Greenwood
		Name: Nigel Greenwood
		Title: Director


CUSIP No. 20717M103		SCHEDULE 13G		Page 13 of 13 Pages


INDEX VENTURES GROWTH IV (JERSEY), L.P.

By:		Index Venture Growth Associates IV Limited
Its:		General Partner

By:		/s/ Nigel Greenwood
		Name: Nigel Greenwood
		Title: Director

INDEX VENTURE GROWTH ASSOCIATES IV LIMITED

By:		/s/ Nigel Greenwood
		Name: Nigel Greenwood
		Title: Director

YUCCA (JERSEY) SLP

By:		EFG Fund Administration Limited as authorized signatory of Yucca (Jersey) SLP in its capacity as the Administrator of the Index Ventures Growth IV Co-Investment Scheme

By:		/s/ Nigel Greenwood
		Name: Nigel Greenwood
		Title: Authorized Signatory

NAMES OF REPORTING PERSONS

Index Ventures VII (Jersey), L.P.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐ (b) ☒

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Jersey, Channel Islands