Frank Slootman - Mar 15, 2024 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
CEO and Chairman, Director
Signature
/s/ Bryan Kelly, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Mar 15, 2024
Transactions value $
-$5,965,872
Form type
4
Date filed
3/19/2024, 07:39 PM
Previous filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock -Tax liability -$1,097,691 -6,993 -2.58% $156.97 264,349 Mar 15, 2024 Direct F1, F2
transaction SNOW Class A Common Stock -Tax liability -$1,771,877 -11,288 -4.27% $156.97 253,061 Mar 18, 2024 Direct F1, F2
transaction SNOW Class A Common Stock -Sell -$1,374,429 -8,791 -3.47% $156.35 244,270 Mar 18, 2024 Direct F2, F3, F4
transaction SNOW Class A Common Stock -Sell -$1,706,104 -10,873 -4.45% $156.91 233,397 Mar 18, 2024 Direct F2, F3, F5
transaction SNOW Class A Common Stock -Sell -$15,770 -100 -0.04% $157.70 233,297 Mar 18, 2024 Direct F2, F3
holding SNOW Class A Common Stock 16,300 Mar 15, 2024 Trust F6
holding SNOW Class A Common Stock 83,014 Mar 15, 2024 Foundation F7
holding SNOW Class A Common Stock 335,146 Mar 15, 2024 Trust F8
holding SNOW Class A Common Stock 432,146 Mar 15, 2024 Trust F9

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 25, 2023.
F4 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $155.660 to $156.650, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in these footnotes.
F5 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $156.665 to $157.370, inclusive.
F6 The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
F7 The shares are held by the Slootman Family Foundation dated 11/24/2010 for which the Reporting Person is deemed to have voting and investment power over the shares held by the Slootman Family Foundation, but has no personal pecuniary interest in these shares.
F8 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F9 The shares are held by the Slootman 2023 Grantor Retained Annuity Trust dated 9/25/23 for which the Reporting Person is a trustee.