Frank Slootman - Nov 16, 2021 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
CEO and Chairman, Director
Signature
/s/ Travis Shrout, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Nov 16, 2021
Transactions value $
-$24,677,754
Form type
4
Date filed
11/18/2021, 08:17 PM
Previous filing
Nov 2, 2021
Next filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Options Exercise $560K +63.1K +264.09% $8.88* 87K Nov 16, 2021 Direct
transaction SNOW Class A Common Stock Sale -$25.2M -63.1K -72.53% $400.01 23.9K Nov 16, 2021 Direct F1, F2
holding SNOW Class A Common Stock 83K Nov 16, 2021 Foundation F3
holding SNOW Class A Common Stock 1.27M Nov 16, 2021 Trust F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -63.1K -0.48% $0.00 13M Nov 16, 2021 Class A Common Stock 63.1K $8.88 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
F2 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $400.00 to $400.05, 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 this footnotes.
F3 The shares are held by the Slootman Family Foundation dated 11/24/2010, a charitable foundation over which the Reporting Person is deemed to have voting and investment power. However, the Reporting Person has no personal pecuniary interest in these shares.
F4 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F5 The shares subject to the option are immediately exercisable and vest in 48 equal monthly installments beginning on April 26, 2019, subject to the Reporting Person's continuous service through each such vesting date.