Michael Scarpelli - 15 Dec 2021 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
Chief Financial Officer
Signature
/s/ Travis Shrout, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
15 Dec 2021
Net transactions value
-$234,675,000
Form type
4
Filing time
16 Dec 2021, 16:02:21 UTC
Previous filing
10 Dec 2021
Next filing
11 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Options Exercise $6,216,000 +700,000 +560% $8.88* 824,895 15 Dec 2021 Direct
transaction SNOW Class A Common Stock Sale $240,891,000 -700,000 -85% $344.13 124,895 15 Dec 2021 Direct F1
holding SNOW Class A Common Stock 589,499 15 Dec 2021 Trust F2
holding SNOW Class A Common Stock 166,666 15 Dec 2021 Trust F3
holding SNOW Class A Common Stock 9,686 15 Dec 2021 Trust F4
holding SNOW Class A Common Stock 2,755 15 Dec 2021 Trust F5
holding SNOW Class A Common Stock 9,686 15 Dec 2021 Trust F6
holding SNOW Class A Common Stock 2,755 15 Dec 2021 Trust F7
holding SNOW Class A Common Stock 9,686 15 Dec 2021 Trust F8
holding SNOW Class A Common Stock 2,755 15 Dec 2021 Trust F9

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 -700,000 -22% $0.000000 2,419,299 15 Dec 2021 Class A Common Stock 700,000 $8.88 Direct F10
* 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 for financial and tax planning purposes.
F2 The shares are held by the Michael P. Scarpelli 2019 Grantor Retained Annuity Trust for which the Reporting Person is a beneficiary.
F3 The shares are held by the Scarpelli Family Trust for which the Reporting Person is a trustee.
F4 The shares are held by the 2020 Fintail Irrevocable GST Exempt Trust f/b/o Child 1 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F5 The shares are held by the 2020 Fintail Irrevocable Non-Exempt Trust f/b/o Child 1 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F6 The shares are held by the 2020 Fintail Irrevocable GST Exempt Trust f/b/o Child 2 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F7 The shares are held by the 2020 Fintail Irrevocable Non-Exempt Trust f/b/o Child 2 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F8 The shares are held by the 2020 Fintail Irrevocable GST Exempt Trust f/b/o Child 3 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F9 The shares are held by the 2020 Fintail Irrevocable Non-Exempt Trust f/b/o Child 3 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F10 The shares subject to the option are immediately exercisable and vest in 48 equal monthly installments beginning on August 19, 2019, subject to the Reporting Person's continuous service through each such vesting date.