Frank Slootman - 15 Dec 2021 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
CEO and Chairman, Director
Signature
/s/ Travis Shrout, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
15 Dec 2021
Net transactions value
-$335,250,000
Form type
4
Filing time
16 Dec 2021, 16:02:38 UTC
Previous filing
24 Nov 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 Gift $0 -6,309 -36% $0.000000 11,273 30 Nov 2021 Direct F1
transaction SNOW Class A Common Stock Gift $0 -11,273 -100% $0.000000* 0 02 Dec 2021 Direct F1
transaction SNOW Class A Common Stock Options Exercise $8,880,000 +1,000,000 $8.88* 1,000,000 15 Dec 2021 Direct
transaction SNOW Class A Common Stock Sale $344,130,000 -1,000,000 -100% $344.13 0 15 Dec 2021 Direct F2
holding SNOW Class A Common Stock 1,266,092 15 Dec 2021 Trust F3
holding SNOW Class A Common Stock 83,014 15 Dec 2021 Foundation 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 -1,000,000 -7.7% $0.000000 11,920,364 15 Dec 2021 Class A Common Stock 1,000,000 $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 gifts reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
F2 The sale reported in this Form 4 was effected for financial and tax planning purposes.
F3 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F4 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.
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.