Benoit Dageville - May 16, 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
President of Products, Director
Signature
/s/ Amanda Baratz, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
May 16, 2023
Transactions value $
$0
Form type
4
Date filed
5/18/2023, 07:23 PM
Previous filing
May 12, 2023
Next filing
May 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Gift $0 -3.96K -0.08% $0.00 5.08M May 16, 2023 Trust F1, F2
holding SNOW Class A Common Stock 43.1K May 16, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 The gift reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
F2 The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.
F3 Includes shares to be issued in connection with the vesting of one or more restricted stock units.