Benoit Dageville - Jul 10, 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
President of Products, Director
Signature
/s/ Philip Reuther, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Jul 10, 2023
Transactions value $
-$2,188,170
Form type
4
Date filed
7/12/2023, 05:40 PM
Previous filing
Jun 23, 2023
Next filing
Jul 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Options Exercise $5.55K +7.5K +17.88% $0.74* 49.5K Jul 10, 2023 Direct F1
transaction SNOW Class A Common Stock Options Exercise $1.48K +5.68K +11.48% $0.26* 55.1K Jul 10, 2023 Direct F1
transaction SNOW Class A Common Stock Sale -$2.2M -13.2K -23.91% $166.53 42K Jul 10, 2023 Direct F1, F2
holding SNOW Class A Common Stock 5.04M Jul 10, 2023 Trust F3

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 -7.5K -2.34% $0.00 312K Jul 10, 2023 Class A Common Stock 7.5K $0.74 Direct F4
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -5.68K -100% $0.00* 0 Jul 10, 2023 Class A Common Stock 5.68K $0.26 Direct F4
* 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 exercise and sales reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 30, 2022.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.
F4 The shares subject to the option are fully vested and immediately exercisable.