Frank Slootman - 27 Sep 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
CEO and Chairman, Director
Signature
/s/ Merritt Steele, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
27 Sep 2023
Net transactions value
-$1,169,083
Form type
4
Filing time
29 Sep 2023, 16:34:26 UTC
Previous filing
25 Sep 2023
Next filing
12 Oct 2023
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 $37,003 +4,167 +2.3% $8.88* 187,080 27 Sep 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale $117,382 -800 -0.43% $146.73 186,280 27 Sep 2023 Direct F1, F2, F3
transaction SNOW Class A Common Stock Sale $305,300 -2,067 -1.1% $147.70 184,213 27 Sep 2023 Direct F1, F2, F4
transaction SNOW Class A Common Stock Sale $193,179 -1,300 -0.71% $148.60 182,913 27 Sep 2023 Direct F1, F2, F5
transaction SNOW Class A Common Stock Options Exercise $37,003 +4,167 +2.3% $8.88* 187,080 28 Sep 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale $493,521 -3,282 -1.8% $150.37 183,798 28 Sep 2023 Direct F1, F2, F6
transaction SNOW Class A Common Stock Sale $133,707 -885 -0.48% $151.08 182,913 28 Sep 2023 Direct F1, F2, F7
holding SNOW Class A Common Stock 16,300 27 Sep 2023 Trust F8
holding SNOW Class A Common Stock 83,014 27 Sep 2023 Foundation F9
holding SNOW Class A Common Stock 335,146 27 Sep 2023 Trust F10, F11
holding SNOW Class A Common Stock 432,146 27 Sep 2023 Trust F10, F12

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 -4,167 -0.04% $0.000000 11,820,359 27 Sep 2023 Class A Common Stock 4,167 $8.88 Direct F13
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -4,167 -0.04% $0.000000 11,816,192 28 Sep 2023 Class A Common Stock 4,167 $8.88 Direct F13
* 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 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 22, 2023.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $146.24 to $147.15, 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 these footnotes.
F4 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $147.30 to $148.27, inclusive.
F5 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $148.30 to $149.10, inclusive.
F6 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $150.00 to $150.99, inclusive.
F7 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $151.00 to $151.33, inclusive.
F8 The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
F9 The shares are held by the Slootman Family Foundation dated 11/24/2010 for which the Reporting Person is deemed to have voting and investment power over the shares held by the Slootman Family Foundation, but has no personal pecuniary interest in these shares.
F10 On September 25, 2023, the Slootman Living Trust dated 9/8/1999 transferred 432,146 shares of the Issuer's Class A Common Stock to the Slootman 2023 Grantor Retained Annuity Trust dated 9/25/2023 for which the Reporting Person is the trustee.
F11 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F12 The shares are held by the Slootman 2023 Grantor Retained Annuity Trust dated 9/25/23 for which the Reporting Person is a trustee.
F13 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.