Frank Slootman - Nov 29, 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
CEO and Chairman, Director
Signature
/s/ Merritt Steele, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Nov 29, 2023
Transactions value $
-$18,789,608
Form type
4
Date filed
11/30/2023, 07:27 PM
Previous filing
Nov 27, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Options Exercise $999K +113K +61.5% $8.88* 295K Nov 29, 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$12.3M -70.1K -23.72% $175.54 225K Nov 29, 2023 Direct F1, F2, F3
transaction SNOW Class A Common Stock Sale -$6.91M -39.1K -17.37% $176.43 186K Nov 29, 2023 Direct F1, F2, F4
transaction SNOW Class A Common Stock Sale -$585K -3.3K -1.77% $177.17 183K Nov 29, 2023 Direct F1, F2, F5
holding SNOW Class A Common Stock 16.3K Nov 29, 2023 Trust F6
holding SNOW Class A Common Stock 335K Nov 29, 2023 Trust F7
holding SNOW Class A Common Stock 432K Nov 29, 2023 Trust F8
holding SNOW Class A Common Stock 83K Nov 29, 2023 Foundation 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 -113K -0.95% $0.00 11.7M Nov 29, 2023 Class A Common Stock 113K $8.88 Direct F10
* 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 $175.000 to $175.990, 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 footnote.
F4 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $176.000 to $176.990, inclusive.
F5 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $177.000 to $177.490, inclusive.
F6 The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
F7 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F8 The shares are held by the Slootman 2023 Grantor Retained Annuity Trust dated 9/25/23 for which the Reporting Person is a trustee.
F9 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.
F10 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.