Benoit Dageville - Nov 30, 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Signature
/s/ Merritt Steele, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Nov 30, 2023
Transactions value $
-$2,468,461
Form type
4
Date filed
12/1/2023, 07:11 PM
Previous filing
Nov 13, 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 Gift $0 -3.96K -0.08% $0.00 4.98M Nov 30, 2023 Trust F1, F2
transaction SNOW Class A Common Stock Options Exercise $9.75K +13.2K +32.27% $0.74 54K Nov 30, 2023 Direct F1, F3
transaction SNOW Class A Common Stock Sale -$2.48M -13.2K -24.4% $188.00 40.8K Nov 30, 2023 Direct F1, 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 -13.2K -5.21% $0.00 240K Nov 30, 2023 Class A Common Stock 13.2K $0.74 Direct F4

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, sale, and gift reported in this Form 4 was effected pursuant to 10b5-1 trading plans adopted by the Reporting Person on December 30, 2022.
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.
F4 The shares subject to the option are fully vested and immediately exercisable.