Benoit Dageville - Dec 8, 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Signature
/s/ Bryan Kelly, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Dec 8, 2023
Transactions value $
-$210,314
Form type
4
Date filed
12/12/2023, 04:40 PM
Previous filing
Dec 1, 2023
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Tax liability -$105K -550 -1.35% $190.67 40.3K Dec 8, 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$105K -558 -1.38% $188.97 39.7K Dec 11, 2023 Direct F2, F3
holding SNOW Class A Common Stock 4.98M Dec 8, 2023 Trust 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 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 30, 2022.
F4 The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.