Christopher William Degnan - Jan 10, 2024 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
Chief Revenue Officer
Signature
/s/ Bryan Kelly, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Jan 10, 2024
Transactions value $
-$943,164
Form type
4
Date filed
1/12/2024, 05:26 PM
Previous filing
Dec 22, 2023
Next filing
Jan 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Options Exercise $14.2K +3.8K +3.73% $3.74* 106K Jan 10, 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$760K -3.8K -3.59% $200.13 102K Jan 10, 2024 Direct F1, F2, F3
transaction SNOW Class A Common Stock Options Exercise $3.74K +1K +0.98% $3.74* 103K Jan 11, 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$201K -1K -0.97% $200.42 102K Jan 11, 2024 Direct F1, F2, F4
holding SNOW Class A Common Stock 120K Jan 10, 2024 Trust F5
holding SNOW Class A Common Stock 542K Jan 10, 2024 Trust F6

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 -3.8K -4.3% $0.00 84.6K Jan 10, 2024 Class A Common Stock 3.8K $3.74 Direct F7
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -1K -1.18% $0.00 83.6K Jan 11, 2024 Class A Common Stock 1K $3.74 Direct F7
* 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 exercises and sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 13, 2022.
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 $200.000 to $200.51 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 $200.000 to $200.96 inclusive.
F5 The shares are held by The Degnan Gift Trust for which the Reporting Person's immediate family members are beneficiaries.
F6 The share are held by The Degnan Family Trust for which the Reporting Person is a trustee.
F7 The shares subject to the option are immediately exercisable and vest in 24 equal monthly installments beginning on November 1, 2021, subject to the Reporting Person's continuous service through each such vesting date.