Christopher William Degnan - 22 Jan 2024 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
Chief Revenue Officer
Signature
/s/ Bryan Kelly, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
22 Jan 2024
Net transactions value
-$1,576,410
Form type
4
Filing time
24 Jan 2024, 16:41:11 UTC
Previous filing
12 Jan 2024
Next filing
05 Feb 2024
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 $21,075 +5,635 +5.5% $3.74* 107,642 22 Jan 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale $867,676 -4,335 -4% $200.16 103,307 22 Jan 2024 Direct F1, F2, F3
transaction SNOW Class A Common Stock Sale $261,691 -1,300 -1.3% $201.30 102,007 22 Jan 2024 Direct F1, F2, F4
transaction SNOW Class A Common Stock Options Exercise $8,774 +2,346 +2.3% $3.74* 104,353 23 Jan 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale $58,619 -293 -0.28% $200.06 104,060 23 Jan 2024 Direct F1, F2, F5
transaction SNOW Class A Common Stock Sale $90,150 -446 -0.43% $202.13 103,614 23 Jan 2024 Direct F1, F2, F6
transaction SNOW Class A Common Stock Sale $116,306 -572 -0.55% $203.33 103,042 23 Jan 2024 Direct F1, F2, F7
transaction SNOW Class A Common Stock Sale $130,156 -637 -0.62% $204.33 102,405 23 Jan 2024 Direct F1, F2, F8
transaction SNOW Class A Common Stock Sale $81,660 -398 -0.39% $205.18 102,007 23 Jan 2024 Direct F1, F2, F9
transaction SNOW Class A Common Stock Gift $0 -3,835 -0.71% $0.000000 538,061 24 Jan 2024 Trust F1, F10
holding SNOW Class A Common Stock 120,000 22 Jan 2024 Trust F11

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 -5,635 -6.7% $0.000000 77,941 22 Jan 2024 Class A Common Stock 5,635 $3.74 Direct F1, F12
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -2,346 -3% $0.000000 75,595 23 Jan 2024 Class A Common Stock 2,346 $3.74 Direct F1, F12
* 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 gift, 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 $200.830 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 $201.050 to $201.700 inclusive.
F5 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $200.000 to $200.530 inclusive.
F6 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $201.660 to $202.640 inclusive.
F7 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $202.790 to $203.770 inclusive.
F8 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $203.840 to $204.810 inclusive.
F9 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $204.895 to $205.590 inclusive.
F10 The shares are held by The Degnan Family Trust for which the Reporting Person is a trustee.
F11 The shares are held by The Degnan Gift Trust for which the Reporting Person's immediate family members are beneficiaries.
F12 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.