Michael Scarpelli - 27 Feb 2024 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
Chief Financial Officer
Signature
/s/ Bryan Kelly, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
27 Feb 2024
Net transactions value
$0
Form type
4
Filing time
29 Feb 2024, 21:42:56 UTC
Previous filing
12 Dec 2023
Next filing
07 Mar 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 Award $0 +46,272 +33% $0.000000 187,300 27 Feb 2024 Direct F1, F2
holding SNOW Class A Common Stock 560,493 27 Feb 2024 Trust F3, F4
holding SNOW Class A Common Stock 195,672 27 Feb 2024 Trust F3, F5
holding SNOW Class A Common Stock 9,686 27 Feb 2024 Trust F6
holding SNOW Class A Common Stock 9,686 27 Feb 2024 Trust F7
holding SNOW Class A Common Stock 9,686 27 Feb 2024 Trust F8
holding SNOW Class A Common Stock 2,755 27 Feb 2024 Trust F9
holding SNOW Class A Common Stock 2,755 27 Feb 2024 Trust F10
holding SNOW Class A Common Stock 2,755 27 Feb 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
holding SNOW Stock Option (Right to Buy) 2,019,299 27 Feb 2024 Class A Common Stock 2,019,299 $8.88 Direct F12, F13
holding SNOW Stock Option (Right to Buy) 69,569 27 Feb 2024 Class A Common Stock 69,569 $207.56 Direct F13, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents previously granted restricted stock units acquired following determination of the Issuer's achievement of pre-established financial performance goals for fiscal year 2024. The restricted stock units will vest over four years, with 25% vesting on March 15, 2024 and 6.25% vesting on each "Quarterly Date" thereafter, subject to the Reporting Person's continuous service through each such vesting date. Quarterly Dates are each of March 15, June 15, September 15, and December 15.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 Reflects the distribution of 16,725 shares from the Michael P. Scarpelli Retained Annuity Trust to the Reporting Person as an annuity payment on September 12, 2023 and the subsequent transfer of the 16,725 shares from the Reporting Person to the Scarpelli Family Trust on September 15,2023.
F4 The shares are held by the Michael P. Scarpelli 2019 Grantor Retained Annuity Trust for which the Reporting Person is a beneficiary.
F5 The shares are held by the Scarpelli Family Trust for which the Reporting Person is a trustee.
F6 The shares are held by the 2020 Fintail Irrevocable GST Exempt Trust f/b/o Child 1 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F7 The shares are held by the 2020 Fintail Irrevocable GST Exempt Trust f/b/o Child 2 dated 12/29/2020 for which the Reporting Persons' child is the beneficiary.
F8 The shares are held by the 2020 Fintail Irrevocable GST Exempt Trust f/b/o Child 3 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F9 The shares are held by the 2020 Fintail Irrevocable Non-Exempt Trust f/b/o Child 1 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F10 The shares are held by the 2020 Fintail Irrevocable Non-Exempt Trust f/b/o Child 2 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F11 The shares are held by the 2020 Fintail Irrevocable Non-Exempt Trust f/b/o Child 3 dated 12/29/2020 for which the Reporting Person's child is the beneficiary.
F12 The shares subject to the option are immediately exercisable and vest in 48 equal monthly installments beginning on August 19, 2019, subject to Reporting Person's continuous service through each such vesting date.
F13 The Reporting Person is not reporting any transactions relating to his stock options for the Issuer's Class A Common Stock and is voluntarily reporting his outstanding stock options as of the date of this report.
F14 The shares subject to the option vest in 48 equal monthly installments beginning on March 8, 2022, subject to the Reporting Person's continuous service through each such vesting date.