Christopher William Degnan - 01 May 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
01 May 2024
Net transactions value
-$1,953,344
Form type
4
Filing time
03 May 2024, 17:11:43 UTC
Previous filing
22 Mar 2024
Next filing
12 Jun 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 Gift $0 -3,835 -1.1% $0.000000 354,954 01 May 2024 Direct F1, F2, F3
transaction SNOW Class A Common Stock Options Exercise $47,805 +12,782 +3.6% $3.74* 367,736 01 May 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale $108,133 -700 -0.19% $154.48 367,036 01 May 2024 Direct F1, F2, F4
transaction SNOW Class A Common Stock Sale $1,099,001 -7,047 -1.9% $155.95 359,989 01 May 2024 Direct F1, F2, F5
transaction SNOW Class A Common Stock Sale $350,070 -2,233 -0.62% $156.77 357,756 01 May 2024 Direct F1, F2, F6
transaction SNOW Class A Common Stock Sale $268,696 -1,702 -0.48% $157.87 356,054 01 May 2024 Direct F1, F2, F7
transaction SNOW Class A Common Stock Sale $79,378 -500 -0.14% $158.76 355,554 01 May 2024 Direct F1, F2, F8
transaction SNOW Class A Common Stock Sale $95,870 -600 -0.17% $159.78 354,954 01 May 2024 Direct F1, F2, F9
holding SNOW Class A Common Stock 120,000 01 May 2024 Trust F10
holding SNOW Class A Common Stock 340,152 01 May 2024 Trust F3, 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 -12,782 -20% $0.000000 50,031 01 May 2024 Class A Common Stock 12,782 $3.74 Direct 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 exercise, sales, and gift reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 27, 2023.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 Reflects the transfer of 198,305 shares and 3,439 shares from The Degnan Family Trust to the Reporting Person's Individual account on March 27, 2024, and March 28, 2024, respectively.
F4 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $154.310 to $155.110, 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.
F5 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $155.380 to $156.370, inclusive.
F6 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $156.390 to $157.330, inclusive.
F7 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $157.390 to $158.370, inclusive.
F8 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $158.500 to $158.930, inclusive.
F9 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $159.550 to $159.980, inclusive.
F10 The shares are held by The Degnan Gift Trust for which the Reporting Person's immediate family members are the beneficiaries.
F11 The shares are held by The Degnan Family Trust for which the Reporting Person is a trustee.
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.