Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SNOW | Class A Common Stock | Sale | -$32.4K | -240 | -0.05% | $134.86 | 495K | Jun 28, 2024 | Direct | F1, F2, F3 |
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).
Id | Content |
---|---|
F1 | The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 27, 2024. |
F2 | Shares sold solely to cover the exercise price of, and to satisfy the Reporting Person's tax withholding obligations related to the exercise of stock options listed in Table II in the Form 4 filed by the Reporting Person on June 27, 2024 (the "Prior Form 4"). Due to administrative error by the broker, a second sale transaction was required on June 28, 2024 to satisfy the Reporting Person's tax withholding obligations, in accordance with the 10b5-1 trading plan adopted by the Reporting Person on March 27, 2024. |
F3 | Includes shares to be issued in connection with the vesting of one or more restricted stock units. |
This Form 4/A is being filed to supplement the Prior Form 4 by reporting a second sale transaction that was required to satisfy the Reporting Person's tax withholding obligations arising from the option exercise reported in the Prior Form 4. The second sale transaction was executed on June 28, 2024 and was required due to administrative error by the broker, in accordance with the 10b5-1 trading plan adopted by the Reporting Person on March 27, 2024. The transactions reported in the Prior Form 4 and being reported herein were and are all being reported in a timely manner.