Frank Slootman - Sep 16, 2024 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
Director
Signature
/s/ Marie Reider, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Sep 16, 2024
Transactions value $
-$1,085,616
Form type
4
Date filed
9/18/2024, 08:00 PM
Previous filing
Sep 11, 2024
Next filing
Nov 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Tax liability -$229K -2.01K -0.92% $113.67 216K Sep 16, 2024 Direct F1, F2
transaction SNOW Class A Common Stock Tax liability -$142K -1.25K -0.58% $113.67 215K Sep 16, 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$715K -6.25K -2.91% $114.39 209K Sep 17, 2024 Direct F2, F3
holding SNOW Class A Common Stock 16.3K Sep 16, 2024 Trust F4
holding SNOW Class A Common Stock 335K Sep 16, 2024 Trust F5
holding SNOW Class A Common Stock 83K Sep 16, 2024 Foundation F6
holding SNOW Class A Common Stock 432K Sep 16, 2024 Trust 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 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 The sale reported in this Form 4 was effected pursuant to 10b5-1 trading plans adopted by the Reporting Person on March 25, 2024.
F4 The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
F5 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F6 The shares are held by the Slootman Family Foundation dated 11/24/2010, a charitable foundation over which the Reporting Person is deemed to have voting and investment power. However, the Reporting Person has no personal pecuniary interest in these shares.
F7 The shares are held by the Slootman 2023 Grantor Retained Annuity Trust dated 9/25/23 for which the Reporting Person is a trustee.