Benoit Dageville - Nov 21, 2024 Form 4 Insider Report for Snowflake Inc. (SNOW)

Signature
/s/ Marie Reider, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Nov 21, 2024
Transactions value $
-$23,032,625
Form type
4
Date filed
11/25/2024, 07:08 PM
Previous filing
Sep 24, 2024
Next filing
Dec 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Options Exercise $50.9K +68.8K +129.11% $0.74 122K Nov 21, 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$11.1M -68.8K -56.35% $161.50 53.3K Nov 21, 2024 Direct F1, F2
transaction SNOW Class A Common Stock Options Exercise $50.9K +68.8K +129.11% $0.74 122K Nov 22, 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$12M -68.8K -56.35% $175.00 53.3K Nov 22, 2024 Direct F1, F2
transaction SNOW Class A Common Stock Gift $0 -20.6K -0.42% $0.00 4.89M Nov 22, 2024 Trust F1, F3

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 -68.8K -28.65% $0.00 171K Nov 21, 2024 Class A Common Stock 68.8K $0.74 Direct F4
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -36.1K -21.09% $0.00 135K Nov 22, 2024 Class A Common Stock 36.1K $0.74 Direct F4
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -32.6K -5.1% $0.00 607K Nov 22, 2024 Class A Common Stock 32.6K $0.74 Direct F4
* 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 exercises, sales, and gift reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 29, 2024.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.
F4 The stock option is fully vested.