Brad Gerstner - 10 Jun 2021 Form 4 Insider Report for Snowflake Inc. (SNOW)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
14 Jun 2021, 17:26:22 UTC
Next SEC filing
09 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Hab Siam, Attorney-in-fact for Bradley Gerstner

Key filing fact

Brad Gerstner filed Form 4 for Snowflake Inc. (SNOW) on 14 Jun 2021.

Key facts

  • This page summarizes Brad Gerstner's Form 4 filing for Snowflake Inc. (SNOW).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 14 Jun 2021, 17:26.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SNOW transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-9,165,979
Change %
-27%
Price
$0.000000
Shares after
24,951,588
Date
10 Jun 2021
Ownership
See Footnote
Footnotes
F1, F2, F3, F4
SNOW transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+128,744
Change %
+18%
Price
$0.000000
Shares after
832,781
Date
10 Jun 2021
Ownership
Direct
Footnotes
F1, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Brad Gerstner is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

Altimeter Private Partners Fund I, L.P. ("APPF I") made a pro rata distribution for no consideration of an aggregate of 4,511,373 shares of Class A Common Stock of the Issuer to Altimeter Private Partner General Partner, LLC, its limited partners and Bradley Gerstner. Altimeter Private Partners Fund II, L.P. ("APPF II") made a pro rata distribution for no consideration of an aggregate of 1,541,932 shares of Class A Common Stock of the Issuer to Altimeter Private General Partner II, LLC, its limited partners and Bradley Gerstner. Altimeter Growth Partners Fund III, L.P. ("AGPF III") made a pro rata distribution for no consideration of an aggregate of 1,313,909 shares of Class A Common Stock of the Issuer to Altimeter Growth General Partner III, LLC, its limited partners and Bradley Gerstner.

Footnote F2

(Continued from footnote 1) Altimeter Growth Sierra Fund, L.P. ("AGSF") made a pro rata distribution for no consideration of an aggregate of 1,798,765 shares of Class A Common Stock of the Issuer to Altimeter Sierra General Partner, LLC and its limited partners. A portion of these shares are directly owned by Altimeter Partners Fund, L.P. ("APF"), APPF I, APPF II, AGPF III, Altimeter Growth Partners Fund IV, L.P. ("AGPF IV") (collectively with Altimeter Growth Sierra Fund, L.P., the "Altimeter Entities") in the amounts of 9,126,337, 7,518,955, 2,569,886, 3,065,790, and 774,133, respectively. A portion of these shares are directly owned by Altimeter Private Partner General Partner, LLC, Altimeter Private General Partner II, LLC, Altimeter Growth General Partner III, LLC, Altimeter Sierra General Partner, LLC, in the amounts of 1,161,679, 397,053, 165,554, and 172,201, respectively.

Footnote F3

(Continued from footnote 2) Altimeter Private General Partner, LLC is the general partner of APPF I, Altimeter Private General Partner II, LLC is the general partner of APPF II, and Altimeter Sierra General Partner, LLC is the general partner of AGSF, Altimeter General Partner, LLC is the general partner of APF, Altimeter Growth General Partner III, LLC is the general partner of AGPF III, and Altimeter Growth General Partner IV, LLC is the general partner of AGPF IV (collectively, the "Altimeter Fund GPs"). Each of the Altimeter Fund GPs has delegated share voting and investment power to Altimeter Capital Management, LP (the "Investment Manager"). The sole general partner of the Investment Manager is Altimeter Capital General Partner, LLC (the "General Partner"), and Bradley Gerstner is the sole managing principal of the Investment Manager and the General Partner, and may be deemed to share voting and investment power over these shares.

Footnote F4

(Continued from footnote 3) Because of the relationship between the Investment Manager, the General Partner and Bradley Gerstner and the Altimeter Entities and the Altimeter Fund GPs, each of the Investment Manager, the General Partner and Bradley Gerstner may be deemed to beneficially own the securities reported herein to the extent of its direct or indirect pecuniary interests in the Altimeter Entities and the Altimeter Fund GPs. Each of the Investment Manager, the General Partner and Bradley Gerstner disclaims any beneficial ownership of the securities held by the Altimeter Entities except to the extent of any pecuniary interest therein.

Footnote F5

As a result of the pro rata distributions for no consideration discussed above made by each of APPF I, APPF II, and AGPF III, Bradley Gerstner received 128,744 shares of Class A Common Stock of the Issuer. Mr. Gerstner holds these shares directly.

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