Christian Kleinerman - Jun 8, 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
SVP, Product Management
Signature
/s/ Philip Reuther, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Jun 8, 2023
Transactions value $
-$193,135
Form type
4
Date filed
6/12/2023, 07:35 PM
Previous filing
May 31, 2023
Next filing
Jun 16, 2023
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 Tax liability -$66.9K -384 -0.05% $174.31 745K Jun 8, 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$126K -724 -0.1% $174.31 744K Jun 9, 2023 Direct F2, F3
holding SNOW Class A Common Stock 58.6K Jun 8, 2023 LLC F4
holding SNOW Class A Common Stock 102K Jun 8, 2023 2021 GRAT F5
holding SNOW Class A Common Stock 100K Jun 8, 2023 2022 GRAT F6
* 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 a 10b5-1 trading plan adopted by the Reporting Person on June 30, 2022.
F4 Shares are held by the Kleinerman 2020 Dynasty LLC for which the Reporting Person is the manager and the Reporting Person's immediate family members are the beneficiaries.
F5 Shares are held by the Christian Kleinerman 2021 Grantor Retained Annuity Trust dated September 2, 2021 for which the Reporting Person is the trustee.
F6 Shares are held by the Christian Kleinerman 2022 Grantor Retained Annuity Trust dated June 24, 2022 for which the Reporting Person is the trustee.