Frank Slootman - 21 Jun 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
CEO and Chairman, Director
Signature
/s/ Philip Reuther, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
21 Jun 2023
Transactions value $
-$3,499,316
Form type
4
Filing time
23 Jun 2023, 18:22:10 UTC
Previous filing
12 Jun 2023
Next filing
07 Jul 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 Options Exercise $169K +19.1K +10.27% $8.88* 205K 21 Jun 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$172K -990 -0.48% $173.79 204K 21 Jun 2023 Direct F1, F2, F3
transaction SNOW Class A Common Stock Sale -$638K -3.65K -1.79% $175.14 200K 21 Jun 2023 Direct F1, F2, F4
transaction SNOW Class A Common Stock Sale -$1.29M -7.31K -3.65% $175.87 193K 21 Jun 2023 Direct F1, F2, F5
transaction SNOW Class A Common Stock Sale -$505K -2.85K -1.48% $177.05 190K 21 Jun 2023 Direct F1, F2, F6
transaction SNOW Class A Common Stock Sale -$249K -1.4K -0.74% $178.01 189K 21 Jun 2023 Direct F1, F2, F7
transaction SNOW Class A Common Stock Sale -$143K -800 -0.42% $179.22 188K 21 Jun 2023 Direct F1, F2, F8
transaction SNOW Class A Common Stock Sale -$180K -992 -0.53% $181.90 187K 21 Jun 2023 Direct F1, F2, F9
transaction SNOW Class A Common Stock Sale -$198K -1.09K -0.58% $182.49 186K 21 Jun 2023 Direct F1, F2, F10
transaction SNOW Class A Common Stock Options Exercise $15.6K +1.76K +0.95% $8.88* 187K 22 Jun 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$34.2K -195 -0.1% $175.21 187K 22 Jun 2023 Direct F1, F2, F11
transaction SNOW Class A Common Stock Sale -$114K -644 -0.34% $176.50 187K 22 Jun 2023 Direct F1, F2, F12
transaction SNOW Class A Common Stock Sale -$52.7K -296 -0.16% $178.16 186K 22 Jun 2023 Direct F1, F2, F13
transaction SNOW Class A Common Stock Sale -$112K -626 -0.34% $178.85 186K 22 Jun 2023 Direct F1, F2, F14
holding SNOW Class A Common Stock 83K 21 Jun 2023 Foundation F15
holding SNOW Class A Common Stock 767K 21 Jun 2023 Trust F16
holding SNOW Class A Common Stock 16.3K 21 Jun 2023 Trust F17

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 -19.1K -0.16% $0.00 11.9M 21 Jun 2023 Class A Common Stock 19.1K $8.88 Direct F18
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -1.76K -0.01% $0.00 11.9M 22 Jun 2023 Class A Common Stock 1.76K $8.88 Direct F18
* 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 and sales reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 22, 2023.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 The price reported in Column 4 is a weighted-average price. The shares were sold on 6/21/2023 in multiple transactions ranging from $173.310 to $174.270, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in these footnotes.
F4 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $174.450 to $175.440, inclusive.
F5 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $175.460 to $176.400, inclusive.
F6 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $176.530 to $177.480, inclusive.
F7 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $177.620 to $178.590 , inclusive.
F8 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $178.950 to $179.570, inclusive.
F9 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $181.185 to $182.180, inclusive.
F10 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $182.210 to $182.660 , inclusive.
F11 The price reported in Column 4 is a weighted-average price. The shares were sold on 6/22/2023 in multiple transactions ranging from $175.000 to $175.405, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in these footnotes.
F12 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $176.120 to $177.080, inclusive.
F13 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $177.650 to $178.620, inclusive.
F14 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $178.680 to $178.960, inclusive.
F15 The shares are held by the Slootman Family Foundation dated 11/24/2010 for which the Reporting Person is deemed to have voting and investment power over the shares held by the Slootman Family Foundation, but has no personal pecuniary interest in these shares.
F16 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F17 The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
F18 The shares subject to the option are immediately exercisable and vest in 48 equal monthly installments beginning on April 26, 2019, subject to Reporting Person's continuous service through each such vesting date.