Frank Slootman - 08 Dec 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Signature
/s/ Bryan Kelly, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
08 Dec 2023
Transactions value $
-$532,130
Form type
4
Filing time
12 Dec 2023, 16:48:23 UTC
Previous filing
30 Nov 2023
Next filing
28 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Tax liability -$278K -1.46K -0.8% $190.67 181K 08 Dec 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$2.83K -15 -0.01% $188.68 181K 11 Dec 2023 Direct F2, F3
transaction SNOW Class A Common Stock Sale -$13.4K -70 -0.04% $191.50 181K 11 Dec 2023 Direct F2, F3
transaction SNOW Class A Common Stock Sale -$114K -591 -0.33% $193.20 181K 11 Dec 2023 Direct F2, F3, F4
transaction SNOW Class A Common Stock Sale -$96.2K -495 -0.27% $194.26 180K 11 Dec 2023 Direct F2, F3, F5
transaction SNOW Class A Common Stock Sale -$27.4K -140 -0.08% $195.46 180K 11 Dec 2023 Direct F2, F3, F6
holding SNOW Class A Common Stock 16.3K 08 Dec 2023 Trust F7
holding SNOW Class A Common Stock 83K 08 Dec 2023 Foundation F8
holding SNOW Class A Common Stock 335K 08 Dec 2023 Trust F9
holding SNOW Class A Common Stock 432K 08 Dec 2023 Trust F10
* 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 sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 22, 2023.
F4 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $192.820 to $193.680, 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 footnote.
F5 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $193.890 to $194.860, inclusive.
F6 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $195.040 to $195.880, inclusive.
F7 The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
F8 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.
F9 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F10 The shares are held by the Slootman 2023 Grantor Retained Annuity Trust dated 9/25/23 for which the Reporting Person is a trustee.