Christopher William Degnan - 14 Dec 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
Chief Revenue Officer
Signature
/s/ Bryan Kelly, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
14 Dec 2023
Transactions value $
-$23,077,464
Form type
4
Filing time
18 Dec 2023, 16:57:48 UTC
Previous filing
12 Dec 2023
Next filing
22 Dec 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 $117,406 +83,267 +57% $1.41 230,636 14 Dec 2023 Direct F1, F2
transaction SNOW Class A Common Stock Options Exercise $118,823 +31,771 +14% $3.74 262,407 14 Dec 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$19,253,356 -96,125 -37% $200.3 166,282 14 Dec 2023 Direct F1, F2, F3
transaction SNOW Class A Common Stock Sale -$2,650,823 -13,158 -7.9% $201.46 153,124 14 Dec 2023 Direct F1, F2, F4
transaction SNOW Class A Common Stock Sale -$1,164,731 -5,755 -3.8% $202.39 147,369 14 Dec 2023 Direct F1, F2, F5
transaction SNOW Class A Common Stock Gift $0 -34,515 -23% $0 112,854 15 Dec 2023 Direct F1, F2
transaction SNOW Class A Common Stock Tax liability -$244,782 -1,230 -1.1% $199.01 111,624 15 Dec 2023 Direct F2, F6
holding SNOW Class A Common Stock 120,000 14 Dec 2023 Trust F7
holding SNOW Class A Common Stock 537,289 14 Dec 2023 Trust F8

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 -83,267 -100% $0* 0 14 Dec 2023 Class A Common Stock 83,267 $1.41 Direct F9
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -31,771 -26% $0 88,377 14 Dec 2023 Class A Common Stock 31,771 $3.74 Direct 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 The gift, exercises, and sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 13, 2022.
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 in multiple transactions ranging from $200.000 to $200.990 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 $201.000 to $201.990, inclusive.
F5 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $202.025 to $202.650, inclusive.
F6 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F7 The shares are held by The Degnan Gift Trust for which the Reporting Person's immediate family members are beneficiaries.
F8 The share are held by The Degnan Family Trust for which the Reporting Person is a trustee.
F9 The shares subject to the option are immediately exercisable and vest in 52 equal monthly installments beginning on July 1, 2017, subject to the Reporting Person's continuous service through each such vesting date.
F10 The shares subject to the option are immediately exercisable and vest in 24 equal monthly installments beginning on November 1, 2021, subject to the Reporting Person's continuous service through each such vesting date.