Frank Slootman - 26 Dec 2023 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
CEO and Chairman, Director
Signature
/s/ Alex K. Kassai, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
26 Dec 2023
Transactions value $
-$94,205,995
Form type
4
Filing time
28 Dec 2023, 16:31:15 UTC
Previous filing
12 Dec 2023
Next filing
02 Jan 2024
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 $2.22M +250K +138.78% $8.88* 430K 26 Dec 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$16.3M -83.9K -19.5% $194.73 346K 26 Dec 2023 Direct F1, F2, F3
transaction SNOW Class A Common Stock Sale -$14.6M -74.6K -21.53% $195.44 272K 26 Dec 2023 Direct F1, F2, F4
transaction SNOW Class A Common Stock Sale -$3.01M -15.3K -5.64% $196.40 256K 26 Dec 2023 Direct F1, F2, F5
transaction SNOW Class A Common Stock Sale -$912K -4.62K -1.8% $197.53 252K 26 Dec 2023 Direct F1, F2, F6
transaction SNOW Class A Common Stock Sale -$13.5M -67.9K -26.98% $198.52 184K 26 Dec 2023 Direct F1, F2, F7
transaction SNOW Class A Common Stock Sale -$737K -3.7K -2.01% $199.19 180K 26 Dec 2023 Direct F1, F2, F8
transaction SNOW Class A Common Stock Options Exercise $2.22M +250K +138.78% $8.88* 430K 27 Dec 2023 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$9.26M -46.9K -10.89% $197.55 383K 27 Dec 2023 Direct F1, F2, F9
transaction SNOW Class A Common Stock Sale -$34.8M -176K -45.83% $198.36 208K 27 Dec 2023 Direct F1, F2, F10
transaction SNOW Class A Common Stock Sale -$2.94M -14.7K -7.09% $199.59 193K 27 Dec 2023 Direct F1, F2, F11
transaction SNOW Class A Common Stock Sale -$2.56M -12.7K -6.61% $200.56 180K 27 Dec 2023 Direct F1, F2, F12
holding SNOW Class A Common Stock 16.3K 26 Dec 2023 Trust F13
holding SNOW Class A Common Stock 83K 26 Dec 2023 Foundation F14
holding SNOW Class A Common Stock 335K 26 Dec 2023 Trust F15
holding SNOW Class A Common Stock 432K 26 Dec 2023 Trust F16

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 -250K -2.14% $0.00 11.4M 26 Dec 2023 Class A Common Stock 250K $8.88 Direct F17
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -250K -2.19% $0.00 11.2M 27 Dec 2023 Class A Common Stock 250K $8.88 Direct F17
* 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 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 25, 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 in multiple transactions ranging from $194.010 to $195.010, 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 $195.015 to $196.010, inclusive.
F5 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $196.050 to $197.050, inclusive.
F6 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $197.060 to $198.050, inclusive.
F7 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $198.070 to $199.070, inclusive.
F8 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $199.080 to $199.290, inclusive.
F9 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $197.045 to $198.045, inclusive.
F10 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $198.050 to $199.050, inclusive.
F11 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $199.065 to $200.065, inclusive.
F12 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $200.130 to $200.910, inclusive.
F13 The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
F14 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.
F15 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F16 The shares are held by the Slootman 2023 Grantor Retained Annuity Trust dated 9/25/23 for which the Reporting Person is a trustee.
F17 The shares subject to the option are immediately exercisable and vest in 48 equal monthly installments beginning on April 26, 2019, subject to the Reporting Person's continuous service through each such vesting date.