Grzegorz Czajkowski - 25 Jun 2024 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
EVP, Engineering and Support
Signature
/s/ Marie Reider, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
25 Jun 2024
Net transactions value
-$50,117,274
Form type
4
Filing time
27 Jun 2024, 19:34:34 UTC
Previous filing
24 Jun 2024
Next filing
02 Jul 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 $7,625,602 +858,739 +815% $8.88* 964,062 25 Jun 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale $57,232,541 -465,033 -48% $123.07 499,029 25 Jun 2024 Direct F1, F2, F3, F4
transaction SNOW Class A Common Stock Sale $72,460 -584 -0.12% $124.08 498,445 25 Jun 2024 Direct F1, F2, F3, F5
transaction SNOW Class A Common Stock Sale $437,875 -3,503 -0.7% $125.00 494,942 25 Jun 2024 Direct F1, F2

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 -858,739 -100% $0.000000* 0 25 Jun 2024 Class A Common Stock 858,739 $8.88 Direct 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 The exercise and sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 27, 2024.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 Shares sold solely to cover the exercise price of, and to satisfy the Reporting Person's tax withholding obligations related to, the exercise of stock options listed in Table II.
F4 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $123.00 to $123.995, 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 range 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 $124.020 to $124.090, inclusive.
F6 The shares subject to the option are fully vested and immediately exercisable.