Benoit Dageville - 26 Dec 2024 Form 4 Insider Report for Snowflake Inc. (SNOW)

Signature
/s/ Marie Reider, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
26 Dec 2024
Transactions value $
-$1,011,875
Form type
4
Filing time
27 Dec 2024, 16:25:26 UTC
Previous filing
23 Dec 2024
Next filing
13 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNOW Class A Common Stock Options Exercise $4,625 +6,250 +13% $0.74 53,960 26 Dec 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$1,016,500 -6,250 -12% $162.64 47,710 26 Dec 2024 Direct F1, F2
transaction SNOW Class A Common Stock Gift $0 -1,875 -0.04% $0 4,817,305 26 Dec 2024 Trust F1, F3

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 -6,250 -1.1% $0 582,363 26 Dec 2024 Class A Common Stock 6,250 $0.74 Direct F1, F4
* 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, sale, and gift reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 29, 2024.
F2 Includes shares to be issued in connection with the vesting of one or more restricted stock units.
F3 The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.
F4 The shares subject to the option are fully vested and immediately exercisable.