Frank Slootman - Dec 30, 2024 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
Director
Signature
/s/ Marie Reider, Attorney-in-Fact
Stock symbol
SNOW
Transactions as of
Dec 30, 2024
Transactions value $
-$14,612,000
Form type
4
Date filed
1/2/2025, 06:03 PM
Previous filing
Dec 23, 2024
Next filing
Jan 23, 2025
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 $888K +100K +51.21% $8.88 295K Dec 30, 2024 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$15.5M -100K -33.87% $155.00 195K Dec 30, 2024 Direct F1, F2
holding SNOW Class A Common Stock 1.17K Dec 30, 2024 LLC F3
holding SNOW Class A Common Stock 83K Dec 30, 2024 Foundation F4
holding SNOW Class A Common Stock 335K Dec 30, 2024 Trust F5
holding SNOW Class A Common Stock 16.3K Dec 30, 2024 Trust F6
holding SNOW Class A Common Stock 250K Dec 30, 2024 Trust F7
holding SNOW Class A Common Stock 91.1K Dec 30, 2024 Trust F8
holding SNOW Class A Common Stock 91.1K Dec 30, 2024 Trust F9

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 -100K -0.96% $0.00 10.3M Dec 30, 2024 Class A Common Stock 100K $8.88 Direct F1, 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 exercise and sale reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 30, 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 Invisible Hand Ventures, LLC, of which the Reporting Person is the manager and has sole voting and dispositive power.
F4 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.
F5 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F6 The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
F7 The shares are held by the Slootman 2023 Grantor Retained Annuity Trust dated 9/25/23 for which the Reporting Person is a trustee.
F8 The shares are held by the B. Slootman 2024 Grantor Retained Annuity Trust dated 12/3/2024 for which the Reporting Person's spouse is the trustee.
F9 The shares are held by the F. Slootman 2024 Grantor Retained Annuity Trust dated 12/3/2024 for which the Reporting Person is the trustee.
F10 The stock option is fully vested.