Frank Slootman - 21 Jan 2025 Form 4 Insider Report for Snowflake Inc. (SNOW)

Role
Director
Signature
/s/ Marie Reider, Attorney-in-Fact
Issuer symbol
SNOW
Transactions as of
21 Jan 2025
Transactions value $
-$33,409,389
Form type
4
Filing time
23 Jan 2025, 18:21:56 UTC
Previous filing
02 Jan 2025
Next filing
12 Mar 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 $646K +72.8K +37.26% $8.88 268K 21 Jan 2025 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$12.5M -71.4K -26.65% $175.35 197K 21 Jan 2025 Direct F1, F2, F3
transaction SNOW Class A Common Stock Sale -$234K -1.33K -0.68% $176.13 195K 21 Jan 2025 Direct F1, F2, F4
transaction SNOW Class A Common Stock Options Exercise $1.13M +127K +65.16% $8.88 323K 22 Jan 2025 Direct F1, F2
transaction SNOW Class A Common Stock Sale -$8.68M -49.5K -15.34% $175.39 273K 22 Jan 2025 Direct F1, F2, F5
transaction SNOW Class A Common Stock Sale -$9.99M -56.6K -20.71% $176.63 217K 22 Jan 2025 Direct F1, F2, F6
transaction SNOW Class A Common Stock Sale -$3.76M -21.2K -9.8% $177.23 195K 22 Jan 2025 Direct F1, F2, F7
holding SNOW Class A Common Stock 1.17K 21 Jan 2025 LLC F8
holding SNOW Class A Common Stock 83K 21 Jan 2025 Foundation F9
holding SNOW Class A Common Stock 335K 21 Jan 2025 Trust F10
holding SNOW Class A Common Stock 16.3K 21 Jan 2025 Trust F11
holding SNOW Class A Common Stock 250K 21 Jan 2025 Trust F12
holding SNOW Class A Common Stock 91.1K 21 Jan 2025 Trust F13
holding SNOW Class A Common Stock 91.1K 21 Jan 2025 Trust F14

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 -72.8K -0.71% $0.00 10.2M 21 Jan 2025 Class A Common Stock 72.8K $8.88 Direct F1, F15
transaction SNOW Stock Option (Right to Buy) Options Exercise $0 -127K -1.24% $0.00 10.1M 22 Jan 2025 Class A Common Stock 127K $8.88 Direct F1, F15
* 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 30, 2024.
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 $175.000 to $175.990, 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 $176.090 to $176.160, inclusive.
F5 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $175.000 to $175.990, inclusive.
F6 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $176.000 to $176.990, inclusive.
F7 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $177.000 to $177.600, inclusive.
F8 The shares are held by Invisible Hand Ventures, LLC, of which the Reporting Person is the manager and has sole voting and dispositive power.
F9 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.
F10 The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
F11 The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
F12 The shares are held by the Slootman 2023 Grantor Retained Annuity Trust dated 9/25/23 for which the Reporting Person is a trustee.
F13 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.
F14 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.
F15 The stock option is fully vested.