Form 4: Snowflake CFO Michael Scarpelli Reports Share Transactions and Beneficial Ownership

Michael Scarpelli, CFO of Snowflake Inc., reports the withholding of shares to cover tax obligations and details beneficial ownership, including holdings in various trusts.

Summary

• On March 10, 2025, Michael Scarpelli, the CFO of Snowflake Inc., reported a transaction involving Class A Common Stock.
• 826 shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $158.91 per share.
• Following the transaction, Scarpelli directly owns 325,347 shares of Class A Common Stock.
• Scarpelli also indirectly owns shares through various trusts, including trusts for his children and a family trust.
• The report also voluntarily discloses Scarpelli's ownership of stock options, including options to purchase 2,019,299 shares at $8.88 and 69,569 shares at $207.56.
• The options to purchase 69,569 shares vest in 48 equal monthly installments beginning on March 8, 2022.

Sentiment

Score: 7

Explanation: The document is neutral to slightly positive. It reflects routine transactions and holdings, with no indication of concern. The CFO's continued significant holdings suggest confidence.

Positives

• The CFO's continued holding of a significant number of shares and options indicates confidence in the company's future.
• Voluntary reporting of stock options provides transparency.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the stock options suggests a continued commitment to the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's ongoing management of his equity holdings in Snowflake.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency regarding insider transactions.
• The details provided in this filing are consistent with the level of information typically disclosed in such reports.
• Comparable companies like Datadog, MongoDB, and Okta also have similar filings when their executives trade company stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves are unlikely to have a significant impact on stakeholders.

Key Dates