Form 4: Snowflake CFO Michael Scarpelli Reports Stock Sales and Option Exercise

Snowflake's CFO, Michael Scarpelli, reported the sale of Class A Common Stock and the exercise of stock options on March 25, 2025.

Summary

• Michael Scarpelli, CFO of Snowflake Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On March 25, 2025, Scarpelli exercised stock options to acquire 300,000 shares of Class A Common Stock at a price of $8.88 per share.
• He also sold 143,367 shares at a weighted average price of $162.705, 119,150 shares at a weighted average price of $163.438, and 37,483 shares at a weighted average price of $164.444.
• Following these transactions, Scarpelli directly owns 292,610 shares of Class A Common Stock.
• He also indirectly owns shares through various trusts for the benefit of his children and family.
• Scarpelli also holds options to purchase 69,569 shares at $207.56, vesting monthly until March 8, 2032, and is voluntarily reporting his outstanding stock options as of the date of this report.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a routine disclosure of stock transactions by a company executive. There's no indication of positive or negative implications for the company's performance.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions may provide insights to stakeholders regarding management's perspective on the company's stock value.
• The sales could exert downward pressure on the stock price in the short term.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Options, Stock Sale, Michael Scarpelli, Snowflake, SNOW, CFO