Form 4: Snowflake CFO Michael Scarpelli Reports Stock Transactions and Beneficial Ownership
SEC Form 4
Michael Scarpelli, CFO of Snowflake Inc., filed a Form 4 detailing stock transactions and beneficial ownership, including shares withheld for tax obligations and holdings in various trusts.
Summary
- On September 9, 2024, Michael Scarpelli, the CFO of Snowflake Inc., reported transactions involving Class A Common Stock.
- 775 shares were disposed of to cover tax obligations at a price of $108.56 per share.
- Scarpelli directly owns 169,963 shares of Class A Common Stock.
- He also indirectly owns shares through various trusts for his children, his spouse, and himself, totaling 836,491 shares.
- Scarpelli holds options to buy 2,088,868 shares of Class A Common Stock at exercise prices of $8.88 and $207.56.
- The filing also includes voluntarily reported outstanding stock options as of the date of the report.
Sentiment
Score: 5
Explanation: This is a routine filing, so the sentiment is neutral. It simply reports transactions and holdings.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership trends.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's stock transactions and ownership.
Key Dates
| Date | Description |
|---|---|
| 12/29/2020 | Date of the 2020 Fintail Irrevocable GST Exempt Trusts and Non-Exempt Trusts. |
| 03/08/2022 | Start date for monthly vesting of some stock options. |
| 08/26/2029 | Expiration date for some stock options. |
| 03/08/2032 | Expiration date for some stock options. |
| 09/09/2024 | Date of the reported stock transaction. |
| 09/11/2024 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.