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

Michael Scarpelli, CFO of Snowflake Inc., reports the withholding of shares to cover tax obligations and details beneficial ownership of Class A Common Stock and stock options.

Summary

• On March 20, 2025, Michael Scarpelli, the CFO of Snowflake Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates that 29,687 shares of Class A Common Stock were withheld to satisfy tax obligations related to the vesting of restricted stock units at a price of $155.96.
• Following the transaction, 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, including the 2020 Fintail Irrevocable GST Exempt Trusts, the 2020 Fintail Irrevocable Non-Exempt Trusts, and the Scarpelli Family Trust.
• The report also mentions Scarpelli's ownership of stock options, including options to buy 2,019,299 shares at $8.88 (fully vested) and 69,569 shares at $207.56 (vesting monthly from March 8, 2022).

Sentiment

Score: 6

Explanation: The document is neutral in sentiment as it primarily reports transactions and ownership. The information is factual and doesn't inherently indicate positive or negative sentiment.

Positives

• The report provides transparency into the CFO's stock transactions and beneficial ownership.
• Scarpelli's continued holding of a significant number of shares and options may indicate confidence in the company's future.

Negatives

• The withholding of shares to cover tax obligations could be interpreted as a slight reduction in direct ownership, although it's a common practice.

Risks

• There are no specific risks highlighted in this document, as it primarily reports transactions and ownership.

Industry Context

Form 4 filings are a standard part of regulatory compliance for corporate insiders and provide transparency to investors regarding their transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Snowflake, similar to filings made by executives at companies like Amazon, Microsoft, and Google.
• The details disclosed, such as the number of shares and transaction prices, are consistent with the level of information expected in these filings.

Stakeholder Impact

• The report provides transparency to shareholders regarding the CFO's stock transactions and ownership.
• It can influence investor sentiment based on the perceived alignment of management's interests with those of shareholders.

Key Dates

Keywords

Snowflake, Scarpelli, CFO, Form 4, Beneficial Ownership, Stock Options, Class A Common Stock, Restricted Stock Units, Trusts