Form 4: Snowflake CFO's Routine Tax-Related Stock Disposition

Snowflake CFO Michael Scarpelli reported a disposition of 788 shares of common stock to cover tax obligations on restricted stock unit vesting.

Summary

• Michael Scarpelli, Chief Financial Officer of Snowflake Inc. (SNOW), reported a transaction on September 8, 2025.
• 788 shares of Snowflake Common Stock were disposed of at a price of $225.58 per share.
• This disposition was explicitly for shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
• Following this transaction, Scarpelli directly owns 280,565 shares of Common Stock.
• He also indirectly owns significant shares through various trusts for his children and the Scarpelli Family Trust, and through his spouse.
• Outstanding derivative securities include fully vested stock options to buy 1,319,299 shares at an exercise price of $8.88, expiring on August 26, 2029.
• Additionally, he holds stock options to buy 69,569 shares at an exercise price of $207.56, which began vesting in 48 equal monthly installments on March 8, 2022, and expire on March 8, 2032.

Sentiment

Score: 5

Explanation: The filing reports a routine tax-related disposition of shares by an executive, which is a neutral event and does not indicate any change in company fundamentals or executive sentiment beyond standard compensation practices.

Future Outlook

This filing, a Form 4, does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• 17,617 shares are held by the 2020 Fintail Irrevocable GST Exempt Trust f/b/o Child 1, Child 2, and Child 3, respectively.
• 2,755 shares are held by the 2020 Fintail Irrevocable Non-Exempt Trust f/b/o Child 1, Child 2, and Child 3, respectively.
• 176,829 shares are held by Irrevocable Trust f/b/o Child 1, Child 2, and Child 3, respectively, created under the Michael P. Scarpelli 2019 Grantor Retained Annuity Trust.
• 34,364 shares are held indirectly by the Reporting Person's spouse.
• 167,521 shares are held by the Scarpelli Family Trust, for which the Reporting Person is a trustee.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, tax-related transaction and does not reflect a change in company fundamentals or executive confidence.

Key Dates

Recommendation

This Form 4 filing details a routine, tax-related disposition of shares by Snowflake's CFO, Michael Scarpelli, upon the vesting of restricted stock units. Such transactions are common for executives and do not typically reflect a change in the company's fundamental outlook or the executive's confidence. Therefore, it does not provide new information that would warrant a change from a 'hold' recommendation based on broader company performance and market conditions.

Keywords

Snowflake, SNOW, Michael Scarpelli, CFO, Form 4, Insider Transaction, Stock Options, Restricted Stock Units, Tax Withholding, Beneficial Ownership