Form 4: Snowflake CFO Scarpelli Reports Routine Stock Transactions

Snowflake Inc.'s Chief Financial Officer, Michael Scarpelli, reported the disposition of 3,050 common shares to cover tax obligations related to restricted stock unit vesting.

Summary

• Snowflake Inc.'s Chief Financial Officer, Michael Scarpelli, reported transactions on September 15, 2025.
• Scarpelli disposed of 1,581 shares and 1,469 shares of Snowflake common stock, totaling 3,050 shares.
• These dispositions were made to satisfy tax withholding obligations upon the vesting of restricted stock units.
• The shares were disposed of at a price of $221.15 per share.
• Following these transactions, Scarpelli directly owns 277,515 shares of common stock.
• He also holds 793,488 shares indirectly through various trusts for his children and the Scarpelli Family Trust, as well as shares held by his spouse.
• The filing voluntarily reported outstanding stock options, including 1,319,299 shares with an exercise price of $8.88 (fully vested) and 69,569 shares with an exercise price of $207.56 (vesting monthly since March 8, 2022).

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes related to RSU vesting, which is neutral in terms of company performance or outlook.

Positives

• The vesting of restricted stock units indicates continued employment and compensation for the Chief Financial Officer, aligning his interests with shareholders.
• The voluntary reporting of outstanding stock options demonstrates transparency in executive compensation.

Negatives

• The disposition of 3,050 shares of common stock, while for tax purposes, reduces the direct beneficial ownership of the Chief Financial Officer.

Future Outlook

NA

Industry Context

This is a routine insider transaction for tax purposes and does not directly reflect broader industry trends. Such transactions are common for executives receiving equity compensation.

Related Party Transactions

• Shares are held by the 2020 Fintail Irrevocable GST Exempt Trusts f/b/o Child 1, 2, and 3, for which the Reporting Person's children are beneficiaries.
• Shares are held by the 2020 Fintail Irrevocable Non-Exempt Trusts f/b/o Child 1, 2, and 3, for which the Reporting Person's children are beneficiaries.
• Shares are held by Irrevocable Trusts f/b/o Child 1, 2, and 3 created under the Michael P. Scarpelli 2019 Grantor Retained Annuity Trust.
• Shares are held by the Scarpelli Family Trust, for which the Reporting Person is a trustee.
• Shares are held by the Reporting Person's spouse.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related transaction and the CFO retains substantial beneficial ownership.
• Employees: No direct impact on the broader employee base.

Key Dates

Recommendation

This Form 4 filing details a routine disposition of shares by Snowflake's CFO to cover tax obligations upon the vesting of restricted stock units. Such transactions are standard practice for executive compensation and do not reflect a change in the company's fundamentals or the executive's confidence in the long-term prospects. Therefore, it does not provide new information that would alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

Snowflake, SNOW, Michael Scarpelli, CFO, insider transaction, Form 4, stock disposition, RSU vesting, tax withholding, beneficial ownership