Form 4: Snowflake Chief Revenue Officer Christopher Degnan Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Christopher Degnan, Chief Revenue Officer of Snowflake Inc., reported the disposal of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Christopher William Degnan, the Chief Revenue Officer of Snowflake Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 15, 2024, 1,258 shares of Class A Common Stock were disposed of at a price of $156.97 to cover tax obligations.
- On March 18, 2024, an additional 5,412 shares of Class A Common Stock were disposed of at the same price of $156.97 for the same reason.
- Following these transactions, Degnan directly owns 129,705 shares of Class A Common Stock.
- Degnan also indirectly owns 541,896 shares through The Degnan Family Trust and 120,000 shares through The Degnan Gift Trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, and has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and stock ownership transparency in publicly traded companies. The disposal of shares to cover tax obligations is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | 1,258 shares of Class A Common Stock disposed of for tax obligations. |
| 03/18/2024 | 5,412 shares of Class A Common Stock disposed of for tax obligations. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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