Form 4: Snowflake Chief Revenue Officer Christopher Degnan Reports Stock Transaction

Christopher Degnan, Chief Revenue Officer of Snowflake Inc., reported a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On September 9, 2024, Christopher William Degnan, the Chief Revenue Officer of Snowflake Inc., reported a transaction on SEC Form 4.
• The transaction involved the withholding of 660 Class A Common Stock shares at a price of $108.56 to satisfy tax withholding obligations on the vesting of restricted stock units.
• Following the transaction, Degnan directly owns 350,143 shares of Class A Common Stock, which includes shares to be issued in connection with the vesting of one or more restricted stock units.
• Degnan also indirectly owns shares through various trusts, including The Degnan Family Trust (139,563 shares), The Degnan Family Gift Trust (120,000 shares), The Sherborne GRAT No. I (50,000 shares), The Fairbanks GRAT No. I (50,000 shares), and The Sudbury Trust (100,589 shares).

Sentiment

Score: 5

Explanation: This is a neutral report of a routine stock transaction related to executive compensation. It doesn't indicate positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and stock ownership, common for publicly traded companies like Snowflake.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves a small number of shares withheld for tax purposes.

Key Dates