Form 4: Snowflake Chief Revenue Officer Sells Shares to Cover Tax Obligations

Snowflake's Chief Revenue Officer, Christopher William Degnan, disposed of shares to cover tax obligations related to vesting restricted stock units.

Summary

• Christopher William Degnan, Chief Revenue Officer of Snowflake Inc., sold a total of 2,555 Class A Common Stock shares on December 16, 2024, at a price of $167.67 per share.
• These sales were made to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following these transactions, Degnan directly owns 317,913 Class A Common Stock shares and indirectly owns 450,152 shares through various trusts.
• The indirect holdings are through The Degnan Family Trust, Degnan Gift Trust, Fairbanks GRAT No. I, Sherborne GRAT No. I, and The Sudbury Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by an executive. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to stock transactions by a company executive, which is common in publicly traded companies. It does not indicate any specific trend or issue within the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The sale of shares to cover tax obligations is a common practice among executives who receive stock-based compensation.
• The number of shares sold is relatively small compared to the total holdings of the executive.

Stakeholder Impact

• The stock sale by the Chief Revenue Officer is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Snowflake, Christopher William Degnan, Chief Revenue Officer, stock sale, Form 4, insider trading, restricted stock units, tax obligations