Form 4: Snowflake Director Kelly A. Kramer Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Kelly A. Kramer reports acquisition of 2,292 shares of Class A Common Stock in the form of restricted stock units.
Summary
- On July 2, 2024, Kelly A. Kramer, a director of Snowflake Inc., reported the acquisition of 2,292 shares of Class A Common Stock.
- These shares were acquired as restricted stock units (RSUs).
- The RSUs will vest on the earlier of the 2025 annual meeting of stockholders or the first anniversary of the grant date, contingent upon continued service as a director.
- Following the transaction, Kramer directly owns 7,428 shares of Class A Common Stock, including shares to be issued in connection with the vesting of one or more restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the holdings and transactions of company directors.
Key Dates
| Date | Description |
|---|---|
| June 6, 2024 | Date of Power of Attorney execution. |
| July 2, 2024 | Date of transaction: acquisition of restricted stock units. |
| July 3, 2024 | Date of signature for the Form 4 filing. |
| 2025 | RSUs vest on the earlier of the 2025 annual meeting of stockholders or the first anniversary of the date of grant. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.