Form 4: Snowflake EVP Grzegorz Czajkowski Executes Stock Options and Sells Shares Under 10b5-1 Plan

Grzegorz Czajkowski, EVP of Engineering and Support at Snowflake, exercised stock options and sold shares of Class A Common Stock on June 25, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 25, 2024, Grzegorz Czajkowski, the EVP of Engineering and Support at Snowflake Inc., executed stock options and sold shares of Class A Common Stock.
• The transactions were carried out under a 10b5-1 trading plan adopted on March 27, 2024.
• Czajkowski exercised options to acquire 858,739 shares at a price of $8.88 per share.
• He then sold 465,033 shares at a weighted-average price of $123.072, 584 shares at a weighted-average price of $124.075, and 3,503 shares at $125.
• These sales were made to cover the exercise price of the options and to satisfy tax withholding obligations.
• Following these transactions, Czajkowski beneficially owns 494,942 shares of Class A Common Stock.
• He also owns 498,445 shares of Class A Common Stock and 499,029 shares of Class A Common Stock.
• The shares subject to the option are fully vested and immediately exercisable.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports routine transactions under a pre-existing plan. There's no indication of positive or negative implications for the company.

Positives

• The transactions were executed under a pre-arranged 10b5-1 trading plan, which is generally viewed as a transparent and orderly way for insiders to sell shares.

Industry Context

Insider transactions are common, and the use of a 10b5-1 plan suggests a structured approach to managing personal finances without raising concerns about opportunistic trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares, but the pre-arranged nature of the 10b5-1 plan mitigates concerns about insider trading.

Key Dates