Form 4: Snowflake Inc. Chief Accounting Officer Reports Stock Transactions
SEC Form 4 Filing
Emily Ho, Chief Accounting Officer at Snowflake Inc., reported the acquisition and disposal of company stock, including the vesting of restricted stock units and shares withheld for tax obligations.
Summary
- Emily Ho, the Chief Accounting Officer of Snowflake Inc., filed a Form 4 detailing changes in her beneficial ownership of company stock.
- On October 21, 2024, she acquired 16,881 shares of Class A Common Stock through the vesting of restricted stock units.
- These restricted stock units vest quarterly over three years, with the first 8.33% vesting on December 20, 2024, and subsequent vesting on each quarterly date (March 20, June 20, September 20, and December 20).
- On December 20, 2024, 1,075 shares were disposed of to cover tax withholding obligations related to the vesting of restricted stock units.
- Following these transactions, Ms. Ho beneficially owns 46,268 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing of stock transactions by a company officer, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine filing related to stock transactions by a company officer, which is common practice for publicly traded companies. It provides transparency into the ownership changes of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and Snowflake's filing is consistent with these requirements.
- The vesting schedule of the restricted stock units is a common practice for employee compensation in the tech industry.
- The tax withholding process is also a standard procedure when restricted stock units vest.
Stakeholder Impact
- This filing provides transparency to shareholders regarding the stock ownership of company officers.
- The transactions do not have a direct impact on employees, customers, or suppliers.
Key Dates
| Date | Description |
|---|---|
| 10/21/2024 | Emily Ho acquired 16,881 shares of Class A Common Stock through restricted stock unit vesting. |
| 12/20/2024 | 1,075 shares were disposed of to cover tax withholding obligations, and the first 8.33% of restricted stock units vested. |
| 12/23/2024 | Form 4 filing date. |
Keywords
Snowflake Inc., Form 4, insider trading, stock transaction, restricted stock units, Emily Ho, Chief Accounting Officer, SNOW
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