Form 4: Snowflake Inc. Chief Revenue Officer Christopher Degnan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Christopher Degnan, Chief Revenue Officer of Snowflake Inc., reports a transaction involving Class A Common Stock and adjustments to his beneficial ownership.
Summary
- On June 10, 2024, Christopher Degnan, the Chief Revenue Officer of Snowflake Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 674 shares to satisfy tax obligations related to the vesting of restricted stock units at a price of $126.76.
- Following the reported transaction, Degnan directly owns 354,280 shares of Class A Common Stock.
- Degnan also indirectly owns 120,000 shares through The Degnan Family Gift Trust and 340,152 shares through The Degnan Family Trust.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard insider trading reporting requirements. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of Power of Attorney execution |
| 06/10/2024 | Date of transaction involving Class A Common Stock |
| 06/12/2024 | Date of signature for the Form 4 filing |
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