Form 4: Snowflake Inc. Chief Revenue Officer Christopher William Degnan Reports Stock Transaction

Christopher William Degnan, Chief Revenue Officer of Snowflake Inc., reports a transaction involving Class A Common Stock on March 8, 2024, including shares withheld for tax obligations and holdings in family trusts.

Summary

• On March 8, 2024, Christopher William Degnan, the Chief Revenue Officer of Snowflake Inc., reported a transaction involving the company's Class A Common Stock.
• 675 shares were disposed of at a price of $162.40 to cover tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Degnan directly owns 136,375 shares, which includes shares to be issued in connection with the vesting of one or more restricted stock units.
• Degnan also indirectly owns 541,896 shares through The Degnan Family Trust, where he serves as a trustee, and 120,000 shares through The Degnan Gift Trust, where his immediate family members are beneficiaries.

Sentiment

Score: 5

Explanation: This is a neutral report of a routine stock transaction. It doesn't indicate positive or negative sentiment.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it primarily involves tax obligations related to executive compensation.

Key Dates