Form 4: Snowflake Inc. Chief Revenue Officer Reports Acquisition of Restricted Stock Units

Michael S. Gannon, Chief Revenue Officer of Snowflake Inc., reports the acquisition of restricted stock units (RSUs) that vest quarterly over four years.

Summary

• On April 8, 2025, Michael S. Gannon, the Chief Revenue Officer of Snowflake Inc., acquired 319,408 shares of Class A Common Stock in the form of restricted stock units (RSUs).
• These RSUs will vest quarterly over four years, starting with 10.42% vesting on September 8, 2025, and 6.25% vesting on each subsequent quarterly vest date (March 8, June 8, September 8, and December 8).
• The vesting is contingent upon Gannon's continuous service with Snowflake through each vesting date.
• Following the reported transaction, Gannon beneficially owns 319,408 shares of Class A Common Stock, including shares to be issued upon the vesting of RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns management interests with shareholders. There are no indications of negative events or concerns.

Positives

• The vesting schedule incentivizes the Chief Revenue Officer to remain with the company for the long term.
• The acquisition of RSUs aligns the executive's interests with those of the shareholders.

Risks

• The vesting of the RSUs is contingent upon the executive's continued employment with the company; any departure would impact the vesting schedule.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

This filing is a routine disclosure related to executive compensation and is common for publicly traded companies. It provides transparency into the equity-based compensation of key executives.

Comparison to Industry Standards

• Equity compensation, such as RSUs, is a standard practice in the technology industry to attract and retain top talent.
• Companies like Microsoft, Amazon, and Google also utilize RSUs as part of their compensation packages for executives.
• The vesting schedules and amounts of RSUs can vary widely based on the company's size, performance, and the executive's role.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the Chief Revenue Officer to drive company performance.
• Employees may see this as a standard compensation practice for executives.

Key Dates

Keywords

Snowflake, RSU, Restricted Stock Units, Gannon, Michael S. Gannon, Chief Revenue Officer, Beneficial Ownership, Form 4, SEC