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Snowflake Inc. — Director's Dealing 2021
Apr 2, 2021
29911_dirs_2021-04-01_1128d4a5-c9a6-4c79-9ad2-0c3c78db4bbf.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Snowflake Inc. (SNOW)
CIK: 0001640147
Period of Report: 2021-03-30
Reporting Person: GERSTNER BRAD (10% Owner)
Reporting Person: Altimeter Capital Management, LP (10% Owner)
Reporting Person: Altimeter Capital Management General Partner, LLC (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-30 | Class A Common Stock | J | 985393 | — | Disposed | 32221080 | Indirect |
| 2021-03-30 | Class A Common Stock | J | 629200 | — | Acquired | 704037 | Direct |
Footnotes
F1: Altimeter Private Partner General Partner, LLC, the general partner of Altimeter Private Partners Fund I, L.P. ("APPF I"), made a pro rata distribution for no consideration of an aggregate of 743,289 shares of Class A Common Stock of the Issuer to its limited partners and Bradley Gerstner. Altimeter Private General Partner II, LLC, the general partner of Altimeter Private Partners Fund II, L.P. ("APPF II"), made a pro rata distribution for no consideration of an aggregate of 211,156 shares of Class A Common Stock of the Issuer to its limited partners and Bradley Gerstner. Altimeter Sierra General Partner, LLC, the general partner of Altimeter Growth Sierra Fund, L.P. ("AGSF"), made a pro rata distribution for no consideration of an aggregate of 30,948 shares of Class A Common Stock of the Issuer to its limited partners and Bradley Gerstner.
F2: A portion of these shares are directly owned by Altimeter Partners Fund, L.P. ("APF"), APPF I, APPF II, Altimeter Growth Partners Fund III, L.P. ("AGPF III"), AGSF, Altimeter Growth Partners Fund IV, L.P. ("AGPF IV") (collectively, the "Altimeter Entities") in the amounts of 9,126,337, 12,030,328, 4,111,818, 4,379,699, 1,798,765, and 774,133.
F3: (Continued from footnote 2) Altimeter Private General Partner, LLC is the general partner of APPF I, Altimeter Private General Partner II, LLC is the general partner of APPF II, and Altimeter Sierra General Partner, LLC is the general partner of AGSF, Altimeter General Partner, LLC is the general partner of APF, Altimeter Growth General Partner III, LLC is the general partner of AGPF III, and Altimeter Growth General Partner IV, LLC is the general partner of AGPF IV (collectively, the "Altimeter Fund GPs"). Each of the Altimeter Fund GPs has delegated share voting and investment power to Altimeter Capital Management, LP (the "Investment Manager"). The sole general partner of the Investment Manager is Altimeter Capital General Partner, LLC (the "General Partner"), and Bradley Gerstner is the sole managing principal of the Investment Manager and the General Partner, and may be deemed to share voting and investment power over these shares.
F4: (Continued from footnote 3) Because of the relationship between the Investment Manager, the General Partner and Bradley Gerstner and the Altimeter Entities and the Altimeter Fund GPs, each of the Investment Manager, the General Partner and Bradley Gerstner may be deemed to beneficially own the securities reported herein to the extent of its direct or indirect pecuniary interests in the Altimeter Entities and the Altimeter Fund GPs. Each of the Investment Manager, the General Partner and Bradley Gerstner disclaims any beneficial ownership of the securities held by the Altimeter Entities except to the extent of any pecuniary interest therein.
F5: As a result of the pro rata distributions for no consideration discussed above made by each of Altimeter Private Partner General Partner, LLC and Altimeter Private General Partner II, LLC, Bradley Gerstner received 629,200 shares of Class A Common Stock of the Issuer. Mr. Gerstner holds these shares directly.