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Snowflake Inc. — Director's Dealing 2021
Mar 4, 2021
29911_dirs_2021-03-03_b617b69b-9b01-49d9-bfb5-e7c20b2b28f7.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: 2021-03-01
Reporting Person: Kramer Kelly A. (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-01 | Stock Option (Right to Buy) | $21.79 | J | 50000 | Disposed | 2030-01-21 | Class B Common Stock (50000.0) | Direct |
| 2021-03-01 | Stock Option (Right to Buy) | $21.79 | J | 50000 | Acquired | 2030-01-21 | Class A Common Stock (50000.0) | Direct |
Footnotes
F1: Effective as of 5:00 p.m. Eastern Time on March 1, 2021, the date specified by the holders of a majority of the then-outstanding shares of the Issuer's Class B Common Stock, each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock pursuant to the Issuer's amended and restated certificate of incorporation.
F2: In connection with the automatic conversion described in footnote 1, the outstanding options to purchase shares of Class B Common Stock that were issued under the Issuer's Amended and Restated 2012 Equity Incentive Plan remain unchanged, except that the underlying shares now represent Class A Common Stock.
F3: The shares subject to the option vest in 48 equal monthly installment beginning on January 3, 2020, subject to Reporting Person's continuous service through each suchvesting date.