SNOW Form 4: Scarpelli Disposes 7,420 Shares on RSU Vesting at $230.48
Rhea-AI Filing Summary
Michael Scarpelli, Snowflake Inc. CFO, retired effective September 22, 2025. The Form 4 reports a transaction on 09/22/2025: 7,420 shares of Snowflake common stock were disposed of at $230.48 per share to satisfy tax withholding on vested restricted stock units. After the reported transaction, the filing shows the reporting person beneficially owns 270,095 shares directly and a series of indirect holdings across trusts and a spouse totaling additional positions, including multiple trusts holding 176,829, 34,364, 167,521 and several 17,617 and 2,755 share blocks. The filing is signed by an attorney-in-fact on 09/24/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider retirement triggered RSU vesting and tax-withholding sale; ownership remains materially significant.
The Form 4 documents an administrative sale of 7,420 shares at $230.48 to cover tax withholding on vested restricted stock units concurrent with the Reporting Person's retirement as CFO effective 09/22/2025. This is routine for equity compensation settlements and does not indicate opportunistic trading. The disclosure of substantial indirect holdings via multiple family and grantor trusts signals the Reporting Person retains concentrated economic exposure to Snowflake, which is relevant for governance and potential related-party considerations.
TL;DR: The transaction is a non-material, tax-related disposition; aggregate beneficial ownership remains sizeable.
The reported disposition of 7,420 shares appears solely to satisfy tax obligations from RSU vesting rather than a market-driven sale for diversification. The filing lists 270,095 shares directly owned post-transaction and numerous indirect trust holdings (notably multiple 176,829 and 17,617 share trusts), indicating the former CFO continues to hold a meaningful stake. For investors, the key takeaway is continuity of insider ownership despite retirement; there is no new derivative or large open-market sale disclosed here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,420 | $230.48 | $1.71M |
| holding | Common Stock | -- | -- | -- |
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Footnotes (1)
- Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The shares are held by the 2020 Fintail Irrevocable GST Exempt Trust f/b/o Child 1 dated 12/29/2020 for which the Reporting Person's child is the beneficiary. The shares are held by the 2020 Fintail Irrevocable GST Exempt Trust f/b/o Child 2 dated 12/29/2020 for which the Reporting Person's child is the beneficiary. The shares are held by the 2020 Fintail Irrevocable GST Exempt Trust f/b/o Child 3 dated 12/29/2020 for which the Reporting Person's child is the beneficiary. The shares are held by the 2020 Fintail Irrevocable Non-Exempt Trust f/b/o Child 1 dated 12/29/2020 for which the Reporting Person's child is the beneficiary. The shares are held by the 2020 Fintail Irrevocable Non-Exempt Trust f/b/o Child 2 dated 12/29/2020 for which the Reporting Person's child is the beneficiary. The shares are held by the 2020 Fintail Irrevocable Non-Exempt Trust f/b/o Child 3 dated 12/29/2020 for which the Reporting Person's child is the beneficiary. Irrevocable Trust f/b/o Child 1 created under the Michael P. Scarpelli 2019 Grantor Retained Annuity Trust dated 9/12/2019. Irrevocable Trust f/b/o Child 2 created under the Michael P. Scarpelli 2019 Grantor Retained Annuity Trust dated 9/12/2019. Irrevocable Trust f/b/o Child 3 created under the Michael P. Scarpelli 2019 Grantor Retained Annuity Trust dated 9/12/2019. The shares are held by the Scarpelli Family Trust for which the Reporting Person is a trustee.
