Snowflake CFO Holds Over 280,000 Shares After RSU Tax Settlement
Rhea-AI Filing Summary
Snowflake CFO Michael Scarpelli reported a significant insider transaction on June 20, 2025, involving the disposition of 7,420 shares of Class A Common Stock at $212.08 per share. The shares were withheld for tax purposes related to vesting of restricted stock units.
Following the transaction, Scarpelli maintains substantial holdings including:
- 281,353 shares held directly
- 1,388,868 shares accessible through stock options (1,319,299 fully vested at $8.88 and 69,569 vesting monthly at $207.56)
- 873,488 shares held indirectly through various family trusts and spouse
The filing reveals a complex trust structure for wealth management, including multiple GST Exempt and Non-Exempt trusts benefiting Scarpelli's children, and significant holdings in the Scarpelli Family Trust. This transaction reflects standard executive compensation management rather than a strategic trading decision.
Positive
- CFO Michael Scarpelli maintains significant direct ownership of 281,353 shares of Class A Common Stock, demonstrating alignment with shareholder interests
- CFO holds valuable stock options including 1,319,299 shares at $8.88 strike price (fully vested) and 69,569 shares at $207.56 (vesting monthly), indicating long-term commitment
- Substantial indirect ownership through various family trusts totaling over 590,000 shares shows strong personal investment in company's success
Negative
- CFO disposed of 7,420 shares at $212.08 per share, though this was for tax withholding purposes rather than an open market sale
- Monthly vesting schedule of newer stock options at $207.56 could lead to regular share sales for tax obligations
- Complex ownership structure through multiple trusts may reduce transparency for investors tracking insider holdings
Insider Trade Summary
Net Seller: 7,420 shares
Net Sell
14 txns
Insider
Scarpelli Michael
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 7,420 | $212.08 | $1.57M |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 281,353 shares (Direct);
Stock Option (Right to Buy) — 1,388,868 shares (Direct);
Class A Common Stock — 759,124 shares (Indirect, Trust);
Class A Common Stock — 34,364 shares (Indirect, Spouse)
Footnotes (15)
- F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. 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.
- F4. 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 Persons' child is the beneficiary.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. Irrevocable Trust f/b/o Child 1 created under the Michael P. Scarpelli 2019 Grantor Retained Annuity Trust dated 9/12/2019.
- F10. Irrevocable Trust f/b/o Child 2 created under the Michael P. Scarpelli 2019 Grantor Retained Annuity Trust dated 9/12/2019.
- F11. Irrevocable Trust f/b/o Child 3 created under the Michael P. Scarpelli 2019 Grantor Retained Annuity Trust dated 9/12/2019.
- F12. The shares are held by the Scarpelli Family Trust for which the Reporting Person is a trustee.
- F13. The stock option is fully vested.
- F14. The Reporting Person is not reporting any transactions relating to his stock options for the Issuer's Class A Common Stock and is voluntarily reporting his outstanding stock options as of the date of this report.
- F15. The shares subject to the option vest in 48 equal monthly installments beginning on March 8, 2022, subject to the Reporting Person's continuous service through each such vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is Michael Scarpelli's total direct ownership of SNOW stock after the June 2025 transaction?
Following the transaction, Michael Scarpelli directly owns 281,353 shares of Snowflake Class A Common Stock. He also holds stock options for 1,319,299 shares at $8.88 per share and 69,569 shares at $207.56 per share.
What stock options does SNOW's CFO currently hold?
Michael Scarpelli holds two sets of stock options: 1) A fully vested option for 1,319,299 shares at $8.88 per share expiring August 26, 2029, and 2) An option for 69,569 shares at $207.56 per share expiring March 8, 2032, which vests in 48 monthly installments starting March 8, 2022.