Snowflake Insider Filing: Scarpelli Disposes 788 Shares; Large Options Disclosed
Rhea-AI Filing Summary
Michael Scarpelli, Chief Financial Officer of Snowflake Inc. (SNOW), reported a transaction on 09/08/2025. He disposed of 788 shares of Snowflake common stock at a reported price of $225.58 per share, with 280,565 shares reported as beneficially owned following the transaction. The filing also lists multiple blocks of shares held in various trusts and by his spouse, and voluntarily discloses outstanding stock options: a fully vested option for 1,319,299 shares at an $8.88 exercise price and an option for 69,569 shares at a $207.56 exercise price (vesting schedule noted). The Form 4 was signed by an attorney-in-fact on 09/10/2025.
Positive
- Disclosed role: Reporting person identified as Chief Financial Officer, providing clarity on insider position
- Transparency: Voluntary disclosure of outstanding stock options (1,319,299 and 69,569 share awards) improves visibility into potential dilution
- Estate planning clarity: Detailed listing of shares held in multiple trusts and spouse holdings aids investor understanding of indirect ownership
Negative
- Disposition reported: 788 shares were sold/withheld at $225.58, reducing direct holdings
- Potential dilution: Large exercisable option position of 1,319,299 shares exists at an $8.88 exercise price
Insights
TL;DR: Insider sale of 788 shares and disclosure of significant vested options; appears routine and nondirectional.
The filing documents a small open-market disposition of 788 shares at $225.58 and shows the reporting person holds or controls 280,565 shares post-transaction across direct and indirect holdings. Materially, the report highlights large outstanding stock options (1,319,299 shares exercisable at $8.88), which are disclosed voluntarily rather than as transactions. From a securities perspective this Form 4 provides transparency on executive equity exposure and option-sourced potential dilution, but the reported sale quantity is modest relative to total equity positions disclosed in the form.
TL;DR: As CFO, Scarpelli's filing is a standard Section 16 disclosure showing routine tax/holding arrangements and option holdings.
The Form 4 notes multiple trust arrangements and spouse-held shares, indicating typical estate and family planning structures. The 788-share disposition is annotated as shares withheld to satisfy tax withholding on RSU vesting, consistent with customary practice. The voluntary reporting of outstanding options and the identification of trust beneficiaries supports governance transparency. No departures, amendments, or unusual transaction codes are present that would suggest governance concerns based on this filing alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 788 | $225.58 | $178K |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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. The stock option is fully vested. The Reporting Person is not reporting any transactions relating to his stock options for the Issuer's Common Stock and is voluntarily reporting his outstanding stock options as of the date of this report. 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.
