Snowflake CFO Sells $635K in Shares, Retains $60M+ Stock Position
Snowflake CFO Michael Scarpelli reported multiple transactions and holdings in a Form 4 filing dated June 28, 2025.
Rhea-AI Filing Summary
Snowflake CFO Michael Scarpelli reported multiple transactions and holdings in a Form 4 filing dated June 28, 2025. The key transactions include:
On June 16, 2025, Scarpelli disposed of 3,050 shares of Class A Common Stock at $208.18 per share through tax withholding on vested RSUs. Following these transactions, he directly owns 288,773 shares.
The filing also reveals substantial indirect holdings through various trusts:
- Three 2020 Fintail GST Exempt Trusts holding 17,617 shares each for his children
- Three Irrevocable Trusts from 2019 GRAT holding 176,829 shares each
- Scarpelli Family Trust holding 167,521 shares
Additionally, Scarpelli holds significant stock options: 1,319,299 shares at $8.88 (fully vested) and 69,569 shares at $207.56 (vesting monthly since March 2022).
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 3,050 shares
Exercise Price or Tax Liability
15 txns
Insider
Scarpelli Michael
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 1,581 | $208.18 | $329K |
| Exercise Price or Tax Liability | Class A Common Stock | 1,469 | $208.18 | $306K |
| 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 — 288,773 shares (Direct);
Stock Option (Right to Buy) — 1,388,868 contracts (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.
FAQ
What is the vesting schedule for SNOW CFO Scarpelli's $207.56 stock options?
The stock options with an exercise price of $207.56 vest in 48 equal monthly installments beginning on March 8, 2022, subject to Scarpelli's continuous service through each vesting date. These options expire on March 8, 2032.
AI-generated analysis. How Rhea-AI works. Not financial advice.
