SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Dageville Benoit

(Last)

(First)

(Middle)

C/O SNOWFLAKE INC.

450 CONCAR DRIVE

(Street)

SAN MATEO

94402

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Snowflake Inc. [ SNOW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President of Products

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/01/2021		C		6,238,500	A	⁽¹⁾	6,238,500	I	Trust⁽²⁾
Class A Common Stock	03/01/2021		C		350,000	A	⁽¹⁾	350,000	I	Trust⁽³⁾
Class A Common Stock	03/01/2021		C		50,000	A	⁽¹⁾	50,000	I	Trust⁽⁴⁾
Class A Common Stock	03/01/2021		C		50,000	A	⁽¹⁾	50,000	I	Trust⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽⁶⁾⁽⁷⁾	12/28/2020		G	V		11,500	⁽⁶⁾⁽⁷⁾	⁽⁶⁾⁽⁷⁾	Class A Common Stock	11,500	$0	6,238,500	I	Trust⁽²⁾
Class B Common Stock	⁽¹⁾	03/01/2021		C			6,238,500	⁽¹⁾	⁽¹⁾	Class A Common Stock	6,238,500	$0	0	I	Trust⁽²⁾
Class B Common Stock	⁽¹⁾	03/01/2021		C			350,000	⁽¹⁾	⁽¹⁾	Class A Common Stock	350,000	$0	0	I	Trust⁽³⁾
Class B Common Stock	⁽¹⁾	03/01/2021		C			50,000	⁽¹⁾	⁽¹⁾	Class A Common Stock	50,000	$0	0	I	Trust⁽⁴⁾
Class B Common Stock	⁽¹⁾	03/01/2021		C			50,000	⁽¹⁾	⁽¹⁾	Class A Common Stock	50,000	$0	0	I	Trust⁽⁵⁾
Stock Option (Right to Buy)	$0.26	03/01/2021		J⁽⁸⁾			300,000	⁽⁹⁾	01/13/2025	Class B Common Stock	300,000	$0	0	D
Stock Option (Right to Buy)	$0.26	03/01/2021		J⁽⁸⁾		300,000		⁽⁹⁾	01/13/2025	Class A Common Stock	300,000	$0	300,000	D
Stock Option (Right to Buy)	$0.74	03/01/2021		J⁽⁸⁾			320,000	⁽⁹⁾	01/29/2027	Class B Common Stock	320,000	$0	0	D
Stock Option (Right to Buy)	$0.74	03/01/2021		J⁽⁸⁾		320,000		⁽⁹⁾	01/29/2027	Class A Common Stock	320,000	$0	320,000	D
Stock Option (Right to Buy)	$0.74	03/01/2021		J⁽⁸⁾			640,000	⁽⁹⁾	02/07/2027	Class B Common Stock	640,000	$0	0	D
Stock Option (Right to Buy)	$0.74	03/01/2021		J⁽⁸⁾		640,000		⁽⁹⁾	02/07/2027	Class A Common Stock	640,000	$0	640,000	D
Stock Option (Right to Buy)	$13.48	03/01/2021		J⁽⁸⁾			400,000	⁽¹⁰⁾	12/10/2029	Class B Common Stock	400,000	$0	0	D
Stock Option (Right to Buy)	$13.48	03/01/2021		J⁽⁸⁾		400,000		⁽¹⁰⁾	12/10/2029	Class A Common Stock	400,000	$0	400,000	D

Explanation of Responses:

1. 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.

2. Shares held by The Snow Trust UTA dated 9/10/19 for which Reporting Person is a trustee.

3. Shares held by The Snow 2020 Grantor Retained Annuity Trust UTA dated March 24, 2020 for which Reporting Person is a trustee.

4. Shares held by The Cedric Dageville GST Exempt Trust created under the Snow 2020 Irrevocable Trust UTA dated March 24, 2020 for which Reporting Person is a trustee.

5. Shares held by The Marine Dageville GST Exempt Trust created under the Snow 2020 Irrevocable Trust UTA dated March 24, 2020 for which Reporting Person is a trustee.

6. At the time of this transaction, each share of Class B Common Stock was convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and had no expiration date. On any transfer of shares of Class B Common Stock, each such transferred share would have automatically converted into one share of Class A Common Stock, except for certain "Permitted Transfers" described in the Issuer's amended and restated certificate of incorporation.

7. At the time of this transaction, each share of Class B Common Stock held by the Reporting Person was automatically convertible into one share of Class A Common Stock, upon the following: (1) the sale or transfer of such share of Class B Common Stock; (2) nine months after the death of the Reporting Person; and (3) on the final conversion date, defined as the earlier of (a) the first trading day falling nine months after the date on which the outstanding shares of Class B Common Stock represent less than 10% of the then outstanding Class A and Class B Common Stock; (b) the seventh anniversary of the effectiveness of the registration statement in connection with the Issuer's IPO; or (c) the date specified by a vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class. Subsequent to this transaction, the shares of Class B Common Stock were automatically converted into Class A Common Stock as described in footnote 1.

8. 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.

9. The shares subject to the option are fully vested and immediately exercisable.

10. The shares subject to the option are immediately exercisable and vest in 48 equal monthly installments beginning on December 11, 2019, subject to Reporting Person's continuous service through each such vesting date.

Remarks:

	/s/ Travis Shrout, Attorney-in-Fact	03/03/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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