GARRETT MARK 4

What Happened

• Mark Garrett, a Snowflake (SNOW) director, exercised/conversion transactions and sold stock on 2026-05-29. He exercised or converted derivatives to acquire 100,000 shares at $3.74 each (cost $374,000) and reported a separate 100,000-share derivative disposition at $0 (see footnotes). He sold 100,000 shares in an open-market transaction at a weighted-average price of $250.00 for approximately $25,000,200. The filing lists related notes about vesting and trust holdings.

Key Details

• Transaction date: 2026-05-29 (filed with the SEC on 2026-06-01; filing appears timely)
• Purchases/Conversions: 100,000 shares acquired via exercise/conversion at $3.74 (total $374,000)
• Sales: 100,000 shares sold in open market at weighted-average $250.00 for ~$25,000,200 (price range $250.00–$250.17; reporting person can provide per-price breakdown per footnote)
• Additional derivative disposition: 100,000 shares reported as disposed with $0 price (footnote F1 indicates some shares relate to RSU vesting)
• Shares owned after transaction: Not stated in this filing
• Notable footnotes: F1 (includes shares from RSU vesting); F2 (weighted-average sale price and range); F3–F6 (some shares held in 2011 irrevocable trusts for the reporting person’s children); F7 (stock option fully vested)

Context

• The filing shows both an option/derivative exercise and an immediate sale of shares on the same date. For investors: purchases or exercises can indicate a direct cash investment in the company (here a $374k exercise), while sales (here ~$25M) are common for liquidity, tax, or portfolio reasons and do not by themselves prove a change in insider sentiment. Derivative entries at $0 typically reflect the vesting/conversion of restricted stock units rather than a cash purchase.