Summary by Moomoo AI
Snowflake Inc., a cloud-based data warehousing company, has filed a Registration Statement on Form S-8 with the U.S. Securities and Exchange Commission (SEC) on March 26, 2024. The filing is to register additional shares of its Class A common stock under two of its compensation plans. Specifically, 16,934,772 additional shares are being registered under the 2020 Equity Incentive Plan, and 3,341,609 additional shares under the 2020 Employee Stock Purchase Plan. These shares have become available due to automatic increases provided for in the plans and the expiration or forfeiture of previous stock awards. The company, incorporated in Delaware and with a principal executive office in Bozeman, Montana, has designated this location for the purpose of the registration statement. Snowflake Inc. is classified as a large accelerated filer under SEC rules and has incorporated by reference its Annual Report on Form 10-K for the fiscal year ended January 31, 2024, along with certain other filings.