Summary by Moomoo AI
On September 30, 2024, BlackRock, Inc., a Delaware-based investment management corporation, filed a Schedule 13G with the Securities and Exchange Commission (SEC), indicating a significant ownership stake in Snowflake Inc. Class A common stock. The filing revealed that BlackRock now beneficially owns 16,595,025 shares, representing 5.0% of the class. This disclosure, mandated under the Securities Exchange Act of 1934, is required when a party's ownership exceeds certain thresholds. The filing specifies that BlackRock has sole dispositive power over all the shares it owns, with no shared voting or dispositive power reported. The address of Snowflake's principal executive offices is listed as 106 East Babcock Street, Suite 3A, Bozeman, MT 59715. The filing also includes a list of subsidiaries under BlackRock, Inc. and a power of attorney granting authority to certain individuals to execute documents necessary for compliance with regulatory requirements.
