---
schema_version: "secwatch.filing_event.v1"
accession: "0001640147-26-000043"
form_type: "8-K"
ticker: "SNOW"
cik: "0001640147"
company_name: "Snowflake Inc."
filed_at: "2026-10-02T20:06:31+00:00"
generated_at: "2026-10-12T14:36:06.034286+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Snowflake completes $3.75B convertible note offering; repurchases $548.3M of 2027 notes

## Summary
- $2.0B of 0.00% convertible senior notes due 2029 and $1.75B due 2031 issued; notes bear no regular interest and principal does not accrete.
- Net proceeds ~$3.70B; used $383.5M for capped call transactions and $548.3M to repurchase 2027 notes, remainder for general corporate purposes, buybacks or acquisitions.
- Initial conversion prices: ~$500.38/share for the 2029 notes and ~$483.98/share for the 2031 notes; capped call cap price $820.30, a 150% premium to the Sept. 28 close.
- Maturities Oct. 15, 2029 and Oct. 15, 2031; purchasers hold 13-day options for up to $300M more 2029 notes and $250M more 2031 notes.
- Up to 7,009,480 shares issuable upon conversion of the 2029 notes and 6,095,200 shares upon conversion of the 2031 notes.

## SEC filing metadata
- accession: 0001640147-26-000043
- form_type: 8-K
- ticker: SNOW
- cik: 0001640147
- company_name: Snowflake Inc.
- filed_at: 2026-10-02T20:06:31+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640147/000164014726000043/0001640147-26-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640147/000164014726000043/snow-20260928.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640147-26-000043
- JSON: https://secwatch.observer/filing/0001640147-26-000043.json
- Plain text: https://secwatch.observer/filing/0001640147-26-000043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.