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Snowflake CEO Retains 373K Shares After Routine RSU Tax Settlement

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Snowflake CEO Sridhar Ramaswamy reported multiple transactions in Class A Common Stock on June 20, 2025. The filing details two dispositions of shares:

  • First disposition of 3,429 shares at $212.08 per share
  • Second disposition of 1,016 shares at $212.08 per share
  • Both transactions were coded as "F", representing shares withheld for tax withholding obligations on vesting restricted stock units

Following these transactions, Ramaswamy directly owns 373,349 shares of Class A Common Stock, which includes shares to be issued from future RSU vestings. Additionally, he indirectly owns 1,923 shares through The Ramaswamy Trust dated 1/8/2001, where he serves as trustee. The transactions reflect standard tax withholding practices for executive equity compensation rather than open market sales.

Positive

  • CEO Sridhar Ramaswamy maintains significant skin in the game with 373,349 shares held directly plus 1,923 shares in trust, demonstrating alignment with shareholders
  • The share disposals were solely for tax withholding purposes related to RSU vesting, not discretionary sales

Negative

  • CEO disposed of a total of 4,445 shares at $212.08 per share, though this was for tax obligations rather than open market sales
  • The disposal represents a small reduction in the CEO's direct holdings from 374,365 to 373,349 shares
Insider Ramaswamy Sridhar
Role Chief Executive Officer
Type Security Shares Price Value
Tax Withholding Class A Common Stock 3,429 $212.08 $727K
Tax Withholding Class A Common Stock 1,016 $212.08 $215K
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 374,365 shares (Direct); Class A Common Stock — 1,923 shares (Indirect, Trust)
Footnotes (1)
  1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The shares are held by The Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee.
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Form 4 Insider Transactions: What Each Field Means →
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ramaswamy Sridhar
(Last) (First) (Middle)
C/O SNOWFLAKE INC.
106 EAST BABCOCK STREET, SUITE 3A
(Street)
BOZEMAN MT 59715
(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)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
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)
Code V Amount (A) or (D) Price
Class A Common Stock 06/20/2025 F(1) 3,429 D $212.08 374,365(2) D
Class A Common Stock 06/20/2025 F(1) 1,016 D $212.08 373,349(2) D
Class A Common Stock 1,923 I Trust(3)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
3. The shares are held by The Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee.
Remarks:
/s/ Marie Reider, Attorney-in-Fact 06/24/2025
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many SNOW shares did CEO Sridhar Ramaswamy sell on June 20, 2025?

CEO Sridhar Ramaswamy did not directly sell shares. Rather, 4,445 shares (3,429 + 1,016) were withheld by Snowflake for tax withholding purposes related to the vesting of restricted stock units at a price of $212.08 per share.

How many SNOW shares does CEO Ramaswamy own after the June 20, 2025 transaction?

After the transactions, CEO Ramaswamy directly owns 373,349 shares of Snowflake Class A Common Stock, plus an additional 1,923 shares held indirectly through The Ramaswamy Trust dated 1/8/2001, for a total beneficial ownership of 375,272 shares.

What was the price of SNOW shares in the June 20, 2025 transaction?

The shares were withheld at a price of $212.08 per share for tax withholding purposes related to RSU vesting.

What positions does Sridhar Ramaswamy hold at Snowflake (SNOW)?

According to the Form 4 filing, Sridhar Ramaswamy serves as both Director and Chief Executive Officer of Snowflake Inc.

Does SNOW CEO Ramaswamy have any indirect ownership of company shares?

Yes, Ramaswamy indirectly owns 1,923 shares of Snowflake Class A Common Stock through The Ramaswamy Trust dated 1/8/2001, where he serves as a trustee.