[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) filed a Form 4 reporting a routine insider transaction by Chief Accounting Officer Emily Ho on 06/16/2025. The filing shows a Code F disposition of 176 Class A shares at $208.18 each, reflecting shares automatically withheld to cover tax obligations triggered by restricted stock unit (RSU) vesting. Following the withholding, Ho directly owns 37,587 Class A shares. No derivative securities transactions or open-market sales were reported, and no changes to option holdings were disclosed.

Positive

• None.

Negative

• Insider share disposition, albeit only 176 shares and for tax withholding, could be perceived mildly negative by some investors.

Insights

Financial Analyst

TL;DR: Minor tax-related share withholding; negligible impact on valuation.

This Form 4 indicates an administrative share disposition rather than an elective sale. Code F signifies automatic shares withheld to satisfy payroll taxes on vested RSUs. At 176 shares, the gross market value is roughly $36.6 k, immaterial relative to Ho’s remaining 37.6 k-share stake and Snowflake’s >$60 bn market cap. The filing neither signals insider sentiment nor alters float meaningfully, so I view the market impact as neutral.

Corporate Governance Expert

TL;DR: Routine compliance filing; corporate governance intact.

The transaction complies with Section 16(a) reporting and aligns with best practices: prompt filing (two business days), clear disclosure of tax-withholding rationale, and remaining ownership transparency. No 10b5-1 plan involvement or red flags appear. Overall, this is standard governance housekeeping with no material ramifications for investors.

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^*

Ho Emily

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

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	06/16/2025		F(1)		176	D	$208.18	37,587(2)	D

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.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	06/18/2025
	** 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.

FAQ

Why did Snowflake’s Chief Accounting Officer Emily Ho dispose of shares?

The 176 shares were withheld automatically on 06/16/2025 to cover taxes owed upon RSU vesting (Transaction Code F).

How many Snowflake (SNOW) shares does Emily Ho own after the transaction?

After the tax-related withholding, Ho directly owns 37,587 Class A shares.

Was this sale part of a 10b5-1 trading plan?

No. The filing does not indicate that the transaction was executed under a Rule 10b5-1(c) trading plan.

Does the Form 4 report any option exercises or derivative securities changes?

No derivative securities were reported; the filing only covers a small non-derivative share withholding.

Is the transaction significant to Snowflake’s share count?

No. 176 shares is immaterial relative to Snowflake’s total shares outstanding and should not affect the float or valuation.