SNOW Form 4: Chief Accounting Officer’s 176-Share Tax Withholding
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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 176 | $208.18 | $37K |
Footnotes (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.