Snowflake (NYSE: SNOW) CEO has 5,710 shares withheld to cover RSU taxes
Rhea-AI Filing Summary
Snowflake Inc. Chief Executive Officer Sridhar Ramaswamy reported routine share movements tied to equity compensation. On June 15, 2026, a total of 5,710 shares of Snowflake common stock were withheld to cover tax obligations upon the vesting of restricted stock units, at a reference price of $232.78 per share. These tax-withholding dispositions are not open-market sales and reflect payment of exercise price or tax liability by delivering securities. Following these transactions, Ramaswamy directly held 478,519 shares of common stock, and an additional 1,923 shares were held indirectly by The Ramaswamy Trust dated January 8, 2001, for which he serves as trustee. Footnotes indicate that some reported holdings include shares to be issued in connection with the vesting of restricted stock units.
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Insider Trade Summary
Net Seller: 5,710 shares
Net Sell
3 txns
Insider
Ramaswamy Sridhar
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,975 | $232.78 | $925K |
| Exercise Price or Tax Liability | Common Stock | 1,735 | $232.78 | $404K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 478,519 shares (Direct);
Common Stock — 1,923 shares (Indirect, Trust)
Footnotes (3)
- F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. The shares are held by The Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee.
Key Figures
Tax-withholding shares: 5,710 shares
First tax-withholding lot: 1,735 shares at $232.78
Second tax-withholding lot: 3,975 shares at $232.78
+3 more
6 metrics
Tax-withholding shares
5,710 shares
Shares withheld to satisfy tax obligations on RSU vesting
First tax-withholding lot
1,735 shares at $232.78
F-code disposition of common stock
Second tax-withholding lot
3,975 shares at $232.78
F-code disposition of common stock
Direct holdings after transaction
480,254 shares
Common stock directly owned after June 15, 2026
Indirect trust holdings
1,923 shares
Held by The Ramaswamy Trust dated 1/8/2001
Reference share price
$232.78 per share
Price used for tax-withholding RSU dispositions
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, indirect ownership, +1 more
5 terms
restricted stock units financial
"Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units."
tax-withholding disposition financial
"transaction_action is listed as tax-withholding disposition for the F-code entries."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
indirect ownership financial
"The 1,923-share entry is reported with ownership_type indirect and nature_of_ownership Trust."
trust financial
"The shares are held by The Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee."
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
What insider transaction did Snowflake (SNOW) CEO Sridhar Ramaswamy report?
Snowflake CEO Sridhar Ramaswamy reported shares being withheld to satisfy tax obligations on vested restricted stock units. These Form 4 entries reflect tax-withholding dispositions, not open-market purchases or sales, and are part of routine equity compensation administration.
Were any of the Snowflake (SNOW) CEO’s transactions open-market sales or buys?
The filing does not show any open-market buys or sales. Instead, it reports F-code tax-withholding dispositions, where shares are delivered to satisfy tax or exercise obligations related to the vesting of restricted stock units.
Do the Snowflake (SNOW) CEO’s holdings include unissued restricted stock units?
Yes. A footnote states that reported holdings include shares to be issued upon vesting of one or more restricted stock units. This means some of the reported position reflects earned but not yet delivered RSU-based shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
