Snowflake (SNOW) awards 1,273 restricted stock units to director Ullal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ullal Jayshree reported acquisition or exercise transactions in this Form 4 filing.
Snowflake Inc. director Jayshree Ullal reported receiving a grant of 1,273 shares of Common Stock in the form of restricted stock units at no cost per share. These RSUs vest in full on the earlier of the 2027 annual stockholder meeting (or immediately prior in certain end-of-service cases) or the first anniversary of the grant date, subject to continued board service. Following this award, Ullal beneficially owns 10,074 shares of Snowflake common stock, including shares issuable upon vesting of restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ullal Jayshree
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,273 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,074 shares (Direct, null)
Footnotes (1)
- The shares represent restricted stock units, which will vest in full on the earlier of (i) the date of the annual meeting of the Issuer's stockholders to be held in 2027 (or the date immediately prior to such meeting if the Reporting Person's service as a director ends at such meeting due to the Reporting Person's failure to be re-elected or the Reporting Person not standing for re-election), or (ii) the first anniversary of the date of grant; subject to the Reporting Person's continued service through such date. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
Key Figures
RSU grant size: 1,273 shares
Award price: $0.00 per share
Post-award holdings: 10,074 shares
3 metrics
RSU grant size
1,273 shares
Restricted stock units of Common Stock granted to director
Award price
$0.00 per share
Compensation grant, not open-market purchase
Post-award holdings
10,074 shares
Total beneficial ownership after RSU grant, including RSUs
Key Terms
restricted stock units, annual meeting of the Issuer's stockholders, beneficially owns
3 terms
restricted stock units financial
"The shares represent restricted stock units, which will vest in full on the earlier of..."
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.
annual meeting of the Issuer's stockholders regulatory
"the date of the annual meeting of the Issuer's stockholders to be held in 2027..."
beneficially owns financial
"Includes shares to be issued in connection with the vesting of one or more restricted stock units."
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
What did Snowflake (SNOW) director Jayshree Ullal report in this Form 4 filing?
Jayshree Ullal reported receiving 1,273 restricted stock units of Snowflake common stock as a compensation grant. The units were awarded at no cost and increase her beneficial ownership to 10,074 shares, including shares that will be issued upon future vesting.
What are the vesting terms of Jayshree Ullal’s 1,273 Snowflake restricted stock units?
The 1,273 restricted stock units vest in full on the earlier of the 2027 annual meeting of Snowflake stockholders or the first anniversary of the grant date. Vesting is conditioned on Ullal’s continued service as a director through the applicable vesting date.
Is Jayshree Ullal’s Snowflake RSU grant an open-market purchase or compensation award?
The transaction is a compensation-related award, not an open-market purchase. The Form 4 uses transaction code “A” for a grant or award, and the reported price per share is zero, indicating the shares were granted as part of director compensation.
Does Jayshree Ullal’s reported ownership include unvested Snowflake restricted stock units?
Yes. A footnote explains that her reported beneficial ownership includes shares to be issued upon vesting of one or more restricted stock units. This means both vested shares and unvested RSUs that will convert into shares are reflected in the 10,074-share figure.