[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) – Form 4 insider filing

Director Mark Garrett reported the award of 1,373 restricted stock units (RSUs) on 07/02/2025. The RSUs carry a grant price of $0 and will vest in full on the earlier of the company’s 2026 annual shareholder meeting or the first anniversary of the grant date, contingent on continued board service.

Following the grant, Garrett now holds 8,801 common shares directly and 121,010 shares indirectly through four family trusts, bringing his aggregate beneficial ownership to 129,811 shares.

No derivative transactions, sales, or open-market purchases were reported. The filing reflects routine director compensation designed to align board incentives with shareholder interests; it does not signal a change in company fundamentals.

Positive

• Director’s direct ownership rises by 1,373 shares, marginally increasing insider alignment with shareholders.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant; aligns incentives, limited market impact.

The 1,373-share RSU award is standard non-cash compensation for Snowflake directors. Vesting terms mirror prior grants, reinforcing long-term alignment without immediate dilution because shares are already reserved. Garrett’s total holdings—roughly 130k shares—remain unchanged in economic substance, although direct ownership rises modestly. No red flags emerge on governance, control, or insider sentiment. Given Snowflake’s >320 million shares outstanding, the grant is immaterial at <0.01% of float.

Portfolio Manager

TL;DR: Insider ownership edges up; not a trading catalyst.

The filing adds 1,373 RSUs, roughly an 18% lift to Garrett’s direct stake. However, absence of open-market buying limits its signaling value. Total insider exposure stays effectively flat, and there is no sale pressure. From a portfolio perspective, the event is neutral: it neither alters liquidity dynamics nor earnings outlook. I view the news as non-impactful to valuation or positioning decisions.

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^*

GARRETT MARK

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025

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
Common Stock	07/02/2025		A		1,373(1)	A	$0	8,801(2)	D
Common Stock								30,253	I	Trust(3)
Common Stock								30,253	I	Trust(4)
Common Stock								30,252	I	Trust(5)
Common Stock								30,252	I	Trust(6)

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. 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 2026 (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.

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 Amy Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith for which the Reporting Person's child is the beneficiary.

4. The shares are held by the Mark Garrett 2011 Irrevocable Trust FBO Lee A. Garrett for which the Reporting Person's child is the beneficiary.

5. The shares are held by the Mark Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith for which the Reporting Person's child is the beneficiary.

6. The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Lee A. Garrett for which the Reporting Person's child is the beneficiary.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	07/03/2025
	** 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

How many Snowflake (SNOW) shares did Mark Garrett acquire?

He received 1,373 restricted stock units on 07/02/2025.

What is Mark Garrett’s total beneficial ownership after the transaction?

He now beneficially owns 129,811 SNOW shares (8,801 direct, 121,010 indirect).

When will the newly granted RSUs vest?

They vest on the earlier of the 2026 annual meeting date or one year from the 07/02/2025 grant, subject to continued board service.

Were any Snowflake shares sold in this Form 4 filing?

No; the filing only reports an RSU grant, with no dispositions or sales.

Does this Form 4 signal a major change in Snowflake’s fundamentals?

No. It reflects routine director compensation and is not expected to affect Snowflake’s operations or financial outlook.