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Snowflake (SNOW) CEO Ramaswamy awarded 101,402 RSUs tied to FY 2026 goals

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(Neutral)
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Form Type
4

Rhea-AI Filing Summary

Snowflake Inc. Chief Executive Officer Sridhar Ramaswamy reported an equity award of 101,402 shares of common stock, acquired at a price of $0.00 per share as a grant or award. According to the footnotes, this represents previously granted restricted stock units that became issuable after Snowflake determined it had achieved pre-established financial performance goals for fiscal year 2026.

The restricted stock units will vest over four years, with 25% vesting on March 8, 2026 and 6.25% vesting on each Quarterly Date (March 8, June 8, September 8, and December 8) thereafter, subject to his continuous service. Following this acquisition, Ramaswamy directly owns 455,213 shares and indirectly holds 1,923 shares through The Ramaswamy Trust dated January 8, 2001, which includes shares to be issued upon future vesting of restricted stock units.

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Insider Ramaswamy Sridhar
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Common Stock 101,402 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 455,213 shares (Direct); Common Stock — 1,923 shares (Indirect, Trust)
Footnotes (1)
  1. Represents previously granted restricted stock units acquired following determination of the Issuer's achievement of pre-established financial performance goals for fiscal year 2026. The restricted stock units will vest over four years, with 25% vesting on March 8, 2026, and 6.25% vesting on each "Quarterly Date" thereafter, subject to the Reporting Person's continuous service through each such vesting date. Quarterly Dates are each of March 8, June 8, September 8, and December 8. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The shares are held by The Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee.
Form 4 Insider Transactions: What Each Field Means →
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*
Ramaswamy Sridhar
(Last) (First) (Middle)
C/O SNOWFLAKE INC.
135 CONSTITUTION DRIVE
(Street)
MENLO PARK CA 94025
(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
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
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 02/24/2026 A 101,402(1) A $0 455,213(2) D
Common Stock 1,923 I Trust(3)
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 previously granted restricted stock units acquired following determination of the Issuer's achievement of pre-established financial performance goals for fiscal year 2026. The restricted stock units will vest over four years, with 25% vesting on March 8, 2026, and 6.25% vesting on each "Quarterly Date" thereafter, subject to the Reporting Person's continuous service through each such vesting date. Quarterly Dates are each of March 8, June 8, September 8, and December 8.
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 Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee.
Remarks:
/s/ Marie Reider, Attorney-in-Fact 02/26/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Snowflake (SNOW) CEO Sridhar Ramaswamy report?

Snowflake CEO Sridhar Ramaswamy reported acquiring 101,402 shares of common stock via a grant or award at $0.00 per share. The award stems from previously granted restricted stock units tied to Snowflake’s fiscal year 2026 financial performance goals.

How are Sridhar Ramaswamy’s new Snowflake (SNOW) restricted stock units scheduled to vest?

The restricted stock units vest over four years, with 25% vesting on March 8, 2026. An additional 6.25% vests on each Quarterly Date—March 8, June 8, September 8, and December 8—thereafter, conditioned on Ramaswamy’s continuous service through each vesting date.

How many Snowflake (SNOW) shares does CEO Sridhar Ramaswamy own after this Form 4 filing?

After the reported grant, Sridhar Ramaswamy holds 455,213 shares of Snowflake common stock directly. He also has indirect ownership of 1,923 shares through The Ramaswamy Trust dated January 8, 2001, which includes shares issuable upon vesting of restricted stock units.

What performance condition triggered Sridhar Ramaswamy’s Snowflake (SNOW) RSU acquisition?

The acquisition reflects restricted stock units that became issuable after Snowflake determined it achieved pre-established financial performance goals for fiscal year 2026. Those performance goals applied to previously granted RSUs, which then converted into shares subject to the described vesting schedule.

What is The Ramaswamy Trust’s role in Snowflake (SNOW) share ownership?

The Ramaswamy Trust dated January 8, 2001 holds 1,923 Snowflake common shares indirectly for Sridhar Ramaswamy. He serves as a trustee of the trust, and the position includes shares that will be issued when one or more restricted stock units vest.