Snowflake Engineering Chief Offloads Shares in Tax-Related Transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snowflake (SNOW) SVP of Engineering and Support Vivek Raghunathan reported a Form 4 filing on June 24, 2025, disclosing a transaction from June 20, 2025. The insider disposed of 3,617 shares of Class A Common Stock at a price of $212.08 per share.
Key details of the transaction:
- The shares were withheld for tax withholding obligations related to the vesting of restricted stock units (RSUs)
- Following the transaction, Raghunathan beneficially owns 265,687 shares directly
- The total includes shares to be issued from pending RSU vestings
- The transaction was executed under transaction code "F" indicating a payment of exercise price or tax liability using securities
This routine transaction appears to be part of standard executive compensation arrangements and tax obligation management, rather than a discretionary sale by the insider.
Positive
- SVP of Engineering and Support Vivek Raghunathan maintains a significant position of 265,687 shares after the transaction, showing continued insider confidence in the company
Negative
- Insider disposition of 3,617 shares at $212.08 per share, though this was only to cover tax obligations from RSU vesting rather than a discretionary sale
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Raghunathan Vivek
Role
SVP, Engineering and Support
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 3,617 | $212.08 | $767K |
Holdings After Transaction:
Class A Common Stock — 265,687 shares (Direct)
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.
FAQ
What type of transaction did SNOW's SVP execute in the June 2025 Form 4?
The transaction was coded as 'F', which represents shares being withheld to satisfy tax withholding obligations on the vesting of restricted stock units. This was not a direct market sale by the executive.
What is Vivek Raghunathan's role at SNOW according to the Form 4?
According to the Form 4, Vivek Raghunathan serves as SVP, Engineering and Support at Snowflake Inc.