Snowflake (NYSE: SNOW) SVP covers RSU taxes with shares

Rhea-AI Filing Summary

Snowflake Inc. senior vice president of engineering and support Vivek Raghunathan reported a routine tax-withholding transaction related to equity compensation. On the vesting of restricted stock units, 7,839 shares of common stock were withheld on March 16, 2026 to satisfy tax obligations, at a reference price of $178.66 per share. This was not an open-market sale but an automatic disposition to cover taxes. After this adjustment, Raghunathan directly holds 246,629 shares of Snowflake common stock.

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

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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^*

Raghunathan Vivek

(Last) (First) (Middle)

C/O SNOWFLAKE INC.

135 CONSTITUTION DRIVE

(Street)

MENLO PARK CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Snowflake Inc. [ SNOW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Engineering and Support

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/16/2026		F(1)		7,839	D	$178.66	246,629(2)	D

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 shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.

2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	03/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Snowflake (SNOW) disclose in Vivek Raghunathan’s latest Form 4?

Snowflake reported a tax-withholding share disposition for SVP Vivek Raghunathan. The filing shows shares were withheld to cover taxes on vested restricted stock units, reflecting a routine compensation-related adjustment rather than an open-market trade.

How many Snowflake (SNOW) shares were withheld for taxes in this Form 4?

7,839 shares of Snowflake common stock were withheld to satisfy tax obligations tied to the vesting of restricted stock units. The transaction used a reference price of $178.66 per share, according to the Form 4 disclosure and related footnote.

Does Vivek Raghunathan’s Snowflake Form 4 show an open-market sale of shares?

No, the Form 4 does not show an open-market sale. The 7,839 shares reported were withheld to cover tax liabilities on RSU vesting, a standard payroll-style disposition rather than a discretionary sale into the market.

How many Snowflake (SNOW) shares does Vivek Raghunathan hold after this transaction?

Following the tax-withholding transaction, Raghunathan directly holds 246,629 shares of Snowflake common stock. This post-transaction balance indicates he retains a substantial equity position after the automatic share withholding for RSU-related taxes.

What is the nature of the restricted stock units mentioned in Snowflake’s Form 4?

The restricted stock units represent equity awards that vest over time. When they vest, shares are issued and some are often withheld to pay taxes. The Form 4 notes that the reported shares relate to RSU vesting and associated tax withholding.

What does this Snowflake Form 4 mean for SNOW shareholders?

The filing reflects a routine compensation-related tax withholding event, not a strategic buy or sell decision. It shows how Snowflake handles taxes on executive RSU vesting while confirming the executive’s remaining 246,629-share direct ownership stake.