Snowflake CEO has 4,515 shares withheld for taxes
Snowflake CEO Sridhar Ramaswamy reported share withholding transactions to cover RSU tax obligations and an indirect trust holding position.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. (SNOW) reported that Chief Executive Officer Sridhar Ramaswamy had 4,515 shares of Common Stock withheld on September 8, 2026 to pay tax liabilities arising from the vesting of restricted stock units, at a reference price of $337.18 per share. No Rule 10b5-1 trading plan is reported. After these transactions, 1,923 shares are held indirectly through The Ramaswamy Trust, for which he serves as trustee.
Insider Trade Summary
Tax Withholding: 4,515 shares
Tax Withholding
2 txns
Insider
Ramaswamy Sridhar
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 3,187 | $337.18 | $1.07M |
| Tax Withholding | Common Stock F1, F2 | 1,328 | $337.18 | $448K |
| Holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 469,577 shares (Direct);
Common Stock — 1,923 shares (Indirect, Trust)
Holdings Before and After:
Common Stock, 474,092 to 469,577 shares (Direct)
Footnotes (3)
- F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. The shares are held by The Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee.
Key Figures
Shares withheld for tax (transaction 1): 3,187 shares
Shares withheld for tax (transaction 2): 1,328 shares
Total shares withheld for tax: 4,515 shares
+2 more
5 metrics
Shares withheld for tax (transaction 1)
3,187 shares
Common Stock withheld on September 8, 2026 to satisfy RSU tax obligations
Shares withheld for tax (transaction 2)
1,328 shares
Common Stock withheld on September 8, 2026 to satisfy RSU tax obligations
Total shares withheld for tax
4,515 shares
Aggregate Form 4 summary of code F transactions for tax liability
Reference price per share
$337.18 per share
Price used for both Common Stock tax-withholding entries on September 8, 2026
Indirect trust holdings after transaction
1,923 shares
Common Stock held indirectly through The Ramaswamy Trust
Key Terms
restricted stock units, Rule 10b5-1, tax withholding obligations, indirect ownership, +1 more
5 terms
restricted stock units financial
"satisfy tax withholding obligations on the vesting of restricted stock units"
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.
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations on the vesting"
indirect ownership financial
"The shares are held by The Ramaswamy Trust ... indicating indirect ownership"
Form 4 regulatory
"reported in this Form 4 by Chief Executive Officer Sridhar Ramaswamy"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Snowflake (SNOW) CEO Sridhar Ramaswamy report in this Form 4?
He reported that 4,515 Snowflake Common Stock shares were withheld on September 8, 2026 to satisfy tax liabilities from the vesting of restricted stock units, at a reference price of $337.18 per share.
Were the Snowflake (SNOW) CEO’s transactions part of a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan; the document-level checkbox for such a plan is not checked.
What indirect Snowflake (SNOW) holdings are reported for the CEO?
The filing reports 1,923 Common Stock shares held indirectly through The Ramaswamy Trust dated 1/8/2001, for which Sridhar Ramaswamy serves as trustee.
Do the Snowflake (SNOW) Form 4 transactions reflect open-market sales by the CEO?
No. The transactions are coded F and described as payment of tax liability by delivering or withholding securities tied to RSU vesting, not open-market sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
