Snowflake (NYSE: SNOW) SVP has shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. SVP of Engineering Vivek Raghunathan reported routine tax-withholding transactions related to restricted stock unit vesting. On these events, a total of 1,844 shares of common stock were withheld at $238.26 per share to satisfy tax obligations rather than sold in the open market.
The Form 4 shows two tax-withholding dispositions of 543 and 1,301 shares. After these withholdings, the reported direct holdings in the respective entries were 271,479 and 272,022 shares of Snowflake common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Raghunathan Vivek
Role
SVP, Engineering
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,301 | $238.26 | $310K |
| Tax Withholding | Common Stock | 543 | $238.26 | $129K |
Holdings After Transaction:
Common Stock — 272,022 shares (Direct, null)
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.
Key Figures
Tax-withholding shares: 1,844 shares
First withholding lot: 543 shares at $238.26
Second withholding lot: 1,301 shares at $238.26
+3 more
6 metrics
Tax-withholding shares
1,844 shares
Total shares withheld for tax obligations on RSU vesting
First withholding lot
543 shares at $238.26
Common stock withheld to satisfy tax obligations
Second withholding lot
1,301 shares at $238.26
Additional common stock withheld for tax obligations
Holdings after first entry
271,479 shares
Direct common stock holdings reported following one withholding transaction
Holdings after second entry
272,022 shares
Direct common stock holdings reported following the other withholding transaction
Insider role
SVP, Engineering
Officer title of reporting person at Snowflake Inc.
Key Terms
restricted stock units, tax withholding obligations, Form 4, tax-withholding disposition, +1 more
5 terms
restricted stock units financial
"Represents shares withheld to 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.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units."
Form 4 regulatory
"The Form 4 shows two tax-withholding dispositions of 543 and 1,301 shares."
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition, coded as payment of exercise price or tax liability by delivering securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
SVP, Engineering other
"The reporting person is Snowflake Inc.'s SVP, Engineering."
FAQ
What insider transaction did Snowflake (SNOW) SVP Vivek Raghunathan report?
Snowflake SVP Vivek Raghunathan reported tax-withholding dispositions of common stock. A total of 1,844 shares were withheld to cover tax obligations triggered by restricted stock unit vesting, rather than being sold in open-market transactions.