[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing overview: On 07/02/2025 Snowflake Inc. (SNOW) director Jayshree Ullal received 1,373 restricted stock units (RSUs) at a grant price of $0. After the transaction, Ullal’s direct beneficial ownership totals 8,801 SNOW common shares.

The RSUs vest in full on the earlier of Snowflake’s 2026 annual meeting or the first anniversary of the grant date, provided her board service continues. No derivative securities were reported, and there was no open-market purchase or sale. The grant represents routine board compensation and has an immaterial dilutive effect on Snowflake’s share count.

Positive

• Director equity alignment: The RSU grant increases insider ownership, modestly tightening board-shareholder alignment.

Negative

• Minor dilution: Issuance of new shares, though immaterial to overall share count, adds incremental dilution.

Insights

Corporate Governance Specialist

TL;DR: Routine director RSU grant; aligns interests, neutral impact.

This Form 4 discloses a standard equity grant to director Jayshree Ullal. The 1,373-share award is consistent with typical board compensation practices for mid-large cap tech firms and marginal relative to Snowflake’s ~328 million diluted shares. Because it is a time-based RSU, it strengthens director-shareholder alignment without creating immediate selling pressure. No red flags such as accelerated vesting, option repricing, or insider selling are present.

Portfolio Manager

TL;DR: Insignificant to valuation; monitor only for future insider trends.

The transaction adds less than 0.0005% to outstanding shares and does not alter Snowflake’s fundamentals. As a non-cash award, there is no liquidity signal. While insider accumulation can be modestly positive for sentiment, the size here is too small to influence position sizing. I would classify the event as neutral and continue to track subsequent insider activity for patterns.

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
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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^*

Ullal Jayshree

(Last) (First) (Middle)

C/O SNOWFLAKE INC.

106 EAST BABCOCK STREET, SUITE 3A

(Street)

BOZEMAN MT 59715

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025

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	07/02/2025		A		1,373(1)	A	$0	8,801(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. The shares represent restricted stock units, which will vest in full on the earlier of (i) the date of the annual meeting of the Issuer's stockholders to be held in 2026 (or the date immediately prior to such meeting if the Reporting Person's service as a director ends at such meeting due to the Reporting Person's failure to be re-elected or the Reporting Person not standing for re-election), or (ii) the first anniversary of the date of grant; subject to the Reporting Person's continued service through such date.

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	07/03/2025
	** 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.

FAQ

How many Snowflake (SNOW) shares did director Jayshree Ullal acquire?

1,373 restricted stock units were granted on 07/02/2025.

What is Ullal’s total Snowflake share ownership after the grant?

She now directly owns 8,801 common shares.

When will the newly granted RSUs vest?

They vest on the earlier of the 2026 annual meeting or 07/02/2026, contingent on continued board service.

Did the Form 4 report any insider selling or option exercises?

No. The filing shows only an acquisition of RSUs; no sales or option exercises were reported.

Is this filing likely to impact Snowflake’s stock price?

The transaction is routine and very small relative to Snowflake’s float, so minimal market impact is expected.