[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Sridhar Ramaswamy, Snowflake Inc. CEO and director, reported a routine disposition of common stock tied to restricted stock unit vesting. The filing shows 3,990 shares were disposed at a price of $221.15 per share to satisfy tax withholding on vested restricted stock units. After the transaction, the reporting person beneficially owns 368,025 shares directly and 1,923 shares indirectly through The Ramaswamy Trust dated 1/8/2001, for which he is a trustee. The filing clarifies the withheld shares relate to RSU vesting and notes trust ownership for a small indirect stake.

Positive

• Continued substantial direct ownership: Reporting person retains 368,025 shares directly, maintaining alignment with shareholders.
• Transaction tied to RSU vesting: Disposition of 3,990 shares is for tax withholding on restricted stock units, indicating compensation-related processing rather than discretionary sale.

Negative

• Shares disposed: 3,990 shares were relinquished to satisfy tax obligations, reducing direct holdings by that amount.

Insights

Corporate Governance Expert

TL;DR: Routine tax-withholding disposition on RSU vesting; continued substantial direct ownership.

The reported disposition of 3,990 shares to satisfy tax withholding is a common, administrative insider transaction tied to equity compensation rather than an open-market sale for liquidity. Continued direct ownership of 368,025 shares keeps executive alignment with shareholders. The small indirect holding via a family trust is disclosed appropriately. This filing does not indicate change in governance or control.

Securities Analyst

TL;DR: Minor share disposition for taxes; ownership levels remain material for alignment but not a governance shift.

The 3,990-share disposition at $221.15 per share is explicitly for tax withholding on vested RSUs, per the explanatory note. Post-transaction direct beneficial ownership of 368,025 shares provides continued executive exposure to company equity performance. No derivative transactions or additional disposals are reported. Impact on share supply or near-term market signaling is likely negligible given the small size of the transaction relative to outstanding shares.

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^*

Ramaswamy Sridhar

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		F(1)		3,990	D	$221.15	368,025(2)	D
Common Stock								1,923	I	Trust(3)

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.

3. The shares are held by The Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	09/17/2025
	** 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

What did Snowflake (SNOW) insider Sridhar Ramaswamy report?

The filing reports a disposition of 3,990 common shares at $221.15 per share to satisfy tax withholding on vested restricted stock units.

How many Snowflake shares does the reporting person own after the transaction?

After the reported transaction the reporting person beneficially owns 368,025 shares directly and 1,923 shares indirectly through The Ramaswamy Trust.

Why were shares disposed according to the Form 4?

The Form 4 explains the shares were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units.

Is the indirect ownership substantial and how is it held?

Indirect ownership consists of 1,923 shares held by The Ramaswamy Trust dated 1/8/2001, for which the reporting person is a trustee.

Were any derivative securities reported in this filing?

No derivative securities (options, warrants, or similar) are reported in Table II of this Form 4.