Snowflake (SNOW) CEO has 13,256 shares withheld to cover RSU taxes

Rhea-AI Filing Summary

Snowflake Inc. Chief Executive Officer Sridhar Ramaswamy reported routine share dispositions related to tax withholding on vested restricted stock units. On March 9, 2026, a total of 13,256 shares of common stock were withheld at $180.48 per share to satisfy tax obligations, rather than sold in the open market.

After these tax-withholding entries, Ramaswamy held 441,957 shares of Snowflake common stock directly. He also had an additional 1,923 shares held indirectly through The Ramaswamy Trust dated January 8, 2001, for which he serves as trustee.

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^*

Ramaswamy Sridhar

(Last) (First) (Middle)

C/O SNOWFLAKE INC.

135 CONSTITUTION DRIVE

(Street)

MENLO PARK CA 94025

(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)
03/09/2026

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	03/09/2026		F(1)		11,928	D	$180.48	443,285(2)	D
Common Stock	03/09/2026		F(1)		1,328	D	$180.48	441,957(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	03/11/2026
	** 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).
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FAQ

What insider transaction did Snowflake (SNOW) disclose for CEO Sridhar Ramaswamy?

Snowflake disclosed that CEO Sridhar Ramaswamy had 13,256 common shares withheld on March 9, 2026 to cover tax obligations on vested restricted stock units, rather than selling shares in the open market.

Were the recent Snowflake (SNOW) CEO share movements open-market sales?

No. The Form 4 shows tax-withholding dispositions, where 13,256 shares were withheld at $180.48 per share to satisfy tax liabilities on RSU vesting, not discretionary open-market sales by the CEO.

How many Snowflake (SNOW) shares does CEO Sridhar Ramaswamy hold after this Form 4?

Following the reported tax-withholding entries, Sridhar Ramaswamy holds 441,957 Snowflake common shares directly, plus 1,923 shares held indirectly through The Ramaswamy Trust, where he serves as trustee.

What was the price used for the Snowflake (SNOW) CEO tax-withholding shares?

The withheld Snowflake shares related to CEO Sridhar Ramaswamy’s RSU vesting were valued at $180.48 per share. This price was used to determine the number of shares needed to cover his tax obligations.

What do tax-withholding dispositions mean in the Snowflake (SNOW) Form 4?

Tax-withholding dispositions mean the company retained 13,256 shares from CEO Sridhar Ramaswamy’s vested RSUs to pay required taxes. This is a routine compensation mechanism and does not represent an open-market sale decision by the executive.

How are trust-held Snowflake (SNOW) shares reported for CEO Sridhar Ramaswamy?

The Form 4 notes 1,923 Snowflake shares held indirectly by The Ramaswamy Trust dated January 8, 2001. Sridhar Ramaswamy is a trustee of this trust, so those shares are reported as indirect beneficial holdings.