[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) – Form 4 insider filing dated 07/03/2025

Director Kelly A. Kramer reported the award of 1,373 restricted stock units (RSUs) on 07/02/2025. The grant carries no cash consideration (reported price $0) and will vest in full on the earlier of (i) the 2026 annual shareholder meeting (or immediately prior if the director leaves the board at that meeting) or (ii) the first anniversary of the grant date, contingent on continued board service. After this transaction, Kramer’s direct beneficial ownership rises to 8,801 common shares, which includes shares that will be issued upon future RSU vesting. No derivative securities or sales were reported.

The filing reflects standard director compensation and does not indicate open-market buying or selling.

Insights

Securities Analyst

TL;DR: Routine RSU grant to SNOW director; negligible market impact.

The 1,373-share RSU award is part of Snowflake’s regular board compensation. At roughly US$180 per share (recent range), the grant’s face value is about US$0.25 million—immaterial versus Snowflake’s multi-billion-dollar capitalization. Ownership now totals 8,801 shares, aligning the director’s incentives with shareholders but not signaling incremental insider conviction through open-market purchases. I view the disclosure as neutral for valuation and liquidity.

Corporate Governance Expert

TL;DR: Filing confirms equity-based pay structure, supports alignment, impact minimal.

The vesting schedule—earliest of the 2026 AGM or one-year anniversary—encourages at least 12 months of continued board service. Such annual equity grants are commonplace among high-growth tech firms and help tie directors’ compensation to long-term performance. There are no red flags regarding timing, 10b5-1 usage, or excessive share issuance. From a governance standpoint the filing is routine and not impactful to external investors.

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
Estimated average burden
hours per response:			0.5

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^*

Kramer Kelly A.

(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 Kelly Kramer acquire?

The filing shows an award of 1,373 restricted stock units granted on 07/02/2025.

What is Kelly Kramer’s total share ownership after the transaction?

Following the RSU grant, Kramer beneficially owns 8,801 Snowflake common shares.

When will the newly granted RSUs vest?

They vest on the earlier of the 2026 annual shareholder meeting or the first anniversary of 07/02/2025, subject to continued board service.

Did the director buy shares on the open market?

No. The report discloses a stock-for-service RSU grant at $0 cost; there were no open-market purchases or sales.

Why is a Form 4 filing required in this case?

SEC rules mandate Form 4 within two business days whenever an insider acquires or disposes of the company’s equity, including equity awards.