Snowflake CEO has 4,427 shares withheld for tax

Snowflake’s CEO reported RSU-related tax share withholding and an indirect trust holding, with no open-market trades or 10b5-1 plan noted.

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) reported that Chief Executive Officer Sridhar Ramaswamy had 4,427 shares of common stock withheld on September 21, 2026 to satisfy tax withholding obligations upon the vesting of restricted stock units, at a reference value of $332.43 per share. These are tax-withholding transactions rather than open-market sales, and no Rule 10b5-1 trading plan is reported. Ramaswamy also reports 1,923 shares of common stock held indirectly through The Ramaswamy Trust, for which he serves as trustee.

Insider Trade Summary

Tax Withholding: 4,427 shares

Tax Withholding 3 txns

Insider Ramaswamy Sridhar

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	3,415	$332.43	$1.14M
Tax Withholding	Common Stock F1, F2	1,012	$332.43	$336K
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 459,440 shares (Direct); Common Stock — 1,923 shares (Indirect, Trust)

Footnotes (3)

1. F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
2. F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
3. F3. The shares are held by The Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee.

Key Figures

Shares withheld for tax liability: 4,427 shares Reference share value: $332.43 per share Indirect trust holdings: 1,923 shares +2 more

5 metrics

Shares withheld for tax liability 4,427 shares Common stock withheld on September 21, 2026 to satisfy tax withholding on RSU vesting

Reference share value $332.43 per share Value used for the September 21, 2026 tax-withholding entries

Indirect trust holdings 1,923 shares Common stock held indirectly by The Ramaswamy Trust dated 1/8/2001

Tax-withholding transactions count 2 transactions Two code F entries on September 21, 2026 for payment of tax liability

Exercise price or tax-liability shares 4,427 shares Total shares reported under code F for tax liability payment

Key Terms

restricted stock units, tax withholding obligations, indirect, Rule 10b5-1

4 terms

restricted stock units financial

"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

"shares withheld to satisfy tax withholding obligations on the vesting"

indirect financial

"The shares are held by The Ramaswamy Trust ... indirect ownership"

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported in connection with these transactions"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Snowflake (SNOW) CEO Sridhar Ramaswamy report in this Form 4?

He reported that 4,427 shares of Snowflake common stock were withheld on September 21, 2026 to cover tax withholding obligations upon the vesting of restricted stock units, plus an indirect holding of 1,923 shares in a trust.

How many Snowflake (SNOW) shares were used for tax withholding for the CEO?

A total of 4,427 shares of Snowflake common stock were withheld on September 21, 2026 as payment of tax liability related to the vesting of restricted stock units, at a reference value of $332.43 per share according to the Form 4 data.

Were the Snowflake (SNOW) CEO’s transactions open-market sales?

No. The Form 4 describes the transactions as payment of tax liability by delivering or withholding securities upon RSU vesting, meaning the 4,427 shares were withheld for taxes rather than sold in open-market transactions.

Is there a Rule 10b5-1 trading plan associated with this Snowflake (SNOW) Form 4?

No. The filing’s Rule 10b5-1 checkbox is marked so that no Rule 10b5-1 trading plan is reported in connection with these September 21, 2026 tax-withholding transactions.

What indirect Snowflake (SNOW) holdings does the CEO report?

The CEO reports 1,923 shares of Snowflake common stock held indirectly by The Ramaswamy Trust dated 1/8/2001, for which he is a trustee. A footnote adds that this holding includes shares to be issued upon vesting of one or more restricted stock units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 07:16 PM Accepted by SEC EDGAR 09/22/2026 - 07:16 PM Learn about SEC filing dates

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^*

Ramaswamy Sridhar

(Last) (First) (Middle)

C/O SNOWFLAKE INC.

135 CONSTITUTION DRIVE

(Street)

MENLO PARK CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	09/21/2026		F(1)		3,415	D	$332.43	460,452(2)	D
Common Stock	09/21/2026		F(1)		1,012	D	$332.43	459,440(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	09/22/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)