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Snowflake (SNOW) CEO Ramaswamy reports 4,427 shares withheld for RSU tax obligations

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Snowflake Inc. CEO Sridhar Ramaswamy reported routine share withholding for taxes tied to restricted stock unit vesting. On 2026-06-22, a total of 4,427 common shares were disposed of to satisfy tax obligations. Following these transactions, he holds 475,104 common shares directly and 1,923 shares indirectly through The Ramaswamy Trust.

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Insider Ramaswamy Sridhar
Role Chief Executive Officer
Type Security Shares Price Value
Tax Withholding Common Stock 3,415 $232.29 $793K
Tax Withholding Common Stock 1,012 $232.29 $235K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 475,104 shares (Direct, null); Common Stock — 1,923 shares (Indirect, Trust)
Footnotes (1)
  1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The shares are held by The Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee.
Tax-withheld shares (lot 1) 1,012 shares Common Stock, F code at $232.2900 on June 22, 2026
Tax-withheld shares (lot 2) 3,415 shares Common Stock, F code at $232.2900 on June 22, 2026
Total tax-withheld shares 4,427 shares Shares delivered to satisfy tax obligations on RSU vesting
Direct holdings after transactions 475,104 shares Common Stock directly owned after June 22, 2026 dispositions
Indirect holdings via trust 1,923 shares Common Stock held by The Ramaswamy Trust dated 1/8/2001
Tax-withholding price per share $232.2900/share Price used for F-code tax-withholding dispositions on June 22, 2026
restricted stock units financial
"Represents shares withheld to satisfy 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
"Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units."
indirect financial
"total_shares_following_transaction: "1923.0000" ... ownership_type: "indirect""
Trust financial
"The shares are held by The Ramaswamy Trust dated 1/8/2001, for which the Reporting Person is a trustee."
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" with transaction code "F""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/22/2026F(1)3,415D$232.29475,104(2)D
Common Stock06/22/2026F(1)1,012D$232.29474,092(2)D
Common Stock1,923ITrust(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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-Fact06/24/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Snowflake reported that CEO Sridhar Ramaswamy had shares withheld to cover tax obligations on vested restricted stock units. These were coded as tax-withholding dispositions, not open-market purchases or sales, and are part of routine equity compensation administration.

How many Snowflake shares were withheld for CEO tax obligations?

A total of 4,427 Snowflake common shares were withheld to satisfy tax obligations. This includes 1,012 shares and 3,415 shares, both on June 22, 2026, at a transaction price of $232.2900 per share, as reported in the filing.

How many Snowflake shares does the CEO hold after this Form 4?

After the reported transactions, CEO Sridhar Ramaswamy directly holds 475,104 Snowflake common shares. He also indirectly holds 1,923 shares through The Ramaswamy Trust dated January 8, 2001, where he serves as a trustee according to the disclosure.

Were the Snowflake CEO’s Form 4 transactions open-market trades?

The transactions were not open-market trades. They are coded as “F” transactions, meaning shares were delivered to pay tax liabilities tied to restricted stock unit vesting, a standard method for handling equity compensation taxes rather than discretionary market activity.

What is the role of The Ramaswamy Trust in Snowflake share ownership?

The Form 4 shows 1,923 Snowflake common shares held indirectly by The Ramaswamy Trust dated January 8, 2001. Sridhar Ramaswamy is a trustee of this trust, and the filing attributes those shares as indirect ownership related to his position.