[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snowflake Inc. – Form 4 insider report

On 18-Jun-2025 Snowflake (SNOW) filed a Form 4 detailing transactions dated 16-Jun-2025 by Chief Executive Officer and Director Sridhar Ramaswamy. Two entries coded “F” (shares withheld for tax) show dispositions of 4,723 and 3,991 Class A common shares, respectively, at $208.18 per share to cover payroll-tax obligations triggered by restricted-stock-unit vesting. The aggregate 8,714 shares were not sold in the open market and generated no personal liquidity.

After these automatic withholdings the CEO still directly owns approximately 377,794–381,785 Class A shares and indirectly owns 1,923 shares via The Ramaswamy Trust. The filing is routine, does not involve a Rule 10b5-1 trading plan, and conveys no change in the executive’s investment outlook or Snowflake’s fundamentals.

Positive

• CEO retains roughly 378 k shares after tax withholding, preserving strong alignment with shareholder interests.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine tax-related share withholding; neutral for Snowflake’s valuation.

The “F” code confirms these shares were surrendered to satisfy payroll taxes on RSU vesting—an administrative event rather than discretionary selling. Although 8,714 shares were removed from beneficial ownership, the CEO retains roughly 378 k shares, a stake worth about $78 million at the reported price and still material to align interests with shareholders. Because the disposition is non-cash and does not alter insider sentiment or signal operational issues, I assess the market impact as neutral.

Corporate Governance Specialist

TL;DR: No governance red flags; significant ownership alignment remains intact.

The filing adheres to Section 16 prompt-reporting requirements and clearly discloses tax-withholding transactions. With direct and indirect holdings nearing 380 k shares, the CEO’s equity exposure remains substantial, which generally promotes long-term decision-making in shareholders’ favor. No new Rule 10b5-1 plan is cited, and there are no unexplained sales or derivative trades. Therefore, I classify the disclosure as routine and not impactful to governance risk assessments.

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.

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)
06/16/2025

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
Class A Common Stock	06/16/2025		F(1)		4,723	D	$208.18	381,785(2)	D
Class A Common Stock	06/16/2025		F(1)		3,991	D	$208.18	377,794(2)	D
Class A 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	06/18/2025
	** 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 CEO Sridhar Ramaswamy dispose of on 16-Jun-2025?

A total of 8,714 Class A shares were surrendered (4,723 + 3,991) to cover tax withholding.

What does the “F” transaction code mean in the SNOW Form 4?

Code “F” indicates shares withheld solely to satisfy tax obligations arising from equity-award vesting, not an open-market sale.

How many SNOW shares does the CEO still own after the reported transactions?

He directly holds approximately 377,794–381,785 shares and indirectly owns 1,923 shares through a trust.

Was the transaction part of a Rule 10b5-1 trading plan?

The filing does not indicate that the dispositions were executed under a Rule 10b5-1 plan.