Snowflake (NYSE: SNOW) CEO receives 55,189 RSUs and reports tax withholding

Rhea-AI Filing Summary

Snowflake Inc.'s Chief Executive Officer, Sridhar Ramaswamy, reported routine equity compensation and related tax withholding transactions in company common stock. On March 20, 2026, he received a grant of 55,189 restricted stock units, increasing his direct holdings to 488,744 shares of common stock.

On the same date, a total of 4,427 shares of common stock were withheld to satisfy tax obligations tied to vesting restricted stock units, at a reference price of $175.40 per share. In addition to his direct holdings, 1,923 shares are held indirectly through The Ramaswamy Trust dated January 8, 2001, for which he serves as trustee.

The newly granted restricted stock units will vest quarterly over four years, with 6.25% vesting on June 15, 2026 and on each quarterly vest date thereafter, assuming his continuous service. Vesting dates are March 15, June 15, September 15, and December 15.

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

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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 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)
03/20/2026

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	03/20/2026		F(1)		3,415	D	$175.4	434,567(2)	D
Common Stock	03/20/2026		F(1)		1,012	D	$175.4	433,555(2)	D
Common Stock	03/20/2026		A(3)		55,189	A	$0	488,744(2)	D
Common Stock								1,923	I	Trust(4)

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 represent restricted stock units, which will vest quarterly over four years with 6.25% vesting on June 15, 2026 and on each Quarterly Vest Date thereafter, subject to the Reporting Person's continuous service through each such vesting date. Quarterly Vest Dates are each of March 15, June 15, September 15, and December 15.

4. 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	03/24/2026
	** 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)

FAQ

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

Snowflake CEO Sridhar Ramaswamy reported a grant of 55,189 restricted stock units and tax-related share withholdings. These transactions are part of routine equity compensation, not open-market buying or selling, and adjust his reported ownership position in Snowflake common stock.

How many Snowflake (SNOW) shares did the CEO receive in this grant?

The CEO received 55,189 restricted stock units representing Snowflake common stock. These units increase his direct equity exposure and will convert into shares as they vest over time, assuming he remains in continuous service with the company through each vesting date.

Why were 4,427 Snowflake (SNOW) shares disposed of in this filing?

A total of 4,427 Snowflake shares were withheld to cover tax obligations related to vesting restricted stock units. These are coded as tax-withholding dispositions, not open-market sales, and are executed by delivering shares at a reference price of $175.40 per share.

What is the vesting schedule for the CEO’s new Snowflake (SNOW) RSU grant?

The new restricted stock units will vest quarterly over four years, with 6.25% vesting on June 15, 2026. Additional 6.25% tranches vest on each March 15, June 15, September 15, and December 15, contingent on his continuous service with Snowflake.

How many Snowflake (SNOW) shares does the CEO hold after these transactions?

After these transactions, the CEO holds 488,744 Snowflake common shares directly. In addition, 1,923 shares are held indirectly through The Ramaswamy Trust dated January 8, 2001, where he serves as trustee, reflecting both direct and trust-based ownership.

Are the reported Snowflake (SNOW) transactions open-market trades by the CEO?

The reported transactions are not open-market trades. They consist of a grant of 55,189 restricted stock units and 4,427 shares withheld to satisfy tax liabilities tied to vesting, which are standard compensation and withholding mechanisms rather than discretionary stock purchases or sales.