Snowflake SVP has 1,844 shares withheld for taxes
Snowflake’s SVP of Engineering reported share withholdings to cover taxes on vested RSUs, not open-market sales.
Rhea-AI Filing Summary
Snowflake Inc. (SNOW) reported that Vivek Raghunathan, SVP, Engineering, had a total of 1,844 shares of common stock withheld on September 8, 2026 to satisfy tax withholding obligations upon the vesting of restricted stock units. The shares were treated as dispositions at a reference price of $337.18 per share. No Rule 10b5-1 trading plan is reported for these transactions.
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Insights
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Insider Trade Summary
Tax Withholding: 1,844 shares
Tax Withholding
2 txns
Insider
Raghunathan Vivek
Role
SVP, Engineering
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 1,301 | $337.18 | $439K |
| Tax Withholding | Common Stock F1, F2 | 543 | $337.18 | $183K |
Holdings After Transaction:
Common Stock — 253,242 shares (Direct)
Footnotes (2)
- F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
Key Figures
Shares withheld for taxes (total): 1,844 shares
Shares withheld in first transaction: 1,301 shares
Shares withheld in second transaction: 543 shares
+2 more
5 metrics
Shares withheld for taxes (total)
1,844 shares
Common stock withheld on September 8, 2026 to satisfy tax withholding obligations on RSU vesting
Shares withheld in first transaction
1,301 shares
Common stock disposed on September 8, 2026 as tax withholding
Shares withheld in second transaction
543 shares
Common stock disposed on September 8, 2026 as tax withholding
Reference price per share
$337.18 per share
Price used for both tax-withholding transactions on Snowflake common stock
Exercise-price-or-tax-liability transactions
2 transactions, 1,844 shares
Code F transactions reported as payments of tax liability by withholding securities
Key Terms
restricted stock units, tax withholding obligations, Rule 10b5-1, payment of tax liability by delivering or withholding securities
4 terms
restricted stock units financial
"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"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported"
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.
payment of tax liability by delivering or withholding securities financial
"transactions were payment of tax liability by delivering or withholding"
FAQ
What did Snowflake (SNOW) insider Vivek Raghunathan report in this Form 4?
He reported that 1,844 shares of Snowflake common stock were withheld on September 8, 2026 to satisfy tax withholding obligations arising from the vesting of restricted stock units, at a reference price of $337.18 per share.
Was a Rule 10b5-1 trading plan involved in this Snowflake (SNOW) Form 4?
No. The filing indicates no Rule 10b5-1 plan was affirmed for these transactions, and the footnotes do not reference any pre-arranged trading plan.
Do these Snowflake (SNOW) Form 4 entries include unvested RSUs?
Yes. A footnote explains the reporting includes shares to be issued in connection with the vesting of one or more restricted stock units, tying the withholding transactions directly to RSU vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.