GARRETT MARK 4
4 · Snowflake Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Snowflake (SNOW) Director Mark Garrett Receives 1,273-Share Award
What Happened
Mark Garrett, a director of Snowflake Inc. (SNOW), was awarded 1,273 restricted stock units (RSUs) on June 29, 2026. The Form 4 records the acquisition as 1,273 shares at $0.00 (typical for RSU grants because no cash changed hands at grant). This is an award/grant transaction rather than a market purchase or sale.
Key Details
- Transaction date: 2026-06-29; filing date (Form 4): 2026-07-01.
- Transaction type: A (Award/Grant). Reported price: $0.00; reported acquisition value: $0.
- Vesting: The RSUs vest in full on the earlier of (i) the date of Snowflake's 2027 annual meeting (or immediately prior if director service ends) or (ii) the first anniversary of the grant date, subject to continued service (footnote F1).
- Shares to be issued on vesting are included per the filing (footnote F2).
- Additional footnotes indicate certain shares are held in irrevocable trusts for the Reporting Person's children (F3–F6).
- Shares owned after the transaction are not specified in the provided filing.
Context
RSU grants are a common form of director compensation and do not represent an immediate cash purchase or sale. The RSUs will convert to ordinary shares only upon vesting per the schedule above; until then they are conditional awards. This filing is informational and does not on its own indicate buying or selling sentiment.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-29+1,273→ 10,074 total
- 30,252(indirect: By Trust)
Common Stock
[F3] - 30,253(indirect: By Trust)
Common Stock
[F4] - 30,253(indirect: By Trust)
Common Stock
[F5] - 30,252(indirect: By Trust)
Common Stock
[F6]
Footnotes (6)
- [F1]The shares represent restricted stock units, which will vest in full on the earlier of (i) the date of the annual meeting of the Issuer's stockholders to be held in 2027 (or the date immediately prior to such meeting if the Reporting Person's service as a director ends at such meeting due to the Reporting Person's failure to be re-elected or the Reporting Person not standing for re-election), or (ii) the first anniversary of the date of grant; subject to the Reporting Person's continued service through such date.
- [F2]Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- [F3]The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Lee A. Garrett for which the Reporting Person's child is the beneficiary.
- [F4]The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith for which the Reporting Person's child is the beneficiary.
- [F5]The shares are held by the Mark Garrett 2011 Irrevocable Trust FBO Lee A. Garrett for which the Reporting Person's child is the beneficiary.
- [F6]The shares are held by the Mark Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith for which the Reporting Person's child is the beneficiary.