Snowflake (SNOW) SVP Raghunathan Vivek Withholds 3,603 Shares for Taxes

What Happened

• Raghunathan Vivek, Senior Vice President, Engineering at Snowflake, had 3,603 shares withheld on 2026-09-21 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The withholding was recorded at $332.43 per share, for a notional value of $1,197,745.
• This was a tax-withholding disposition (code F), not an open-market sale or purchase—a routine administrative action when RSUs vest.

Key Details

• Transaction date and price: 2026-09-21 at $332.43 per share.
• Shares withheld/Disposed: 3,603 shares; not a market sale but used to satisfy tax liabilities.
• Total notional value: $1,197,745.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 notes shares were withheld to satisfy tax withholding on RSU vesting; F2 indicates the transaction includes shares to be issued in connection with vesting of one or more RSUs.
• Filing timeliness: Report filed 2026-09-22 for a 2026-09-21 transaction — appears timely (not marked late).

Context

• Withholding shares for taxes is common when RSUs vest and does not necessarily indicate a change in the insider’s view of the company; it is an administrative cashless withholding rather than a discretionary sale.
• For retail investors, purchases or open-market sales can be more informative about insider sentiment than routine tax-withholding events like this one.