Snowflake CEO Sridhar Ramaswamy Withholds 4,427 Shares for Taxes

What Happened

• Sridhar Ramaswamy, CEO of Snowflake Inc. (SNOW), had shares withheld to satisfy tax withholding obligations tied to restricted stock unit (RSU) vesting. On 2026-09-21 the company withheld 3,415 shares and 1,012 shares at $332.43 per share, representing $1,135,248 and $336,419 respectively — a combined 4,427 shares withheld worth approximately $1,471,667. These were tax-withholdings (dispositions by the insider) rather than open-market sales.

Key Details

• Transaction dates: 2026-09-21; Form 4 filed 2026-09-22 (timely filing).
• Price per share: $332.43 for both withholdings.
• Shares withheld: 3,415 ( $1,135,248 ) and 1,012 ( $336,419 ); total 4,427 shares (~$1.47M).
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes:
  • F1: Shares were withheld to satisfy tax withholding on RSU vesting.
  • F2: Includes shares to be issued in connection with the vesting of one or more RSUs.
  • F3: Some shares are held by The Ramaswamy Trust dated 1/8/2001, for which he is trustee.
• Transaction code: F (tax withholding), not an open-market sale (code S) or purchase.

Context

• Tax-withholding on RSUs is routine for executives and does not represent an open-market sell decision; shares are typically retained by the company to cover required taxes. Such transactions are administrative and should not be read as a directional bet by the insider.