Ramaswamy Sridhar 4

What Happened

• Sridhar Ramaswamy, CEO of Snowflake Inc. (SNOW), was awarded 101,402 restricted stock units (reported as 101,402 shares at $0.00) on 2026-02-24. The filing shows an acquisition code "A" (award/grant); the reported dollar acquisition value is $0 because these are performance-based RSUs rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (filed within the normal two-business-day window).
• Reported price: $0.00 (RSU award); total reported acquisition value $0 in the filing.
• Vesting: RSUs represent previously granted units earned after the Issuer determined FY2026 financial performance goals were met. Vesting schedule per footnote: 25% vests on March 8, 2026, then 6.25% vests on each quarterly vesting date thereafter (Quarterly Dates = March 8, June 8, September 8, December 8), subject to continuous service through each vesting date.
• Shares to be issued on vesting: footnote indicates inclusion of shares to be issued upon RSU vesting.
• Trust holding: some shares are held by The Ramaswamy Trust dated 1/8/2001, for which the reporting person is trustee.
• Shares owned after transaction: not specified in the supplied summary of the filing.

Context

• This was an award of RSUs tied to company performance, not an open-market purchase or sale; such grants are common executive compensation and do not by themselves indicate immediate bullish or bearish insider trading activity.
• RSUs vest over time and typically convert to ordinary shares when they vest (subject to service conditions and any tax withholding).