Ramaswamy Sridhar 4

What Happened

• Sridhar Ramaswamy, CEO of Snowflake Inc. (SNOW), had a total of 13,256 shares disposed on 2026-03-09 as part of tax-withholding related to the vesting of restricted stock units (RSUs). The filing lists two withholding entries: 11,928 shares at $180.48 each ($2,152,765) and 1,328 shares at $180.48 each ($239,677), for a combined value of about $2,392,442.
• This was not an open-market sale for investment reasons but a routine net share settlement (shares withheld to satisfy tax obligations upon RSU vesting).

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (timely).
• Price per share reported: $180.48.
• Shares disposed: 11,928 and 1,328 (total 13,256); total value ≈ $2,392,442.
• Footnotes: F1 indicates shares were withheld to satisfy tax withholding on RSU vesting; F2 notes shares to be issued in connection with RSU vesting; F3 notes some shares are held by The Ramaswamy Trust dated 1/8/2001 (the reporting person is trustee).
• Shares owned after the transaction: not specified in the provided filing details.

Context

• This is a routine tax-withholding/net settlement of vested RSUs (transaction code F), which is administrative and common when equity awards vest. It differs from a deliberate open-market sale or a purchase and does not, by itself, indicate a change in the insider’s market view.