Ramaswamy Sridhar 4

What Happened

• Sridhar Ramaswamy, CEO of Snowflake (SNOW), was granted 55,189 restricted stock units (RSUs) on 2026-03-20 (reported 2026-03-24). The grant is reported as an award/acquisition (code A) at $0.00.
• On the same date he had 4,427 shares withheld (reported as dispositions under code F) to satisfy tax withholding obligations related to RSU vesting: 3,415 shares withheld at $175.40 for $598,991 and 1,012 shares withheld at $175.40 for $177,505 (total withheld ≈ $776,496). These withholdings are routine tax-related disposals, not open-market sales.

Key Details

• Transaction dates: 2026-03-20; Form 4 filed 2026-03-24 (filed within the usual 2-business-day window).
• Withheld shares: 3,415 @ $175.40 = $598,991; 1,012 @ $175.40 = $177,505 (total ≈ $776,496).
• Award: 55,189 RSUs granted at $0.00 (reported acquisition).
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes:
  • F1: Shares withheld to satisfy tax withholding on vesting of RSUs.
  • F2: Includes shares to be issued in connection with RSU vesting.
  • F3: RSUs vest quarterly over four years — 6.25% vest on June 15, 2026 and on each Quarterly Vest Date (March 15, June 15, Sept 15, Dec 15) thereafter, subject to continued service.
  • F4: Some shares are held by The Ramaswamy Trust dated 1/8/2001, of which the Reporting Person is trustee.
• Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (share withholding).

Context

• This filing reflects a standard equity award plus tax-withholding related to RSU vesting. The withheld shares are a routine mechanism to cover taxes and should not be read as a voluntary open-market sale.
• The RSU grant will vest over time (quarterly), so future filings will show additional vesting events and any related withholding or disposals.