Snowflake CEO Sridhar Ramaswamy Withholds Shares to Cover Taxes

What Happened

• Sridhar Ramaswamy, CEO of Snowflake (SNOW), had shares withheld to satisfy tax withholding on vested restricted stock units (RSUs). On June 15, 2026 a total of 5,710 shares were withheld (3,975 shares and 1,735 shares) at $232.78 per share, representing aggregate value of approximately $1,329,174. The filing lists these dispositions as "payment of exercise price or tax liability" (code F).

Key Details

• Transaction date: 2026-06-15; filing date: 2026-06-17 (file appears timely, two days after the transaction).
• Shares withheld: 3,975 shares @ $232.78 = $925,301; 1,735 shares @ $232.78 = $403,873; total withheld 5,710 shares, ~$1.33M.
• Transaction code: F — indicates shares were withheld to satisfy tax withholding obligations on RSU vesting (footnote F1).
• Footnotes: F2 notes that the transaction includes shares to be issued in connection with the vesting of one or more RSUs. F3 states some shares are held by The Ramaswamy Trust dated 1/8/2001, for which he is trustee.
• Shares owned after the transaction: not specified in the provided filing information.

Context

• This was not an open-market sale or a purchase; it is a routine tax-withholding event that reduces the net number of shares delivered on RSU vesting (a common employer practice, sometimes called a cashless or net share settlement). Such withholdings generally reflect tax obligations rather than a directional bet on the stock.