Ramaswamy Sridhar 4

What Happened
Sridhar Ramaswamy, CEO of Snowflake Inc. (SNOW), had 4,427 shares withheld on June 22, 2026 to satisfy tax withholding related to restricted stock unit (RSU) vesting. The withholding occurred in two entries: 3,415 shares at $232.29 each ($793,270) and 1,012 shares at $232.29 each ($235,077), for a combined value of roughly $1.03 million. This was a tax-withholding disposition (routine), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-06-22; Form 4 filed: 2026-06-24 (filed promptly within the usual two-business-day window).
• Prices reported: $232.29 per share for both withholdings.
• Shares withheld: 3,415 and 1,012 (total 4,427), total value ≈ $1,028,347.
• Footnotes: F1 = shares withheld to satisfy tax withholding on RSU vesting; F2 = includes shares to be issued in connection with RSU vesting; F3 = some shares are held by The Ramaswamy Trust (reporting person is trustee).
• Shares owned after the transaction are not specified in the provided filing excerpt.

Context
Withholding shares to cover taxes on RSU vesting is a common, administrative transaction and does not necessarily indicate any change in the insider’s view of the company. This was a disposition for tax purposes only (code F), not a market sale or new purchase.