Snowflake (SNOW) CEO Sridhar Ramaswamy Withholds 4,515 Shares for Taxes

What Happened

• Sridhar Ramaswamy, CEO of Snowflake (SNOW), surrendered a total of 4,515 shares to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The filing shows two withholding events on 2026-09-08: 3,187 shares and 1,328 shares, each at $337.18 per share, totaling approximately $1,522,368 withheld.

Key Details

• Transaction date: 2026-09-08; Filing date: 2026-09-10 (timely Form 4).
• Prices and amounts: 3,187 shares @ $337.18 = $1,074,593; 1,328 shares @ $337.18 = $447,775; combined = 4,515 shares ≈ $1,522,368.
• Transaction code: F — shares withheld to satisfy tax withholding on RSU vesting (cashless withholding, not an open-market sale).
• Shares owned after transaction: not provided in the supplied filing details.
• Footnotes: F1 confirms shares were withheld for tax withholding on RSU vesting; F2 notes includes shares to be issued upon vesting; F3 indicates some shares are held by The Ramaswamy Trust dated 1/8/2001, for which he is trustee.

Context

• This is a routine tax-withholding event related to RSU vesting, not a directional buy or sell signal in the open market. Withholding reduces the net shares received from the award rather than representing a market sale for cash proceeds.