Snowflake (SNOW) CEO Sridhar Ramaswamy Withholds Shares for Taxes

What Happened
On Sept. 15, 2026, Snowflake CEO Sridhar Ramaswamy had 5,710 restricted stock unit (RSU) shares withheld to satisfy tax withholding upon vesting. The filing shows 3,975 shares withheld (value $1,321,091) and 1,735 shares withheld (value $576,627) at $332.35 per share, for a combined value of $1,897,718. These are reported as "F" transactions (payment of tax liability via share withholding), not open-market sales.

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-16 (timely).
• Price per share: $332.35.
• Shares withheld: 3,975 and 1,735 (total 5,710). Total value ≈ $1,897,718.
• Transaction code: F (shares withheld to satisfy tax withholding on RSU vesting). See footnotes: F1 = tax withholding on RSU vesting; F2 = includes shares to be issued in connection with RSU vesting; F3 = some shares held by The Ramaswamy Trust (reporting person is trustee).
• Shares owned after transaction: not specified in the provided filing.

Context
Share withholding to cover taxes is a routine, administrative step when RSUs vest and is not the same as an open-market sale that might signal a view on the stock. This was a cashless/withholding settlement of vested RSUs rather than a purchase or discretionary sale.