Raghunathan Vivek 4

What Happened

• Vivek Raghunathan, Senior Vice President, Engineering at Snowflake, reported dispositions tied to RSU vesting and an open-market sale. On June 15, 2026, a total of 8,914 shares were withheld to satisfy tax obligations at $232.78 per share (7,840 shares = $1,824,995 and 1,074 shares = $250,006). On June 16, 2026, he sold 3,876 shares in the open market at $240.00 per share for $930,240. Total shares disposed: 12,790 for aggregate proceeds of about $3,005,241. These were sales/dispositions (not purchases).

Key Details

• Transaction dates and prices:
  • 2026-06-15: 7,840 shares withheld at $232.78 (F) — $1,824,995
  • 2026-06-15: 1,074 shares withheld at $232.78 (F) — $250,006
  • 2026-06-16: 3,876 shares sold open market at $240.00 (S) — $930,240
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes:
  • F1: Shares withheld to satisfy tax withholding on RSU vesting.
  • F2: Includes shares to be issued in connection with RSU vesting.
  • F3: The June 16 sale was effected under a 10b5-1 trading plan adopted Dec 31, 2025.
• Filing timeliness: Form 4 filed June 17, 2026. This appears timely under standard Form 4 reporting rules (filed within two business days of the transactions).

Context

• The June 15 disposals reflect tax-withholding on vested restricted stock units (a routine administrative disposition) rather than a deliberate market-sale signal. The June 16 sale was executed under a pre-established 10b5-1 plan, which typically schedules trades in advance and reduces inferences about current insider sentiment. In general, purchases are more informative about insider confidence than routine tax withholdings or planned sales.