Snowflake (SNOW) SVP Vivek Raghunathan Sells Shares for Taxes

What Happened

• Vivek Raghunathan, Snowflake SVP, Engineering, had a total of 1,844 shares disposed on 2026-09-08 to satisfy tax withholding tied to the vesting of restricted stock units (RSUs). The filing shows two withholdings: 1,301 shares at $337.18 each ($438,671) and 543 shares at $337.18 each ($183,089), totaling $621,760. These disposals are tax-withholding transactions (Form 4 code F), not open-market sales for investment purposes.

Key Details

• Transaction date: 2026-09-08; Filing date: 2026-09-10 (filed on time).
• Price reported: $337.18 per share for both withholding events.
• Shares withheld/disposed: 1,301 and 543 (total 1,844).
• Total value of shares withheld: $621,760.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 = shares withheld to satisfy tax withholding on RSU vesting; F2 = includes shares to be issued in connection with vesting of one or more RSUs.
• Transaction code: F (tax withholding on vesting), not a purchase (P) or open-market sale (S).

Context

• This was a routine tax-withholding event tied to RSU vesting — the company retained/disposed of granted shares to cover required taxes. Such transactions are compensation-related and generally neutral in signaling insider confidence compared with outright purchases.