Snowflake (SNOW) SVP Vivek Raghunathan Sells Shares

What Happened Vivek Raghunathan, Snowflake’s Senior Vice President of Engineering, had three disposals around the September 15–16, 2026 vesting/sale events totaling 12,789 shares for roughly $4.20 million. On 2026-09-15 he had 7,839 shares (at $332.35 each, $2,605,292) and 1,074 shares (at $332.35 each, $356,944) withheld/surrendered to satisfy tax withholding related to RSU vesting. On 2026-09-16 he sold 3,876 shares in an open-market transaction at $318.51 each, netting $1,234,545. These actions were disposals (not purchases).

Key Details

• Transaction dates and prices:
  • 2026-09-15: 7,839 shares @ $332.35 — $2,605,292 (withheld/surrendered for taxes)
  • 2026-09-15: 1,074 shares @ $332.35 — $356,944 (withheld/surrendered for taxes / shares to be issued per filing)
  • 2026-09-16: 3,876 shares @ $318.51 — $1,234,545 (open-market sale)
• Total shares disposed: 12,789; total proceeds/consideration: ~$4,196,781.
• Shares owned after transaction: not specified in the provided filing extract (see full Form 4 for total holdings).
• 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 9/16 open-market sale was effected under a 10b5-1 trading plan adopted 12/31/2025.
• Filing timeliness: Form filed 2026-09-16 reporting events on 9/15–9/16; appears timely based on the filing date.

Context Two of the disposals were tax-withholding share retentions tied to the vesting of restricted stock units (a routine administrative step that does not necessarily signal a deliberate market-timing decision). The remaining sale was executed under a pre-established 10b5-1 plan, which typically means the trade was prearranged and not an ad hoc decision. For retail investors, purchases by insiders are generally stronger signals of conviction than routine sales or tax-withholding events; these transactions appear largely administrative plus a planned sale.