Gannon Michael S 4

What Happened

• Michael S. Gannon, Snowflake’s Chief Revenue Officer, was recorded as acquiring two awards (code A) totaling 36,279 restricted stock units (32,851 RSUs and 3,428 RSUs) on 2026-02-24. The reported acquisition price is $0.00 (these are compensatory RSU awards rather than cash purchases).
• These awards represent previously granted RSUs that became earned after Snowflake determined it achieved pre-established FY2026 financial performance goals. They are subject to time-based vesting and continued service requirements.

Key Details

• Transaction date: 2026-02-24; Form filed: 2026-02-26 (timely filing).
• Awards: 32,851 RSUs (footnote F1) and 3,428 RSUs (footnote F3); total = 36,279 RSUs.
• Vesting (per footnotes):
  • For the 32,851 RSUs (F1): 25% vest on March 8, 2026, then 6.25% on each Quarterly Date (Mar 8, Jun 8, Sep 8, Dec 8), subject to continuous service.
  • For the 3,428 RSUs (F3): 25% vest on March 8, 2026, then 25% on each Quarterly Date thereafter (same Quarterly Dates), subject to continuous service.
• F2 notes these include shares to be issued in connection with vesting of one or more RSUs.
• Shares owned after the transaction were not disclosed on the Form 4.
• Transaction type: Award/Grant (code A) — not an open-market buy or sale.

Context

• RSUs are a form of compensation that convert into company shares upon vesting; they are commonly used to retain executives and align pay with performance. These awards reflect achievement of performance goals and scheduled vesting, not an immediate cash sale or purchase.