Gannon Michael S 4

What Happened Michael S. Gannon, Chief Revenue Officer of Snowflake (SNOW), had a total of 12,760 shares withheld to satisfy tax withholding on the vesting of restricted stock units (RSUs). The transactions occurred on 2026-03-09 at a price of $180.48 per share, comprising three withholdings: 3,032 shares ($547,215), 401 shares ($72,372), and 9,327 shares ($1,683,337), for a combined value of $2,302,924. This is a routine tax-withholding event (disposition code F), not an open-market sale or new purchase.

Key Details

• Transaction date: March 9, 2026; Filing date: March 11, 2026.
• Price used for withholding: $180.48 per share for all tranches.
• Shares withheld: 3,032; 401; 9,327 — total 12,760 shares.
• Dollar amounts: $547,215; $72,372; $1,683,337 — total ~$2,302,924.
• Footnotes: F1 = shares withheld to satisfy tax withholding on RSU vesting; F2 = includes shares to be issued in connection with RSU vesting.
• Shares owned after the transaction: not specified in the provided filing summary.
• Filing timeliness: reported March 11 for March 9 transactions (no late-filing flag provided).

Context This was a tax-withholding event on RSU vesting (code F), meaning the company withheld a portion of vested shares to cover required taxes—commonly referred to as a "sell-to-cover" or share withholding. Such transactions are routine and reflect tax obligations rather than a discretionary decision to sell shares; they should not be interpreted as a direct bullish or bearish signal on the stock.