Beaulier Jonathan Mead 4

What Happened
Jonathan Beaulier, Chief Revenue Officer of Snowflake (SNOW), sold 9,367 shares in an open-market transaction on June 22, 2026 at $231.98 per share for proceeds of $2,172,957. On the same day he had 710 shares (69 + 470 + 171) disposed to satisfy tax obligations at $232.29 per share, totaling $164,926. Combined, the transactions represent roughly $2.34 million in dispositions. This action was a sale/withholding (not a purchase) and is typically viewed as routine insider selling or tax-related withholding rather than a direct bullish signal.

Key Details

• Transaction date(s): June 22, 2026 (filed June 24, 2026). Filing appears timely (within standard Form 4 reporting window).
• Open-market sale: 9,367 shares @ $231.98 — $2,172,957 total.
• Tax/withholding disposals: 69 shares @ $232.29 ($16,028); 470 shares @ $232.29 ($109,176); 171 shares @ $232.29 ($39,722). Total withheld ≈ 710 shares / $164,926.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes: F1 indicates shares to be issued in connection with RSU vesting; F2 indicates shares were withheld to satisfy tax withholding on RSU vesting. The F-coded disposals reflect tax withholding, not new purchases.
• Transaction codes: S = sale (open market); F = payment of exercise price/tax liability (share withholding).

Context
The principal transaction was an open-market sale. The F-coded disposals are routine share-withholdings to cover taxes on vested restricted stock units (RSUs) and are common in executive compensation settlements. There is no indication here of option exercise followed by immediate sale (cashless exercise) beyond the tax-withholding mechanics noted in the footnotes. As always, sales by insiders can reflect many reasons (diversification, tax obligations, planned sales) and are not by themselves proof of company outlook.