Snowflake (SNOW) CRO Jonathan Mead Sells Shares

What Happened Jonathan Mead, Snowflake’s Chief Revenue Officer, disposed of a total of 20,169 shares across transactions tied to RSU vesting and an open-market sale. On 2026-09-15, 7,776 shares and 101 shares were withheld to satisfy tax withholding on vested restricted stock units at $332.35 each (7,877 shares; $2,584,354 and $33,567 respectively). On 2026-09-16, Mead sold 12,292 shares in the open market at a weighted-average price of $336.12 for proceeds of $4,131,636. Combined proceeds/withheld value across the reported transactions: $6,749,557. These actions are dispositions (sales/withholdings), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-09-15: 101 shares @ $332.35 = $33,567 (tax withholding)
  • 2026-09-15: 7,776 shares @ $332.35 = $2,584,354 (tax withholding)
  • 2026-09-16: 12,292 shares sold @ weighted avg $336.12 = $4,131,636 (open market). Footnote: sale prices ranged $335.888–$336.140.
• Total shares disposed: 20,169; total value ≈ $6,749,557.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes from the filing:
  • 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.
  • F3: Reported sale price is a weighted-average; details of per-trade prices available on request.
• Filing timeliness: Reported on 2026-09-16 for transactions through 2026-09-15/09-16 — filed promptly (not flagged late).

Context

• The 9/15 dispositions were tax withholding related to RSU vesting (a routine administrative step that does not represent an additional decision to sell). The 9/16 transaction was an open-market sale of vested shares.
• Insider sales are common following vesting events and do not, by themselves, prove a change in the insider’s view of the company. No 10% owner status or 10b5-1 plan is indicated in the provided excerpt.