Form 4: Snowflake CEO's Stock Transactions and RSU Grant

Snowflake CEO Sridhar Ramaswamy reported recent stock transactions, including the acquisition of 55,189 restricted stock units and the disposition of shares for tax withholding.

Summary

• Snowflake Inc. CEO Sridhar Ramaswamy reported transactions involving the company's common stock on March 20, 2026.
• Ramaswamy disposed of 3,415 shares and 1,012 shares of common stock, totaling 4,427 shares, at a price of $175.4 per share to satisfy tax withholding obligations related to restricted stock unit vesting.
• Following these dispositions, Ramaswamy's direct beneficial ownership of common stock was 433,555 shares.
• Ramaswamy acquired 55,189 restricted stock units (RSUs) at a price of $0, increasing his direct beneficial ownership to 488,744 shares.
• These newly acquired RSUs will vest quarterly over four years, with 6.25% vesting on June 15, 2026, and on each subsequent Quarterly Vest Date (March 15, June 15, September 15, December 15), subject to continuous service.
• An additional 1,923 shares are indirectly held by The Ramaswamy Trust dated January 8, 2001, for which Ramaswamy is a trustee.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive due to the significant grant of restricted stock units to the CEO, which aligns management's long-term interests with shareholders, despite the routine tax-related share dispositions.

Positives

• The acquisition of 55,189 restricted stock units (RSUs) at a $0 price represents a significant equity grant to the CEO, aligning his interests with long-term shareholder value.

Negatives

• A total of 4,427 shares were disposed of to cover tax withholding obligations, which is a routine event but reduces the CEO's direct share count.

Future Outlook

The restricted stock units are structured to vest quarterly over four years, indicating a long-term incentive for the CEO's continuous service and alignment with future company performance.

Industry Context

StockSavvy.ai notes that insider transactions, such as RSU grants and tax-related dispositions, are common occurrences for executives in publicly traded technology companies like Snowflake. These grants are standard compensation practices designed to incentivize long-term performance and retention.

Related Party Transactions

• 1,923 shares of common stock are indirectly held by The Ramaswamy Trust dated January 8, 2001, for which Sridhar Ramaswamy is a trustee.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CEO's long-term incentives with shareholder value, potentially fostering sustained performance.
• Employees: The vesting schedule for RSUs is a common compensation structure that can influence retention and motivation for key executives.

Next Steps

• The restricted stock units will begin vesting on June 15, 2026, and continue quarterly over the next four years, subject to the CEO's continuous service.

Key Dates

Keywords

Snowflake, SNOW, Sridhar Ramaswamy, Form 4, Insider Trading, Restricted Stock Units, CEO, Stock Transactions, Equity Grant