Form 4: Snowflake CEO Sridhar Ramaswamy Reports Routine Stock Disposition for Tax Obligations

Snowflake Inc.'s CEO and Director, Sridhar Ramaswamy, reported the disposition of 8,714 shares of Class A Common Stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Sridhar Ramaswamy, the Chief Executive Officer and Director of Snowflake Inc. (SNOW), reported a transaction involving Class A Common Stock on June 16, 2025.
• The transaction involved the disposition of 4,723 shares and an additional 3,991 shares, totaling 8,714 shares of Class A Common Stock.
• These shares were withheld by Snowflake Inc. to satisfy tax withholding obligations that arose from the vesting of restricted stock units (RSUs).
• The shares were valued at a price of $208.18 per share for the purpose of this transaction.
• Following these reported transactions, Mr. Ramaswamy directly beneficially owns 381,785 shares and 377,794 shares of Class A Common Stock, for a total of 759,579 directly held shares.
• Additionally, Mr. Ramaswamy indirectly beneficially owns 1,923 shares of Class A Common Stock through The Ramaswamy Trust dated January 8, 2001, for which he serves as a trustee.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes related to equity compensation, which is a common occurrence for executives.

Positives

• The underlying event for the share disposition was the vesting of restricted stock units, which represents earned compensation for the CEO and indicates the successful achievement of performance or tenure milestones.

Negatives

• The reported disposition of shares was a non-discretionary event, specifically for covering tax liabilities associated with RSU vesting, and does not reflect a discretionary sale by the insider or a negative outlook on the company's future.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports a routine insider transaction related to equity compensation and does not provide broader industry context or trends.

Related Party Transactions

• Sridhar Ramaswamy indirectly owns 1,923 shares through The Ramaswamy Trust dated January 8, 2001, for which he is a trustee. This represents a routine related party ownership disclosure.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale for liquidity or a change in investment sentiment.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Snowflake Inc., SNOW, Sridhar Ramaswamy, CEO, Director, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, RSU Vesting, Tax Withholding, Equity Compensation