Form 4: Snowflake CEO Sridhar Ramaswamy Reports Stock Transaction
SEC Form 4 Filing
CEO Sridhar Ramaswamy of Snowflake Inc. reports the disposal of 998 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 20, 2024, Sridhar Ramaswamy, the CEO of Snowflake Inc., disposed of 998 shares of Class A Common Stock to satisfy tax withholding obligations.
- The transaction was executed at a price of $114.02 per share.
- Following the transaction, Ramaswamy beneficially owns 268,748 shares of Snowflake Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider transaction, common for executives who receive stock-based compensation. It provides transparency into executive stock ownership and transactions, which is important for investor confidence.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's stock activity, but the amount is relatively small compared to the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of stock transaction (disposal of shares). |
| 09/24/2024 | Date of signature for the Form 4 filing. |
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