Form 4: Snowflake CEO Sridhar Ramaswamy Reports Stock Transaction
SEC Form 4 Filing
Snowflake CEO Sridhar Ramaswamy reports the disposal of 1,020 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On June 20, 2024, Sridhar Ramaswamy, the CEO of Snowflake Inc., disposed of 1,020 shares of Class A Common Stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $126.62.
- Following the transaction, Ramaswamy beneficially owns 278,144 shares of Class A Common Stock, which includes shares to be issued in connection with the vesting of restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral reporting of a routine stock transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of the stock transaction (disposal of shares). |
| 06/24/2024 | Date of signature for the Form 4 filing. |
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