Form 4: Snowflake CEO Sridhar Ramaswamy Reports Stock Transaction
SEC Form 4 Filing
CEO Sridhar Ramaswamy of Snowflake Inc. reports a transaction involving the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On March 15, 2024, Sridhar Ramaswamy, the CEO of Snowflake Inc., reported a transaction.
- The transaction involved the withholding of 9,776 shares of Class A Common Stock at a price of $156.97.
- These shares were withheld to satisfy tax obligations related to the vesting of restricted stock units.
- Following the transaction, Ramaswamy beneficially owns 224,181 shares, which includes shares to be issued in connection with the vesting of one or more restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the stock transaction (withholding of shares). |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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