Form 4: Snowflake CEO Sridhar Ramaswamy Reports Stock Transactions

CEO Sridhar Ramaswamy reports disposition of Snowflake shares to cover tax obligations and discloses beneficial ownership.

Summary

• Sridhar Ramaswamy, CEO of Snowflake Inc., filed a Form 4 with the SEC on March 24, 2025.
• The filing reports the disposition of Class A Common Stock to satisfy tax withholding obligations on vesting restricted stock units on March 20, 2025.
• 13,712 shares were disposed of at a price of $155.96.
• An additional 1,016 shares were disposed of at a price of $155.96.
• Following the transactions, Ramaswamy directly owns 387,841 shares of Class A Common Stock.
• Ramaswamy also indirectly owns 1,923 shares through The Ramaswamy Trust dated 1/8/2001, for which he is a trustee.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in insider ownership.

Key Dates

Keywords

Form 4, SEC, Snowflake, Ramaswamy, Stock, Beneficial Ownership, Insider Trading