Form 4: Snowflake Director Kelly Kramer Granted 1,373 Restricted Stock Units

Snowflake Inc. Director Kelly A. Kramer was granted 1,373 shares of common stock in the form of restricted stock units, increasing her beneficial ownership to 8,801 shares.

Summary

• Kelly A. Kramer, a Director of Snowflake Inc. (SNOW), acquired 1,373 shares of common stock on July 2, 2025.
• The acquisition represents restricted stock units (RSUs) granted at a price of $0 per share.
• Following this transaction, Kelly A. Kramer's total beneficial ownership of Snowflake common stock increased to 8,801 shares.
• The RSUs are scheduled to vest in full on the earlier of the 2026 annual meeting of stockholders (or the day prior if service ends due to non-re-election/not standing for re-election) or the first anniversary of the grant date (July 2, 2025), subject to continued service.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is generally a positive event, as it aligns the director's financial interests with the long-term performance of the company and its shareholders. It signifies continued commitment and confidence.

Positives

• The grant of restricted stock units to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The increase in beneficial ownership by a director can be viewed as a sign of confidence in the company's future prospects.

Future Outlook

The vesting schedule for the restricted stock units indicates a future commitment of the director to continued service with the company through at least the first anniversary of the grant date or the 2026 annual meeting.

Industry Context

This transaction is a routine equity compensation event for a director, common across publicly traded companies, particularly in the technology sector, to attract and retain talent and align their interests with long-term shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of director compensation is a standard practice in the technology industry, aligning with compensation structures observed at comparable cloud and data analytics companies such as Datadog (DDOG), MongoDB (MDB), and Confluent (CFLT).
• The grant size of 1,373 shares is within the typical range for annual equity grants to non-employee directors at companies of Snowflake's market capitalization, reflecting a common approach to director remuneration that balances cash and equity components.

Related Party Transactions

• This transaction represents an equity grant from Snowflake Inc. to one of its directors, Kelly A. Kramer, which is a common form of related party transaction in corporate governance.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns their interests with shareholders, as the director's compensation value is tied to the company's stock performance, potentially encouraging decisions that enhance shareholder value.
• Employees: While not directly impacting employees, this type of compensation structure for leadership can set a precedent for equity-based incentives across the organization.

Next Steps

• The restricted stock units are expected to vest on the earlier of the 2026 annual meeting of stockholders or the first anniversary of the grant date (July 2, 2025), contingent on Kelly A. Kramer's continued service as a director.

Key Dates

Keywords

Snowflake, SNOW, Restricted Stock Units, RSU, Director Compensation, Insider Transaction, SEC Form 4, Equity Grant, Corporate Governance