Form 4: Snowflake Director Mark Garrett Reports Acquisition of Restricted Stock Units

Snowflake Inc. Director Mark Garrett reported the acquisition of 1,373 restricted stock units, increasing his direct beneficial ownership to 8,801 shares.

Summary

• Mark Garrett, a Director of Snowflake Inc. (SNOW), acquired 1,373 shares of common stock on July 2, 2025.
• The acquisition was at a price of $0 per share, indicating these are Restricted Stock Units (RSUs) granted as compensation.
• These 1,373 RSUs are scheduled to vest in full on the earlier of the 2026 annual meeting of Snowflake's stockholders or the first anniversary of the grant date, contingent upon Mr. Garrett's continued service as a director.
• Following this transaction, Mark Garrett directly beneficially owns 8,801 shares of common stock, which includes shares to be issued from the vesting of one or more restricted stock units.
• Mr. Garrett also indirectly beneficially owns additional shares through various trusts: 30,253 shares via the Amy Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith, 30,253 shares via the Mark Garrett 2011 Irrevocable Trust FBO Lee A. Garrett, 30,252 shares via the Mark Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith, and 30,252 shares via the Amy Garrett 2011 Irrevocable Trust FBO Lee A. Garrett.

Sentiment

Score: 7

Explanation: The acquisition of restricted stock units by a director is generally viewed positively as it aligns management's interests with shareholders and represents a form of compensation and retention.

Positives

• Director Mark Garrett acquired 1,373 restricted stock units, which aligns his interests with those of the company's shareholders.
• The acquisition of RSUs at a $0 price represents a grant, serving as a form of compensation and retention for the director, indicating continued commitment to the company.

Future Outlook

The 1,373 restricted stock units are set to vest in full on the earlier of the 2026 annual meeting of stockholders or the first anniversary of the grant date, subject to the Reporting Person's continued service through such date.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a grant of restricted stock units to a director. Such grants are common practice across industries for executive and director compensation, aiming to align their long-term interests with shareholder value.

Related Party Transactions

• Indirect beneficial ownership of shares is held through various irrevocable trusts established for the benefit of the Reporting Person's children.

Stakeholder Impact

• Shareholders: The grant of restricted stock units to a director enhances the alignment of management's interests with shareholder value, as the director's compensation becomes more tied to the company's stock performance.
• Employees: No direct impact on the broader employee base is indicated by this specific director RSU grant.

Next Steps

• Vesting of 1,373 restricted stock units on the earlier of the 2026 annual meeting or the first anniversary of the grant date, contingent on continued service.

Key Dates

Keywords

Snowflake, SNOW, Form 4, insider transaction, director, restricted stock units, RSU, beneficial ownership, stock acquisition