Ramaswamy Sridhar 4

What Happened Ramaswamy Sridhar, CEO of Snowflake Inc. (SNOW), had 3,975 shares withheld to cover tax withholding obligations related to the vesting of restricted stock units (RSUs). The withholding is reported as a disposal: 3,975 shares at $178.66 per share, amounting to approximately $710,174. This was a tax-withholding event rather than an open-market sale or a discretionary cash sale.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (appears timely).
• Transaction type/code: F (shares withheld to satisfy tax withholding on RSU vesting).
• Shares involved: 3,975 withheld; price used for value: $178.66; total value ≈ $710,174.
• Shares owned after the transaction: not specified in the reported transaction.
• Relevant footnotes:
  • F1: Shares withheld to satisfy tax withholding on RSU vesting.
  • F2: Indicates inclusion of shares to be issued in connection with vesting of one or more RSUs.
  • F3: Some shares are held by The Ramaswamy Trust dated 1/8/2001, for which the reporting person is trustee.

Context Tax-withholding transactions on RSU vesting are routine and reflect the company's method of satisfying tax obligations by withholding a portion of vested shares (a cashless withholding), not a targeted investment decision or directional trade by the insider. Such disposals should be read as administrative actions rather than strong signals about the insider’s view of the stock.