Gannon Michael S 4

What Happened

• Michael S. Gannon, Snowflake's Chief Revenue Officer, received a grant of 28,478 restricted stock units (RSUs) on March 20, 2026. The Form 4 reports the acquisition price as $0 since this is an equity award rather than a cash purchase.
• This is a compensation award (transaction code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-20; Report filed: 2026-03-24 (timely—filed within two business days).
• Reported price: $0.00 (award/grant).
• Shares owned after transaction: Not specified in the excerpt of the filing provided.
• Footnote F1: The RSUs vest quarterly over four years, with 6.25% vesting on June 15, 2026 and on each Quarterly Vest Date (Mar 15, Jun 15, Sep 15, Dec 15), subject to continuous service through each vesting date.
• Footnote F2: References 226 shares acquired under the Section 423 Employee Stock Purchase Plan on March 12, 2026 and indicates inclusion of shares to be issued upon RSU vesting.

Context

• RSU grants are a form of compensation and typically vest over time; they do not represent an outlay of cash by the insider at grant. Such awards are routine for executive pay and do not, by themselves, signal a buy or sell decision.
• Monitor future Form 4s for vesting, withholding (tax) actions, or subsequent open-market purchases/sales for clearer insider sentiment.