No meaningful open-market selling pressure; the activity is consistent with routine equity vesting and tax settlement. Traders should not interpret this cluster as negative sentiment, especially given the minimal size of the actual sale relative to market cap.
Price Chart
Executive Summary
A recent insider trading cluster at Snowflake shows two senior executives surrendering shares to cover tax obligations following a vesting event, while a board member conducted a small open-market sale. The majority of the activity consists of non-cash tax withholding transactions, with only one actual open-market sale totaling $41,872.
Key Financial Metrics
Key Facts
- SVP Raghunathan Vivek surrendered 4,398 shares ($793,751) for tax withholding.
- CEO Ramaswamy Sridhar surrendered 11,928 shares ($2.15M) for tax withholding.
- Director Michael L. Speiser sold 238 shares in the open market for $41,872.
- Total open-market proceeds: $41,872 (0.00007% of $60B market cap).
- Two of three transactions were non-cash (F-code) tax-related share surrenders.
Financial Impact
$41,872 in net open-market selling; $2.95M in total share surrender for taxes
Risk Factors
- Perception risk: Large tax-related share surrenders may be misinterpreted as insider selling.
- Governance risk: Recurring large insider transactions around vesting dates could signal lack of long-term retention incentives.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (3 trades, 7d window) | cluster-SNOW-1773272484015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 15d ago | 144 | $331.02 $334.81 | ▼ −1.14% | ▲ +0.68% | $343.77 (−3.85%) |
Sep 11, 2026 21d ago | Insider Cluster | $328.99 $332.43 | ▲ +1.05% | ▲ +1.27% | $343.77 (+4.49%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $343.77 (+4.26%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $343.77 (+4.26%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $343.77 (+4.26%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▲ +1.43% | ▲ +0.22% | $343.77 (−1.95%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $343.77 (+1.95%) |
Sep 3, 2026 28d ago | Insider Cluster | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $343.77 (+1.95%) |
Sep 2, 2026 29d ago | 8-K | $356.47 $328.99 | ▼ −7.71% | ▼ −6.56% | $343.77 (−3.56%) |
Aug 28, 2026 4w ago | Insider Cluster | $331.43 $335.50 | ▲ +1.23% | ▲ +1.37% | $343.77 (+3.72%) |
US Market Status
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