---
schema_version: "secwatch.filing_event.v1"
accession: "0001640147-24-000033"
form_type: "8-K"
ticker: "SNOW"
cik: "0001640147"
company_name: "Snowflake Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:58:12.078069+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Snowflake CEO Frank Slootman retires; Sridhar Ramaswamy appointed successor

## Summary
- Frank Slootman retired as CEO effective Feb 27, 2024; remains Chairman of the board.
- Sridhar Ramaswamy, previously SVP of AI, appointed as new CEO and Class III director.
- Ramaswamy receives $75M stock option (5-year monthly vest, 1-year holding requirement after exercise).
- Performance-based restricted stock award valued at $20M; additional RSU valued at $5M contingent on personal stock purchase of $5M.
- Annual base salary $750,000 with target bonus of 100% of salary.

## SEC filing metadata
- accession: 0001640147-24-000033
- form_type: 8-K
- ticker: SNOW
- cik: 0001640147
- company_name: Snowflake Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640147/000164014724000033/0001640147-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640147/000164014724000033/snow-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640147-24-000033
- JSON: https://secwatch.observer/filing/0001640147-24-000033.json
- Plain text: https://secwatch.observer/filing/0001640147-24-000033.txt

## Key facts
- Executive change
  Sridhar Ramaswamy was appointed as Class III Director at Snowflake Inc..
  - Action: appointed
  - Role: Class III Director
  source text: and Mr. Ramaswamy will serve as a Class III member of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640147/000164014724000033/0001640147-24-000033-index.htm
- Executive change
  Sridhar Ramaswamy was appointed as Chief Executive Officer at Snowflake Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: and Sridhar Ramaswamy was appointed to succeed Mr. Slootman as the Company's new Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640147/000164014724000033/0001640147-24-000033-index.htm
- Executive change
  Frank Slootman retired as Chief Executive Officer at Snowflake Inc..
  - Action: retired
  - Role: Chief Executive Officer
  source text: Effective February 27, 2024, Frank Slootman retired as Chief Executive Officer of Snowflake Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640147/000164014724000033/0001640147-24-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.