Frank Slootman (NYSE: SNOW) exercises 99,900 options and sells shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Frank Slootman exercised options and sold shares in a planned transaction. He exercised 99,900 shares of common stock at $8.88 per share and sold 99,900 shares in open-market trades around $250–$254 per share under a Rule 10b5-1 trading plan adopted on September 19, 2025. Following these trades, he holds 103,755 common shares directly, along with additional indirect holdings through several family trusts.
Positive
- None.
Negative
- None.
Insights
Slootman exercised 99,900 options and sold the resulting shares under a pre-set plan.
Frank Slootman exercised stock options for 99,900 Snowflake common shares at an exercise price of $8.88 per share and sold the same number of shares in multiple open-market transactions around $250–$254 per share.
The filing states these exercise-and-sell trades were executed under a Rule 10b5-1 trading plan adopted on September 19, 2025, indicating they were pre-arranged rather than opportunistic. After the sales, he holds 103,755 common shares directly, plus sizeable indirect positions via several family and grantor retained annuity trusts.
The option line shows 5,036,655 stock options remaining after this exercise, fully vested and expiring on May 28, 2029. This suggests the transaction is part of ongoing diversification and liquidity from a large equity-based position rather than a full-scale exit, though it is a notable sale relative to his direct share holdings.
Insider Trade Summary 10b5-1
Net Seller: 99,900 shares ($25,147,562)
Net Sell
11 txns
Insider
Slootman Frank
Role
Director
Sold
99,900 shs ($25.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 99,900 | $0.00 | -- |
| Exercise | Common Stock | 99,900 | $8.88 | $887K |
| Sale | Common Stock | 24,680 | $250.458 | $6.18M |
| Sale | Common Stock | 39,663 | $251.548 | $9.98M |
| Sale | Common Stock | 19,988 | $252.346 | $5.04M |
| Sale | Common Stock | 15,411 | $253.394 | $3.91M |
| Sale | Common Stock | 158 | $254.202 | $40K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 5,036,655 shares (Direct);
Common Stock — 128,435 shares (Direct);
Common Stock — 16,300 shares (Indirect, Trust)
Footnotes (1)
- The exercise and sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 19, 2025. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $250.000 to $250.990, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in these footnotes. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $251.000 to $251.995, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $252.000 to $252.980, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $253.010 to $253.970 inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $254.170 to $254.220, inclusive. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee. The shares are held by the F. Slootman 2024 Grantor Retained Annuity Trust dated 12/3/2024 for which the Reporting Person is the trustee. The shares are held by the B. Slootman 2024 Grantor Retained Annuity Trust dated 12/3/2024 for which the Reporting Person's spouse is the trustee. The stock option is fully vested.
Key Figures
Shares sold: 99,900 shares
Sale price range: $250.00–$254.22/share
Options exercised: 99,900 shares at $8.88/share
+5 more
8 metrics
Shares sold
99,900 shares
Open-market sales of common stock on June 29, 2026
Sale price range
$250.00–$254.22/share
Weighted-average prices across multiple transactions
Options exercised
99,900 shares at $8.88/share
Exercise of stock options into common stock
Direct common shares after transactions
103,755 shares
Direct Snowflake holdings following sales
Remaining stock options
5,036,655 options
Fully vested, expiring May 28, 2029
Grandchildren's trust holdings
56,331 shares
Slootman Grandchildren's Trust indirect ownership
Children's trust holdings
78,893 shares
Slootman 2023 Children's Trust indirect ownership
GRAT holdings
16,300 shares
2024 Grantor Retained Annuity Trust indirect ownership
Key Terms
Rule 10b5-1 trading plan, weighted-average price, restricted stock units, Grantor Retained Annuity Trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted-average price financial
"The price reported in Column 4 is a weighted-average price."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
restricted stock units financial
"Includes shares to be issued in connection with the vesting of one or more restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Grantor Retained Annuity Trust financial
"2024 Grantor Retained Annuity Trust dated 12/3/2024 for which the Reporting Person is the trustee."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) ... underlying security title Common Stock"
FAQ
What did Snowflake (SNOW) director Frank Slootman do in this Form 4 filing?
Frank Slootman exercised options for 99,900 Snowflake shares at $8.88 and sold 99,900 shares in open-market trades around $250–$254 per share. The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted in September 2025.
What stock options did Frank Slootman exercise in the latest Snowflake Form 4?
Slootman exercised 99,900 stock options to buy Snowflake common stock at an exercise price of $8.88 per share. After this exercise, the Form 4 shows he still holds 5,036,655 stock options, which are fully vested and set to expire on May 28, 2029.