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Snowflake (NYSE: SNOW) director moves stock from trusts to Slootman entities

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

A director of Snowflake Inc. reported several transfers of common stock dated 12/15/2025. The reporting person disposed of 90,616 directly held shares, 6,384 shares held through Invisible Hand Ventures, LLC, and 575,737 shares held in the Slootman Living Trust, all at a reported price of $0 per share.

According to the footnotes, these shares were transferred to the Slootman Family Foundation, a charitable foundation over which the reporting person has voting and investment power but no pecuniary interest. After the transactions, the reporting person beneficially owns 50,329 shares directly, including shares to be issued upon vesting of restricted stock units, and additional Snowflake shares through several Slootman family trusts.

Positive

  • None.

Negative

  • None.
Insider Slootman Frank
Role Director
Type Security Shares Price Value
Gift Common Stock 90,616 $0.00 --
Gift Common Stock 6,384 $0.00 --
Gift Common Stock 575,737 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 50,329 shares (Direct); Common Stock — 0 shares (Indirect, LLC)
Footnotes (1)
  1. The shares were transferred to the Slootman Family Foundation, a charitable foundation for which the Reporting Person is deemed to have voting and investment power over, but has no pecuniary interest in, the shares held by the foundation. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The shares are held by Invisible Hand Ventures, LLC, of which the Reporting Person is the manager and has sole voting and dispositive power. The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee. 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Slootman Frank
(Last) (First) (Middle)
C/O SNOWFLAKE INC.
106 EAST BABCOCK STREET, SUITE 3A
(Street)
BOZEMAN MT 59715
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Snowflake Inc. [ SNOW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/15/2025 G(1) 90,616 D $0 50,329(2) D
Common Stock 12/15/2025 G(1) 6,384 D $0 0 I LLC(3)
Common Stock 12/15/2025 G(1) 575,737 D $0 0 I Trust(4)
Common Stock 16,300 I Trust(5)
Common Stock 78,893 I Trust(6)
Common Stock 56,331 I Trust(7)
Common Stock 56,331 I Trust(8)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The shares were transferred to the Slootman Family Foundation, a charitable foundation for which the Reporting Person is deemed to have voting and investment power over, but has no pecuniary interest in, the shares held by the foundation.
2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
3. The shares are held by Invisible Hand Ventures, LLC, of which the Reporting Person is the manager and has sole voting and dispositive power.
4. The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
5. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
6. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.
7. 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.
8. 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.
Remarks:
/s/ Marie Reider, Attorney-in-Fact 12/17/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider share transfers did a Snowflake (SNOW) director report on 12/15/2025?

The director reported disposing of 90,616 directly held Snowflake common shares, 6,384 shares held via Invisible Hand Ventures, LLC, and 575,737 shares held in the Slootman Living Trust, all on 12/15/2025 at a reported price of $0 per share.

Where were the transferred Snowflake (SNOW) shares moved according to the Form 4?

Footnote 1 states that the transferred shares were moved to the Slootman Family Foundation, a charitable foundation over which the reporting person has voting and investment power but no pecuniary interest in the shares held by the foundation.

How many Snowflake shares does the reporting person still own directly after this transaction?

After the reported transfers, the reporting person beneficially owns 50,329 Snowflake common shares directly, as disclosed in Table I, which footnote 2 explains includes shares to be issued in connection with the vesting of one or more restricted stock units.

Which Slootman family trusts continue to hold Snowflake (SNOW) shares?

The Form 4 shows indirect holdings of Snowflake common stock in several trusts: 16,300 shares in the Slootman Grandchildren's Trust dated 7/28/2022, 78,893 shares in the Slootman 2023 Children's Trust dated 9/25/2023, 56,331 shares in the F. Slootman 2024 Grantor Retained Annuity Trust dated 12/3/2024, and 56,331 shares in the B. Slootman 2024 Grantor Retained Annuity Trust dated 12/3/2024.

What is Invisible Hand Ventures, LLC’s role in the Snowflake insider holdings?

Footnote 3 explains that the shares were held by Invisible Hand Ventures, LLC, of which the reporting person is the manager and has sole voting and dispositive power. After the 12/15/2025 transfer coded G(1), the number of Snowflake shares reported as beneficially owned through this LLC is 0.

Is this Snowflake (SNOW) Form 4 filed by one insider or multiple reporting persons?

The filing indicates that it is a Form filed by One Reporting Person, and the relationship box shows the reporting person is a Director of Snowflake Inc.