Snowflake's Slootman Controls Over 1M Shares Through Complex Trust Network
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Frank Slootman, Director of Snowflake (SNOW), reported multiple transactions and holdings in a Form 4 filing dated June 28, 2025. The key transaction involved a disposition of 5,211 shares of Class A Common Stock on June 23, 2025, through a gift transaction (Code G) at $0.
Following the transaction, Slootman's beneficial ownership includes:
- 165,507 shares held directly, including restricted stock units
- 873,190 shares held indirectly through various entities: - 6,384 shares via Invisible Hand Ventures LLC - 83,014 shares via Slootman Family Foundation - 335,146 shares via Slootman Living Trust - 250,030 shares via 2023 GRAT - Multiple other trust holdings
The reported transaction appears to be part of a pro rata distribution from a fund where Invisible Hand Ventures LLC was a limited partner. Slootman maintains significant control through various trusts and entities, demonstrating complex estate planning arrangements.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,211 shares gifted
Mixed
8 txns
Insider
Slootman Frank
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 5,211 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 165,507 shares (Direct);
Class A Common Stock — 6,384 shares (Indirect, LLC)
Footnotes (1)
- Includes shares to be issued in connection with the vesting of one or more restricted stock units. Includes 5,211 shares acquired on June 23, 2025, as part of a pro rata distribution by a fund in which Invisible Hand Ventures, LLC is a limited partner. The Reporting Person is the manager and has sole voting and dispositive power of Invisible Hand Ventures, LLC. 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 Family Foundation dated 11/24/2010 for which the Reporting Person is deemed to have voting and investment power over the shares held by the Slootman Family Foundation, but has no personal pecuniary interest in these shares. 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 2023 Grantor Retained Annuity Trust dated 9/25/23 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 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.
FAQ
What is Frank Slootman's total direct ownership of SNOW stock after the June 2025 transaction?
Following the reported transaction, Frank Slootman directly owned 165,507 shares of Snowflake (SNOW) Class A Common Stock, held in Direct (D) ownership form.
What positions does Frank Slootman hold at Snowflake (SNOW) according to the Form 4?
According to the Form 4 filing, Frank Slootman serves as a Director of Snowflake Inc. (SNOW), as indicated by the 'X' mark in the Director box under Section 5 (Relationship of Reporting Person(s) to Issuer).