[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) – Form 4 filing (06/18/2025)

Director Frank Slootman reported a series of routine equity transactions covering Class A common stock on 16-17 June 2025.

• Tax-withholding: On 16 June 2025, 1,369 and 848 shares were withheld at an average price of $208.18 to satisfy tax obligations triggered by the vesting of restricted stock units (code “F”).
• Open-market sales: On 17 June 2025, 4,504 and 2,790 shares were sold at $208.00 per share under a pre-arranged Rule 10b5-1 trading plan adopted 30 Sep 2024 (code “S”). Total gross proceeds were approximately $1.52 million.

Following these transactions, Slootman directly owns 170,718 Class A shares. Indirect holdings held via various trusts, an LLC, and a foundation total 867,779 shares, bringing his overall reported beneficial ownership to roughly 1.038 million shares.

No derivative security activity was reported, and the filing contains standard explanatory footnotes clarifying ownership through family trusts and charitable entities.

Given Snowflake’s ~300 million outstanding shares, the 7,294-share open-market sale represents less than 0.003% of shares outstanding and therefore appears immaterial to the company’s capital structure. The continued sizeable ownership stake indicates sustained alignment with shareholders.

Insights

Senior Securities Analyst

TL;DR: Small 10b5-1 insider sale; no material impact on SNOW fundamentals.

The Form 4 discloses routine tax-withholding and modest 10b5-1 sales by Director Frank Slootman. Gross proceeds (~$1.5 M) and volume (7.3 k shares) are negligible relative to Snowflake’s daily trading liquidity and total float. Slootman retains >1 M beneficially owned shares, signalling ongoing exposure to share-price performance. As no new options were exercised and no derivative positions created, the filing suggests normal personal liquidity management rather than a directional view on Snowflake’s outlook. I classify the disclosure as neutral for valuation or sentiment purposes.

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).

X

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)
06/16/2025

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
Class A Common Stock	06/16/2025		F(1)		1,369	D	$208.18	178,860(2)	D
Class A Common Stock	06/16/2025		F(1)		848	D	$208.18	178,012(2)	D
Class A Common Stock	06/17/2025		S(3)		4,504	D	$208	173,508(2)	D
Class A Common Stock	06/17/2025		S(3)		2,790	D	$208	170,718(2)	D
Class A Common Stock								1,173	I	LLC(4)
Class A Common Stock								83,014	I	Foundation(5)
Class A Common Stock								335,146	I	Trust(6)
Class A Common Stock								250,030	I	Trust(7)
Class A Common Stock								16,300	I	Trust(8)
Class A Common Stock								91,058	I	Trust(9)
Class A Common Stock								91,058	I	Trust(10)

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. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.

2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.

3. The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 30, 2024.

4. The shares are held by Invisible Hand Ventures, LLC, of which the Reporting Person is the manager and has sole voting and dispositive power.

5. 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.

6. The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.

7. The shares are held by the Slootman 2023 Grantor Retained Annuity Trust dated 9/25/23 for which the Reporting Person is a trustee.

8. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.

9. 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.

10. 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.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	06/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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