Snowflake director sells 100,000 shares after option exercise
Snowflake Inc. director Mark Garrett reported a combination of option exercise and share sale in the company’s common stock.
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Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Mark Garrett reported a combination of option exercise and share sale in the company’s common stock. On May 29, 2026, he exercised stock options for 100,000 shares at an exercise price of $3.74 per share and sold 100,000 shares in an open-market transaction at a weighted-average price of $250.002 per share, with individual trades ranging from $250.000 to $250.170. Following these transactions, he holds 8,801 shares directly and also reports indirect ownership of common stock through four 2011 irrevocable family trusts for the benefit of his children. The filing also notes that some reported holdings include shares to be issued upon vesting of restricted stock units and that the option exercised is now fully vested.
Insider Trade Summary
Exercise and Sale: 100,000 shares ($24.63M approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
GARRETT MARK
Role
Director
Sold
100,000 shs ($25.00M)
Approx. gross sale proceeds
$25.00M
Approx. exercise cost
$374K
Approx. pre-tax spread
$24.63M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 100,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 100,000 | $3.74 | $374K |
| Sale | Common Stock | 100,000 | $250.002 | $25.00M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 400,000 contracts (Direct);
Common Stock — 8,801 shares (Direct);
Common Stock — 121,010 shares (Indirect, Trust)
Footnotes (7)
- F1. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F2. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $250.000 to $250.170, 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.
- F3. The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith for which the Reporting Person's child is the beneficiary.
- F4. The shares are held by the Mark Garrett 2011 Irrevocable Trust FBO Lee A. Garrett for which the Reporting Person's child is the beneficiary.
- F5. The shares are held by the Mark Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith for which the Reporting Person's child is the beneficiary.
- F6. The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Lee A. Garrett for which the Reporting Person's child is the beneficiary.
- F7. The stock option is fully vested.
Key Figures
Shares sold: 100,000 shares
Weighted-average sale price: $250.002 per share
Options exercised: 100,000 shares
+4 more
7 metrics
Shares sold
100,000 shares
Open-market sale of common stock on May 29, 2026
Weighted-average sale price
$250.002 per share
Sale of Snowflake common stock, trades from $250.000 to $250.170
Options exercised
100,000 shares
Stock option exercise into common stock on May 29, 2026
Option exercise price
$3.74 per share
Exercise price for stock option (right to buy) common stock
Direct shares after transaction
8,801 shares
Common stock directly owned following reported transactions
Derivative transaction count
1 derivative transaction
Exercise or conversion of derivative security in this filing
Net share change from buy/sell
−100,000 shares
Net effect of reported open-market sale versus purchases
Key Terms
Stock Option (Right to Buy), restricted stock units, weighted-average price, Irrevocable Trust, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
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.
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.
Irrevocable Trust financial
"The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
fully vested financial
"The stock option is fully vested."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Snowflake (SNOW) director Mark Garrett report?
Mark Garrett reported exercising stock options and selling Snowflake shares. He exercised 100,000 options at $3.74 per share and sold 100,000 common shares at a weighted-average price of $250.002 per share, all dated May 29, 2026, while retaining a remaining equity stake.
What stock options did Mark Garrett exercise in Snowflake (SNOW)?
Mark Garrett exercised stock options covering 100,000 Snowflake common shares. The options had an exercise price of $3.74 per share and were described as fully vested. After this exercise, his reported derivative position for that option grant shows 400,000 options remaining outstanding before the exercise record.
How are family trusts involved in Mark Garrett’s Snowflake (SNOW) holdings?
The filing states that certain Snowflake shares are held by the Amy Garrett 2011 and Mark Garrett 2011 Irrevocable Trusts for the benefit of his children. These positions are reported as indirect ownership, with each trust holding a disclosed number of common shares on behalf of the named beneficiaries.
What does the weighted-average sale price mean in the Snowflake (SNOW) Form 4?
The weighted-average sale price of $250.002 per share reflects multiple trades executed at prices between $250.000 and $250.170. The filing notes that full trade-by-trade details are available upon request from Snowflake, any security holder, or the SEC staff for additional transaction granularity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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