SNOW insider filing: Slootman withholds RSUs and sells shares under 10b5-1
Rhea-AI Filing Summary
Frank Slootman, a director of Snowflake Inc. (SNOW), reported share transactions on Form 4. The filing shows shares withheld to satisfy taxes on vested restricted stock units: 1,210 and 750 shares withheld at $221.15 each. The reporting person also sold 7,551 shares on 09/16/2025 at $221.24 pursuant to a 10b5-1 trading plan adopted March 26, 2025. After these transactions the reporting person directly beneficially owned 153,226 shares. The filing also discloses multiple indirect holdings: trusts, an LLC, and a foundation holding significant additional shares, including 335,146 and 250,030 shares in two trusts/foundation and other trust holdings ranging from 6,384 to 91,058 shares.
Positive
- None.
Negative
- Reported sale of 7,551 shares at $221.24 under a 10b5-1 plan on 09/16/2025 could be viewed as insider liquidity-taking.
- Withholding of 1,960 shares (1,210 and 750) at $221.15 to satisfy tax obligations reduced direct holdings.
Insights
TL;DR: Insider sold a modest number of shares under a 10b5-1 plan and withheld shares for taxes; overall holdings remain substantial.
The reported sale of 7,551 shares at $221.24 was effected under a pre-existing 10b5-1 plan, which reduces signaling risk because trades were preplanned. The separate withholdings (1,210 and 750 shares at $221.15) relate to tax obligations on RSU vesting rather than voluntary dispositions. Direct beneficial ownership after the transactions is 153,226 shares, while multiple trusts, an LLC, and a foundation hold additional material positions, including single-account holdings of 335,146 and 250,030 shares. For investors, the data show continued concentrated insider exposure but some liquidity-taking consistent with compensation tax events and an automated trading plan.
TL;DR: Transactions appear routine for executive compensation and pre-arranged trading; no governance red flags in the disclosure.
The Form 4 explicitly states the sale was pursuant to a 10b5-1 plan adopted March 26, 2025 and that share withholding satisfied tax obligations on vested RSUs. The reporting person retains substantial direct and indirect holdings across multiple trusts and entities, indicating ongoing alignment with shareholders. The filing includes clear explanations of indirect ownership arrangements and identifies the spouse as trustee for one trust and the reporting person as trustee/manager for others, which is standard disclosure practice. No amendments or unusual transaction codes are present.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,551 | $221.24 | $1.67M |
| Tax Withholding | Common Stock | 1,210 | $221.15 | $268K |
| Tax Withholding | Common Stock | 750 | $221.15 | $166K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 26, 2025. 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 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 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 Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee. 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 2023 Grantor Retained Annuity Trust dated 9/25/23 for which the Reporting Person is a trustee.
