[Form 4] Snowflake Inc. Insider Trading Activity

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

Securities Analyst

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.

Corporate Governance Expert

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.

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)
09/15/2025

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	09/15/2025		F(1)		1,210	D	$221.15	161,527(2)	D
Common Stock	09/15/2025		F(1)		750	D	$221.15	160,777(2)	D
Common Stock	09/16/2025		S(3)		7,551	D	$221.24	153,226(2)	D
Common Stock								91,058	I	Trust(4)
Common Stock								6,384	I	LLC(5)
Common Stock								16,300	I	Trust(6)
Common Stock								91,058	I	Trust(7)
Common Stock								335,146	I	Trust(8)
Common Stock								83,014	I	Foundation(9)
Common Stock								250,030	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 sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 26, 2025.

4. 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.

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

6. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 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 Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.

9. 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.

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

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	09/17/2025
	** 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.

FAQ

What did SNOW director Frank Slootman report on Form 4?

The Form 4 reports withholding of 1,210 and 750 shares for tax on RSU vesting and a sale of 7,551 shares at $221.24 under a 10b5-1 plan.

How many SNOW shares does Frank Slootman directly own after these transactions?

The filing shows 153,226 shares directly beneficially owned following the reported transactions.

Were the share sales part of a planned trading program for SNOW insider?

Yes. The sale was effected pursuant to a 10b5-1 trading plan adopted March 26, 2025 as disclosed in the Form 4.

Does Frank Slootman have additional indirect holdings in SNOW?

Yes. The filing discloses indirect holdings including trusts, an LLC, and a foundation with notable positions such as 335,146 and 250,030 shares.

Do the withheld shares relate to voluntary sales?

No. The withheld shares (1,210 and 750) are disclosed as withheld to satisfy tax withholding obligations on vested restricted stock units.