Snowflake (NYSE: SNOW) director Slootman sells shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Frank Slootman reported both an option exercise and share sales in the company’s stock. On June 1, 2026, he exercised stock options covering 162,924 shares of Common Stock at an exercise price of $8.8800 per share and acquired the corresponding common shares.
That same day, he sold an aggregate 162,924 Common Stock shares in multiple open‑market transactions, with reported weighted‑average sale prices ranging from about $258.9320 to $268.0060 per share. The filing states these transactions were effected under a Rule 10b5‑1 trading plan adopted on September 19, 2025.
Following these transactions, one row in the filing shows Slootman directly holding 200,970 shares of Common Stock and 5,336,655 Stock Option (Right to Buy) derivative securities, and he is also listed as trustee for several trusts that collectively hold additional Snowflake shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 162,924 shares ($42,962,775)
Net Sell
16 txns
Insider
Slootman Frank
Role
null
Sold
162,924 shs ($42.96M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 162,924 | $0.00 | -- |
| Exercise | Common Stock | 162,924 | $8.88 | $1.45M |
| Sale | Common Stock | 7,480 | $258.932 | $1.94M |
| Sale | Common Stock | 16,892 | $260.033 | $4.39M |
| Sale | Common Stock | 4,602 | $261.199 | $1.20M |
| Sale | Common Stock | 21,455 | $262.136 | $5.62M |
| Sale | Common Stock | 12,074 | $263.227 | $3.18M |
| Sale | Common Stock | 38,345 | $264.05 | $10.12M |
| Sale | Common Stock | 34,607 | $264.945 | $9.17M |
| Sale | Common Stock | 7,054 | $265.975 | $1.88M |
| Sale | Common Stock | 12,985 | $267.054 | $3.47M |
| Sale | Common Stock | 7,430 | $268.006 | $1.99M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 5,336,655 shares (Direct, null);
Common Stock — 200,970 shares (Direct, null);
Common Stock — 56,331 shares (Indirect, Trust)
Footnotes (1)
- The exercise and sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 19, 2025. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $258.430 to $259.380, 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. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $259.550 to $260.510, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $260.550 to $261.490, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $261.570 to $262.565, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $262.580 to $263.570, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $263.580 to $264.568, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $264.580 to $265.550, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $265.600 to $266.570, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $266.660 to $267.650, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $267.700 to $268.330, inclusive. 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 Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a 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. The stock option is fully vested.
Key Figures
Options exercised: 162,924 shares
Exercise price: $8.8800 per share
Shares sold: 162,924 shares
+5 more
8 metrics
Options exercised
162,924 shares
Stock options for Common Stock exercised on June 1, 2026
Exercise price
$8.8800 per share
Exercise price for 162,924 Common Stock options
Shares sold
162,924 shares
Aggregate Common Stock sold in open-market transactions
Sale price range
$258.430–$268.330
Range of individual sale transaction prices per footnotes
Direct common shares after
200,970 shares
One post-transaction Common Stock holding row
Remaining options
5,336,655 options
Stock Option (Right to Buy) total following derivative transaction
Trust holding example
56,331 shares
Common Stock held by F. Slootman 2024 Grantor Retained Annuity Trust
10b5-1 plan adoption date
September 19, 2025
Date Slootman adopted trading plan covering these trades
Key Terms
Rule 10b5-1 trading plan, Grantor Retained Annuity Trust, restricted stock units, weighted-average price, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The exercise and sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Grantor Retained Annuity Trust financial
"The shares are held by the F. Slootman 2024 Grantor Retained Annuity Trust dated 12/3/2024..."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
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. The shares were sold in multiple transactions..."
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) ... underlying security title Common Stock, underlying security shares 162,924.0000"
fully vested financial
"The stock option is fully vested."
FAQ
What insider transactions did Frank Slootman report for Snowflake (SNOW)?
Frank Slootman reported exercising options for 162,924 Snowflake shares at $8.8800 and selling 162,924 Common Stock shares in multiple open‑market trades on June 1, 2026. The filing also lists his remaining direct and trust‑held positions.
What Snowflake (SNOW) holdings remain for Frank Slootman after these transactions?
One row in the filing lists 200,970 directly held Snowflake Common Stock shares and 5,336,655 Stock Option (Right to Buy) derivative securities. Separate entries also show additional Snowflake shares held by various trusts where he or his spouse serves as trustee.