Snowflake (SNOW) director Slootman sells 8,066 shares under 10b5-1 plan
Rhea-AI Filing Summary
Snowflake Inc. director Frank Slootman reported an open‑market sale of 8,066 shares of Common Stock at $240.00 per share. The transaction was executed under a Rule 10b5-1 trading plan adopted on September 19, 2025, indicating it was pre‑scheduled.
In separate entries, 1,445 shares were withheld at $232.78 per share to cover tax obligations tied to the vesting of restricted stock units, which is not an open‑market sale. After these transactions, Slootman held 28,535 Snowflake shares directly. He also serves as trustee for several family trusts that hold additional Snowflake shares, including trusts with 56,331 shares, 78,893 shares, and 16,300 shares, reported as indirect ownership.
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Insider Trade Summary 10b5-1
Net Seller: 9,511 shares
Net Sell
7 txns
Insider
Slootman Frank
Role
Director
Sold
8,066 shs ($1.94M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,066 | $240.00 | $1.94M |
| Exercise Price or Tax Liability | Common Stock | 892 | $232.78 | $208K |
| Exercise Price or Tax Liability | Common Stock | 553 | $232.78 | $129K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,535 shares (Direct);
Common Stock — 207,855 shares (Indirect, Trust)
Footnotes (7)
- F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 19, 2025.
- F4. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
- F5. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.
- F6. 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.
- F7. 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.
Key Figures
Open-market sale shares: 8,066 shares
Sale price: $240.00 per share
Direct holdings after transactions: 28,535 shares
+5 more
8 metrics
Open-market sale shares
8,066 shares
Common Stock sold on 2026-06-16
Sale price
$240.00 per share
Price for 8,066-share sale
Direct holdings after transactions
28,535 shares
Direct Common Stock following reported transactions
Tax-withheld shares
1,445 shares
Shares withheld to cover RSU tax obligations
Tax-withholding price
$232.78 per share
Value used for RSU tax-withholding dispositions
Trust holdings (example 1)
56,331 shares
Common Stock held indirectly in a family trust
Trust holdings (example 2)
78,893 shares
Common Stock held indirectly in another family trust
Trust holdings (example 3)
16,300 shares
Common Stock held indirectly in an additional trust
Key Terms
Rule 10b5-1 trading plan, restricted stock units, tax-withholding disposition, Grantor Retained Annuity Trust, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 19, 2025."
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.
restricted stock units financial
"Represents shares withheld to satisfy tax withholding obligations on the vesting of 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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Grantor Retained Annuity Trust financial
"2024 Grantor Retained Annuity Trust dated 12/3/2024 for which the Reporting Person is the trustee."
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.
indirect ownership financial
"The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee."
FAQ
What did Snowflake (SNOW) director Frank Slootman report in this Form 4?
Frank Slootman reported an open-market sale of 8,066 Snowflake common shares at $240.00 per share. The filing also shows tax-related share withholding from restricted stock unit vesting and updated direct and indirect share holdings after these transactions.
What indirect Snowflake (SNOW) holdings for Frank Slootman are shown in trust accounts?
The filing lists several trusts where Slootman or his spouse serves as trustee, holding Snowflake shares indirectly. Reported post-transaction balances include trusts with 56,331 shares, 78,893 shares, and 16,300 shares, representing indirect ownership through grandchildren’s, children’s, and grantor retained annuity trusts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
