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Snowflake (NYSE: SNOW) director exercises 200K options and sells stock

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Snowflake Inc. director Frank Slootman reported exercising stock options and selling common shares in a pre-arranged transaction. On January 20, 2026, he exercised a stock option for 200,000 shares of common stock at an exercise price of $8.88 per share, and held 6,736,655 derivative securities afterward, including options noted as fully vested.

On the same date, he sold common stock in several trades totaling 200,000 shares at weighted-average prices of $205.457, $206.669, $207.477, $208.669, and $209.199, leaving 50,329 directly held shares of Snowflake common stock. The filing states these exercise and sale transactions were made under a Rule 10b5-1 trading plan adopted on September 19, 2025. In addition, indirect holdings are reported through several family and grantor trusts that together hold multiple blocks of Snowflake common stock.

Positive

  • None.

Negative

  • None.
Insider Slootman Frank
Role Director
Sold 200,000 shs ($41.35M)
Type Security Shares Price Value
Exercise Stock Option (Right to Buy) 200,000 $0.00 --
Exercise Common Stock 200,000 $8.88 $1.78M
Sale Common Stock 43,169 $205.457 $8.87M
Sale Common Stock 76,672 $206.669 $15.85M
Sale Common Stock 74,830 $207.477 $15.53M
Sale Common Stock 2,718 $208.669 $567K
Sale Common Stock 2,611 $209.199 $546K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Stock Option (Right to Buy) — 6,736,655 shares (Direct); Common Stock — 250,329 shares (Direct); Common Stock — 16,300 shares (Indirect, Trust)
Footnotes (1)
  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 $205.068 to $206.060 , 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 range set forth in this footnote. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $206.075 to $207.070, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $207.080 to $208.030, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $208.090 to $209.050, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $209.160 to $209.220, inclusive. 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 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 stock option is fully vested. Includes 41,291 shares subject to an incentive stock option that was converted into a nonqualified stock option.
Form 4 Insider Transactions: What Each Field Means →
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)
01/20/2026
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 01/20/2026 M(1) 200,000 A $8.88 250,329(2) D
Common Stock 01/20/2026 S(1) 43,169 D $205.457(3) 207,160(2) D
Common Stock 01/20/2026 S(1) 76,672 D $206.669(4) 130,488(2) D
Common Stock 01/20/2026 S(1) 74,830 D $207.477(5) 55,658(2) D
Common Stock 01/20/2026 S(1) 2,718 D $208.669(6) 52,940(2) D
Common Stock 01/20/2026 S(1) 2,611 D $209.199(7) 50,329(2) D
Common Stock 16,300 I Trust(8)
Common Stock 78,893 I Trust(9)
Common Stock 56,331 I Trust(10)
Common Stock 56,331 I Trust(11)
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
Stock Option (Right to Buy) $8.88 01/20/2026 M(1) 200,000 (12) 05/28/2029 Common Stock 200,000 $0 6,736,655(13) D
Explanation of Responses:
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.
2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
3. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $205.068 to $206.060 , 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 range set forth in this footnote.
4. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $206.075 to $207.070, inclusive.
5. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $207.080 to $208.030, inclusive.
6. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $208.090 to $209.050, inclusive.
7. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $209.160 to $209.220, inclusive.
8. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
9. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.
10. 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.
11. 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.
12. The stock option is fully vested.
13. Includes 41,291 shares subject to an incentive stock option that was converted into a nonqualified stock option.
Remarks:
/s/ Marie Reider, Attorney-in-Fact 01/22/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Snowflake (SNOW) director Frank Slootman report?

Frank Slootman reported that on January 20, 2026, he exercised a stock option for 200,000 shares of Snowflake common stock at an exercise price of $8.88 per share and then sold 200,000 shares of common stock in multiple transactions at various market prices.

At what prices did Frank Slootman sell Snowflake (SNOW) shares in this Form 4?

The Form 4 shows sales of Snowflake common stock at weighted-average prices of $205.457, $206.669, $207.477, $208.669, and $209.199, each representing multiple trades within the stated price ranges.

How many Snowflake (SNOW) shares does Frank Slootman hold directly after these transactions?

After the reported sales on January 20, 2026, Frank Slootman directly beneficially owned 50,329 shares of Snowflake common stock, according to the Form 4.

Were Frank Slootman’s Snowflake (SNOW) trades under a 10b5-1 plan?

Yes. A footnote states that the exercise and sales reported in the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Frank Slootman on September 19, 2025.

Does Frank Slootman have indirect Snowflake (SNOW) share holdings through trusts?

Yes. The filing reports indirect ownership of Snowflake common stock through several trusts, including the Slootman Grandchildren's Trust, the Slootman 2023 Children's Trust, and two 2024 Grantor Retained Annuity Trusts, for which he or his spouse serves as trustee.