Snowflake director logs small option exercise, share sale

Snowflake Inc. director Frank Slootman reported a small, pre-planned option exercise and share sale.

Rhea-AI Filing Summary

Snowflake Inc. director Frank Slootman reported a small, pre-planned option exercise and share sale. On June 26, 2026, he exercised 100 stock options at $8.88 per share, receiving 100 common shares, and sold 100 common shares at $250 per share. The filing notes these exercise and sale transactions were carried out under a Rule 10b5-1 trading plan adopted on September 19, 2025, indicating they were pre-scheduled. Following the transactions, Slootman directly holds 28,535 Snowflake shares, and continues to have 5,136,555 stock options outstanding that are fully vested. Additional indirect holdings are reported in several family trusts for which he or his spouse serves as trustee.

Insider Trade Summary 10b5-1

Exercise and Sale: 100 shares ($24K approx. pre-tax spread)

Exercise and Sale 7 txns

Insider Slootman Frank

Role Director

Sold 100 shs ($25K)

Approx. gross sale proceeds $25K

Approx. exercise cost $888.00

Approx. pre-tax spread $24K

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	100	$0.00	$0.00
Exercise	Common Stock	100	$8.88	$888.00
Sale	Common Stock	100	$250.00	$25K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 5,136,555 contracts (Direct); Common Stock — 28,535 shares (Direct); Common Stock — 207,855 shares (Indirect, Trust)

Footnotes (7)

1. F1. The exercise and sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 19, 2025.
2. F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
3. F3. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
4. F4. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.
5. F5. 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.
6. F6. 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.
7. F7. The stock option is fully vested.

Key Figures

Shares sold: 100 shares at $250 Options exercised: 100 shares at $8.88 Direct holdings after: 28,535 shares +4 more

7 metrics

Shares sold 100 shares at $250 Open-market sale on June 26, 2026

Options exercised 100 shares at $8.88 Stock option exercise on June 26, 2026

Direct holdings after 28,535 shares Common stock directly held after transactions

Remaining options 5,136,555 options Stock Option (Right to Buy) outstanding after exercise

Grandchildren's trust holdings 56,331 shares Indirect common stock via Slootman Grandchildren's Trust

Children's trust holdings 78,893 shares Indirect common stock via 2023 Children's Trust

GRAT holdings 16,300 shares Indirect common stock via 2024 Grantor Retained Annuity Trust

Key Terms

Rule 10b5-1 trading plan, restricted stock units, Grantor Retained Annuity Trust, Stock Option (Right to Buy), +1 more

5 terms

Rule 10b5-1 trading plan financial

"The exercise and sale reported ... were effected pursuant to a 10b5-1 trading plan adopted ... 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

"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.

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.

Stock Option (Right to Buy) financial

"Security title is listed as Stock Option (Right to Buy) with an exercise price of 8.8800."

fully vested financial

"The stock option is fully vested."

FAQ

What Snowflake (SNOW) insider transactions did Frank Slootman report?

Frank Slootman reported exercising 100 stock options at $8.88 per share and selling 100 Snowflake common shares at $250 per share. These transactions were disclosed in a Form 4 insider trading report for June 26, 2026.

Was Frank Slootman’s Snowflake (SNOW) share sale pre-planned under a 10b5-1 plan?

Yes. The filing states the option exercise and share sale were effected under a Rule 10b5-1 trading plan adopted on September 19, 2025. Such plans pre-schedule trades, making their timing less indicative of short-term views.

How many Snowflake (SNOW) shares does Frank Slootman hold after this Form 4?

After the reported transactions, Frank Slootman directly holds 28,535 Snowflake common shares. The filing also reports indirect holdings through several family trusts, plus 5,136,555 remaining stock options that are fully vested.

What stock option activity did Frank Slootman report for Snowflake (SNOW)?

He exercised 100 stock options with a strike price of $8.88 per share, receiving 100 Snowflake common shares. The related derivative line shows 5,136,555 stock options remaining outstanding after the exercise, and the option grant is described as fully vested.

What family trust holdings in Snowflake (SNOW) are associated with Frank Slootman?

The Form 4 notes Snowflake shares held by the Slootman Grandchildren's Trust, the Slootman 2023 Children's Trust, and two 2024 Grantor Retained Annuity Trusts. Slootman or his spouse serves as trustee, creating indirect ownership of these Snowflake shares.

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Accepted by SEC EDGAR 06/29/2026 - 05:59 PM Learn about SEC filing dates

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.

135 CONSTITUTION DRIVE

(Street)

MENLO PARK CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/26/2026		M(1)		100	A	$8.88	28,635(2)	D
Common Stock	06/26/2026		S(1)		100	D	$250	28,535(2)	D
Common Stock								16,300	I	Trust(3)
Common Stock								78,893	I	Trust(4)
Common Stock								56,331	I	Trust(5)
Common Stock								56,331	I	Trust(6)

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	06/26/2026		M(1)			100	(7)	05/28/2029	Common Stock	100	$0	5,136,555	D

Explanation of Responses:

1. The exercise and sale reported in this Form 4 was 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 shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.

4. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.

5. 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.

6. 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.

7. The stock option is fully vested.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	06/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)