Frank Slootman of Snowflake (SNOW) logs 10b5-1 sale and option exercise
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 100 shares ($25,000)
Net Sell
7 txns
Insider
Slootman Frank
Role
null
Sold
100 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 100 | $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 shares (Direct, null);
Common Stock — 28,635 shares (Direct, null);
Common Stock — 16,300 shares (Indirect, Trust)
Footnotes (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. Includes shares to be issued in connection with the vesting of one or more restricted stock units. 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 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 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
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.
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.