Snowflake (NYSE: SNOW) director trades 100K shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Frank Slootman reported option exercises and share sales dated February 18, 2026. He exercised a fully vested stock option for 100,000 shares and received the same number of common shares, including shares issuable upon vesting of restricted stock units.
On the same date, he sold 100,000 shares of Snowflake common stock in open‑market transactions at weighted‑average prices around $175–$178 per share, executed in multiple trades. These exercises and sales were carried out under a Rule 10b5‑1 trading plan adopted on September 19, 2025.
After these transactions, Slootman held 50,329 Snowflake shares directly and additional shares indirectly through several family and grantor retained annuity trusts for which he or his spouse serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 100,000 shares ($17,690,823)
Net Sell
10 txns
Insider
Slootman Frank
Role
Director
Sold
100,000 shs ($17.69M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 100,000 | $0.00 | -- |
| Exercise | Common Stock | 100,000 | $8.88 | $888K |
| Sale | Common Stock | 9,275 | $175.438 | $1.63M |
| Sale | Common Stock | 53,436 | $176.697 | $9.44M |
| Sale | Common Stock | 34,781 | $177.537 | $6.17M |
| Sale | Common Stock | 2,508 | $178.126 | $447K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 6,636,655 shares (Direct);
Common Stock — 150,329 shares (Direct);
Common Stock — 16,300 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 $175.000 to $175.930, 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 $176.010 to $176.990, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $177.035 to $178.030, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $178.040 to $178.200, 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 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.
FAQ
What did Snowflake (SNOW) director Frank Slootman report in this Form 4?
Frank Slootman reported exercising a fully vested stock option for 100,000 Snowflake shares and selling 100,000 common shares on February 18, 2026. The transactions were executed under a pre‑established Rule 10b5‑1 trading plan adopted on September 19, 2025.
Were Frank Slootman’s Snowflake (SNOW) trades made under a 10b5-1 plan?
Yes. The Form 4 states that the option exercise and related sales were executed under a Rule 10b5‑1 trading plan. That plan was adopted by Frank Slootman on September 19, 2025, and governs the timing and amount of the reported transactions.
What type of derivative security did Frank Slootman exercise for Snowflake (SNOW)?
He exercised a fully vested stock option, described as a “Stock Option (Right to Buy)” in the filing. Exercising this derivative security resulted in acquisition of 100,000 Snowflake common shares, with related notes indicating some shares are tied to vesting of restricted stock units.