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Snowflake Inc. (SNOW) director sells 400,000 shares under 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Snowflake director Frank Slootman exercised a fully vested stock option for 400,000 shares of Common Stock at an exercise price of $8.880 per share on May 28, 2026, then sold 400,000 common shares in multiple transactions at weighted-average prices between $229.670 and $238.000, effected pursuant to a 10b5-1 trading plan adopted on September 19, 2025. After these transactions, he holds 38,046 Snowflake shares directly and 207,855 shares indirectly through family trusts.

Positive

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Negative

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Insights

Pre-planned option exercise and matched share sale, with sizable equity stake remaining.

Frank Slootman exercised 400,000 stock options at an exercise price of $8.88 and sold an equal 400,000 shares of Snowflake common stock on May 28, 2026. Prices were reported as weighted averages, with trades executed in ranges roughly from $229.67 to $238.00.

The filing notes these transactions were effected under a Rule 10b5-1 trading plan adopted on September 19, 2025, suggesting a pre-arranged liquidity program rather than ad hoc market timing. After the exercise and sales, Slootman directly owns 438,046 shares and holds 5,936,655 stock options plus additional shares via family trusts, indicating a substantial continuing exposure to Snowflake’s equity.

Insider Slootman Frank
Role Director
Sold 400,000 shs ($93.37M)
Approx. gross sale proceeds $93.37M
Approx. exercise cost $3.55M
Approx. pre-tax spread $89.81M
Type Security Shares Price Value
Exercise Stock Option (Right to Buy) 400,000 $0.00 $0.00
Exercise Common Stock 400,000 $8.88 $3.55M
Sale Common Stock 28,740 $230.174 $6.62M
Sale Common Stock 13,976 $231.063 $3.23M
Sale Common Stock 41,321 $232.307 $9.60M
Sale Common Stock 124,883 $233.17 $29.12M
Sale Common Stock 143,283 $234.089 $33.54M
Sale Common Stock 29,148 $234.961 $6.85M
Sale Common Stock 14,463 $236.535 $3.42M
Sale Common Stock 4,186 $237.289 $993K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Stock Option (Right to Buy) — 5,936,655 shares (Direct); Common Stock — 38,046 shares (Direct); Common Stock — 207,855 shares (Indirect, Trust)
Footnotes (14)
  1. F1. 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. F2. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $229.670 to $230.660, 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.
  3. F3. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $230.680 to $231.670, inclusive.
  4. F4. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $231.700 to $232.685, inclusive.
  5. F5. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $232.700 to $233.690, inclusive.
  6. F6. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $233.700 to $234.685, inclusive.
  7. F7. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $234.720 to $235.560, inclusive.
  8. F8. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $236.020 to $237.000, inclusive.
  9. F9. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $237.050 to $238.000, inclusive.
  10. F10. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
  11. F11. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.
  12. F12. 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.
  13. F13. 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.
  14. F14. The stock option is fully vested.
Options exercised 400,000 shares Stock Option (Right to Buy) exercised on May 28, 2026
Exercise price $8.880 per share Exercise or conversion of derivative security into Common Stock
Shares sold 400,000 shares Total Snowflake common shares sold on May 28, 2026
Sale price range $229.670 to $238.000 per share Weighted-average prices across multiple transactions as described in footnotes
Direct holdings after transaction 38,046 shares Common Stock held directly by Frank Slootman after reported trades
Indirect holdings after transaction 207,855 shares Common Stock held indirectly via trusts after reported trades
10b5-1 trading plan regulatory
"The exercise and sales ... were effected pursuant to a 10b5-1 trading plan adopted"
A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
weighted-average price financial
"The price reported in Column 4 is a weighted-average price."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
Grantor Retained Annuity Trust financial
"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.

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FAQ

What transactions did Snowflake (SNOW) director Frank Slootman report on May 28, 2026?
On May 28, 2026, Snowflake director Frank Slootman exercised a stock option for 400,000 shares at $8.880 per share and sold 400,000 common shares in multiple transactions at weighted-average prices under a pre-arranged 10b5-1 trading plan.

How many Snowflake (SNOW) shares did Frank Slootman sell and at what prices?
Frank Slootman sold 400,000 Snowflake common shares in eight reported transactions at weighted-average prices ranging from $229.670 to $238.000 per share, with detailed price ranges for each trade described in the filing’s weighted-average price footnotes.

Were Frank Slootmans Snowflake (SNOW) trades made under a 10b5-1 plan?
Yes. The filing notes the option exercise and share sales were effected under a 10b5-1 trading plan adopted by Frank Slootman on September 19, 2025, indicating these transactions followed a pre-established trading schedule rather than being discretionary trades.

How many Snowflake (SNOW) shares does Frank Slootman own after these transactions?
After the reported transactions, Frank Slootman holds 38,046 Snowflake common shares directly and 207,855 shares indirectly through various family trusts, where he or his spouse serves as trustee, as reflected in the post-transaction holdings data and related ownership footnotes.

What stock option did Frank Slootman exercise in Snowflake (SNOW)?
He exercised a fully vested Stock Option (Right to Buy) for 400,000 shares of Snowflake Common Stock at an exercise price of $8.880 per share, with the option scheduled to expire on May 28, 2029, converting the option into an equivalent number of common shares.
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/28/2026M(1)400,000A$8.88438,046D
Common Stock05/28/2026S(1)28,740D$230.174(2)409,306D
Common Stock05/28/2026S(1)13,976D$231.063(3)395,330D
Common Stock05/28/2026S(1)41,321D$232.307(4)354,009D
Common Stock05/28/2026S(1)124,883D$233.17(5)229,126D
Common Stock05/28/2026S(1)143,283D$234.089(6)85,843D
Common Stock05/28/2026S(1)29,148D$234.961(7)56,695D
Common Stock05/28/2026S(1)14,463D$236.535(8)42,232D
Common Stock05/28/2026S(1)4,186D$237.289(9)38,046D
Common Stock16,300ITrust(10)
Common Stock78,893ITrust(11)
Common Stock56,331ITrust(12)
Common Stock56,331ITrust(13)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$8.8805/28/2026M(1)400,000 (14)05/28/2029Common Stock400,000$05,936,655D
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. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $229.670 to $230.660, 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.
3. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $230.680 to $231.670, inclusive.
4. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $231.700 to $232.685, inclusive.
5. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $232.700 to $233.690, inclusive.
6. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $233.700 to $234.685, inclusive.
7. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $234.720 to $235.560, inclusive.
8. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $236.020 to $237.000, inclusive.
9. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $237.050 to $238.000, inclusive.
10. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
11. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.
12. 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.
13. 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.
14. The stock option is fully vested.
Remarks:
/s/ Marie Reider, Attorney-in-Fact05/29/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR