Frank Slootman (SNOW) exercises options and sells 200,000 Snowflake shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Frank Slootman reported a pre-planned option exercise and share sale. He exercised stock options to acquire 200,000 shares of Snowflake common stock at an exercise price of $8.88 per share, then sold 200,000 shares in multiple open-market transactions.
The sales occurred on June 18, 2026 at weighted-average prices generally in the low $220s per share, with specific price ranges disclosed between $219.710 and $232.430. According to a footnote, all of these transactions were carried out under a Rule 10b5-1 trading plan adopted on September 19, 2025. Slootman also reports indirect holdings through several family trusts, where he or his spouse serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 200,000 shares ($44,854,036)
Net Sell
19 txns
Insider
Slootman Frank
Role
null
Sold
200,000 shs ($44.85M)
| 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 | 15,196 | $220.127 | $3.35M |
| Sale | Common Stock | 19,465 | $221.381 | $4.31M |
| Sale | Common Stock | 27,553 | $222.297 | $6.12M |
| Sale | Common Stock | 27,619 | $223.148 | $6.16M |
| Sale | Common Stock | 19,615 | $224.392 | $4.40M |
| Sale | Common Stock | 33,420 | $225.235 | $7.53M |
| Sale | Common Stock | 33,783 | $226.23 | $7.64M |
| Sale | Common Stock | 7,345 | $227.095 | $1.67M |
| Sale | Common Stock | 8,100 | $228.265 | $1.85M |
| Sale | Common Stock | 1,852 | $229.665 | $425K |
| Sale | Common Stock | 3,476 | $230.504 | $801K |
| Sale | Common Stock | 1,826 | $231.393 | $423K |
| Sale | Common Stock | 750 | $232.194 | $174K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 5,136,655 shares (Direct, null);
Common Stock — 228,535 shares (Direct, null);
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 $219.710 to $220.670, 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 $220.750 to $221.730, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $221.750 to $222.745, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $222.750 to $223.745, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $223.750 to $224.740, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $224.750 to $225.745, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $225.750 to $226.745, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $226.755 to $227.660, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $227.980 to $228.960, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $229.000 to $229.990, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $230.000 to $230.970, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $231.000 to $231.930, inclusive. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $232.020 to $232.430, 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.
Key Figures
Shares sold: 200,000 shares
Options exercised: 200,000 shares
Exercise price: $8.88 per share
+3 more
6 metrics
Shares sold
200,000 shares
Open-market sales on June 18, 2026
Options exercised
200,000 shares
Stock option exercise coded M
Exercise price
$8.88 per share
Stock option for Snowflake common stock
Lowest sale range
$219.710–$220.670
Weighted-average sale price range in one tranche
Highest sale range
$232.020–$232.430
Weighted-average sale price range in one tranche
10b5-1 adoption date
September 19, 2025
Trading plan governing exercises and sales
Key Terms
Rule 10b5-1 trading plan, weighted-average price, restricted stock units, Grantor Retained Annuity Trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The exercise and sales reported ... were effected pursuant to a 10b5-1 trading plan adopted..."
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.
weighted-average price financial
"The price reported in Column 4 is a weighted-average price. The shares were sold..."
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 is fully vested financial
"The stock option is fully vested."
FAQ
What insider transactions did Frank Slootman report at Snowflake (SNOW)?
Frank Slootman reported exercising options for 200,000 Snowflake shares and selling 200,000 shares in open-market transactions. The trades were grouped in multiple tranches, each with its own weighted-average sale price disclosed in the Form 4 footnotes.
What stock options did Frank Slootman exercise in the latest Snowflake (SNOW) filing?
He exercised stock options covering 200,000 shares of Snowflake common stock at an exercise price of $8.88 per share. A footnote states that this stock option is fully vested, and the exercise is coded as a derivative exercise transaction (code "M").