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Frank Slootman (SNOW) exercises options and sells 200,000 Snowflake shares under 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 Slootman Frank
Role Director
Sold 200,000 shs ($44.85M)
Approx. gross sale proceeds $44.85M
Approx. exercise cost $1.78M
Approx. pre-tax spread $43.08M
Type Security Shares Price Value
Exercise Stock Option (Right to Buy) 200,000 $0.00 $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); Common Stock — 28,535 shares (Direct); Common Stock — 207,855 shares (Indirect, Trust)
Footnotes (20)
  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. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
  3. F3. 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.
  4. F4. 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.
  5. F5. 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.
  6. F6. 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.
  7. F7. 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.
  8. F8. 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.
  9. F9. 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.
  10. F10. 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.
  11. F11. 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.
  12. F12. 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.
  13. F13. 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.
  14. F14. 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.
  15. F15. 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.
  16. F16. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
  17. F17. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.
  18. F18. 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.
  19. F19. 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.
  20. F20. The stock option is fully vested.
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
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..."
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.
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.

At what prices did Frank Slootman sell Snowflake (SNOW) shares in this Form 4?
Slootman’s reported Snowflake share sales used weighted-average prices, with ranges from $219.710 to $232.430 per share. Each tranche’s price range is detailed in separate footnotes, reflecting numerous individual trades within those bands on the same trading day.

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").

Was Frank Slootman’s Snowflake (SNOW) share sale part of a 10b5-1 plan?
Yes. A footnote explains that the option exercises and related sales were effected under a Rule 10b5-1 trading plan adopted on September 19, 2025. Such plans pre-schedule trades, making their timing more routine and less discretionary.

How many Snowflake (SNOW) shares did Frank Slootman sell in this Form 4?
The transaction summary shows that Slootman sold 200,000 shares of Snowflake common stock across 13 separate open-market sale entries. Each sale is reported with its own share count and weighted-average price, all occurring on June 18, 2026.

Does Frank Slootman hold Snowflake (SNOW) shares through family trusts?
Yes. Footnotes indicate shares are held by several family trusts, including the Slootman Grandchildren’s Trust, the Slootman 2023 Children’s Trust, and two 2024 Grantor Retained Annuity Trusts, where Slootman or his spouse serves as trustee for those indirect holdings.

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Form 4 Insider Transactions: What Each Field Means →
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)
06/18/2026		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 Stock06/18/2026M(1)200,000A$8.88228,535(2)D
Common Stock06/18/2026S(1)15,196D$220.127(3)213,339(2)D
Common Stock06/18/2026S(1)19,465D$221.381(4)193,874(2)D
Common Stock06/18/2026S(1)27,553D$222.297(5)166,321(2)D
Common Stock06/18/2026S(1)27,619D$223.148(6)138,702(2)D
Common Stock06/18/2026S(1)19,615D$224.392(7)119,087(2)D
Common Stock06/18/2026S(1)33,420D$225.235(8)85,667(2)D
Common Stock06/18/2026S(1)33,783D$226.23(9)51,884(2)D
Common Stock06/18/2026S(1)7,345D$227.095(10)44,539(2)D
Common Stock06/18/2026S(1)8,100D$228.265(11)36,439(2)D
Common Stock06/18/2026S(1)1,852D$229.665(12)34,587(2)D
Common Stock06/18/2026S(1)3,476D$230.504(13)31,111(2)D
Common Stock06/18/2026S(1)1,826D$231.393(14)29,285(2)D
Common Stock06/18/2026S(1)750D$232.194(15)28,535(2)D
Common Stock16,300ITrust(16)
Common Stock78,893ITrust(17)
Common Stock56,331ITrust(18)
Common Stock56,331ITrust(19)
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)$8.8806/18/2026M(1)200,000 (20)05/28/2029Common Stock200,000$05,136,655D
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. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
11. 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.
12. 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.
13. 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.
14. 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.
15. 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.
16. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
17. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.
18. 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.
19. 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.
20. The stock option is fully vested.
Remarks:
/s/ Marie Reider, Attorney-in-Fact06/22/2026
** 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