Snowflake director Slootman sells 8,191 shares
Snowflake director Frank Slootman disclosed a 10b5-1 plan sale of 8,191 shares plus 1,320 shares withheld for taxes tied to RSU vesting.
Rhea-AI Filing Summary
Snowflake Inc. (SNOW) director Frank Slootman reported selling 8,191 shares of common stock on September 16, 2026 at $318.51 per share in an open-market or private transaction. On September 15, 2026, a further 1,320 shares were disposed of to satisfy tax withholding obligations upon vesting of restricted stock units at $332.35 per share. The sale was effected under a Rule 10b5-1 trading plan adopted on September 19, 2025, and additional shares are held indirectly through several trusts for which Slootman or his spouse serves as trustee.
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Insider Trade Summary 10b5-1
Net Seller: 8,191 shares
Net Sell
8 txns
Insider
Slootman Frank
Role
Director
Sold
8,191 shs ($2.61M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3, F2 | 8,191 | $318.51 | $2.61M |
| Tax Withholding | Common Stock F1, F2 | 815 | $332.35 | $271K |
| Tax Withholding | Common Stock F1, F2 | 505 | $332.35 | $168K |
| holding | Common Stock F4, F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
| holding | Common Stock F8 | -- | -- | -- |
| holding | Common Stock F9 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,024 shares (Direct);
Common Stock — 210,029 shares (Indirect, Trust)
Footnotes (9)
- F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 19, 2025.
- F4. Includes 2,174 shares acquired as part of a pro rata distribution by a fund in which the Slootman Living Trust dated 9/8/1999 is a limited partner.
- F5. The shares are held by the Slootman Living Trust dated 9/8/1999 for which the Reporting Person is a trustee.
- F6. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
- F7. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.
- F8. 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.
- F9. 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.
Key Figures
Shares sold: 8,191 shares
Sale price per share: $318.51 per share
Shares withheld for taxes: 1,320 shares
+3 more
6 metrics
Shares sold
8,191 shares
Open-market or private sale of Snowflake common stock on September 16, 2026
Sale price per share
$318.51 per share
Price for the 8,191-share sale on September 16, 2026
Shares withheld for taxes
1,320 shares
Tax withholding dispositions on September 15, 2026 tied to RSU vesting
Tax-withholding price per share
$332.35 per share
Valuation for 815- and 505-share tax-withholding transactions on September 15, 2026
Rule 10b5-1 plan adoption date
September 19, 2025
Plan governing the 8,191-share sale reported on September 16, 2026
Shares disposed for exercise price or tax liability (Form 4 summary)
1,320 shares
Aggregate code F transactions in the transaction summary
Key Terms
Rule 10b5-1 trading plan, restricted stock units, pro rata distribution, Grantor Retained Annuity Trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan"
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
"tax withholding obligations on the vesting of 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.
pro rata distribution financial
"shares acquired as part of a pro rata distribution by a fund"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
Grantor Retained Annuity Trust financial
"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.
limited partner financial
"a fund in which the Slootman Living Trust dated 9/8/1999 is a limited partner"
A limited partner is an investor in a pooled investment vehicle—such as a private equity, venture capital, or real estate fund—who provides capital but does not take part in day‑to‑day management and whose financial responsibility is capped at the amount invested. For investors, being a limited partner matters because it defines how much control they have, how much risk they bear, and how returns are distributed; think of a limited partner as a silent co‑owner who shares in profits and losses while leaving operations to the fund managers.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Snowflake (SNOW) director Frank Slootman report in this Form 4?
He reported selling 8,191 Snowflake common shares on September 16, 2026 at $318.51 per share, and disposing of 1,320 shares on September 15, 2026 to cover tax withholding related to vesting restricted stock units.
Was the Snowflake (SNOW) stock sale by Frank Slootman under a Rule 10b5-1 plan?
Yes. The filing states the 8,191-share sale on September 16, 2026 was effected pursuant to a Rule 10b5-1 trading plan adopted by Frank Slootman on September 19, 2025.
What prices are associated with the Snowflake (SNOW) transactions in this filing?
The open-market or private sale of 8,191 shares on September 16, 2026 was at $318.51 per share. The 1,320 shares withheld for tax on September 15, 2026 were valued at $332.35 per share.
Were any derivative securities involved in this Snowflake (SNOW) Form 4?
No. The structured data show no derivative transactions reported. All reported entries relate to Snowflake common stock, including one sale and two tax-withholding dispositions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
