Snowflake (SNOW) director Slootman exercises options and sells 144,650 shares

Rhea-AI Filing Summary

Snowflake Inc. director Frank Slootman reported a set of option exercises and share sales in Snowflake common stock. He exercised stock options covering 144,650 shares at an exercise price of $8.88 per share, converting a derivative position into common shares.

On the same date, he sold a total of 144,650 shares of common stock in open-market transactions at weighted-average prices of $175.382 and $176.296 per share. The filing states these transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on September 19, 2025, indicating they were scheduled in advance rather than timed discretionarily.

The filing also notes several indirect holdings in Snowflake common stock held through multiple family and grantor retained annuity trusts for which Slootman or his spouse serves as trustee, as well as that the exercised stock option was fully vested and carries an expiration date in 2029.

Insights

Equity analyst

Slootman executed a planned option exercise and matched share sale under a 10b5-1 plan, a largely routine liquidity event.

The filing shows Frank Slootman exercised stock options for 144,650 Snowflake common shares at an exercise price of $8.88 per share, then sold the same number of shares in open-market trades around $175-177. This converts a derivative compensation award into cash.

The net result is a reduction in his direct share position, while the derivativeSummary indicates no remaining position in that particular option grant, which was fully vested and expires in May 2029. Several indirect holdings remain in family and grantor retained annuity trusts, where he or his spouse is trustee.

A key contextual detail is that these trades were made under a pre-arranged Rule 10b5-1 trading plan adopted on September 19, 2025. Such plans are established in advance and can signal that the timing of sales is more administrative than opportunistic, so the informational impact for investors is limited.

Insider Trade Summary 10b5-1

Net Seller: 144,650 shares ($25,378,395)

Net Sell 8 txns

Insider Slootman Frank

Role null

Sold 144,650 shs ($25.38M)

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	144,650	$0.00	--
Exercise	Common Stock	144,650	$8.88	$1.28M
Sale	Common Stock	134,378	$175.382	$23.57M
Sale	Common Stock	10,272	$176.296	$1.81M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 6,392,005 shares (Direct, null); Common Stock — 182,696 shares (Direct, null); Common Stock — 16,300 shares (Indirect, Trust)

Footnotes (1)

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 $175.990, 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 $176.000 to $176.860, 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: 144,650 shares Shares exercised: 144,650 shares Exercise price: $8.88/share +4 more

7 metrics

Shares sold 144,650 shares Total Snowflake common shares sold in open-market transactions on May 19, 2026

Shares exercised 144,650 shares Common shares acquired via stock option exercise on May 19, 2026

Exercise price $8.88/share Exercise price of the Stock Option (Right to Buy) for 144,650 shares

Weighted-average sale price (block 1) $175.382/share Weighted-average price for 134,378 shares of common stock sold

Weighted-average sale price (block 2) $176.296/share Weighted-average price for 10,272 shares of common stock sold

Net buy/sell shares -144,650 shares Net share change reported in transaction summary (net-sell direction)

Option expiration May 28, 2029 Expiration date of the exercised stock option grant

Key Terms

Rule 10b5-1 trading plan, restricted stock units, weighted-average price, Stock Option (Right to Buy), +1 more

5 terms

Rule 10b5-1 trading plan financial

"The exercise and sales reported in this Form 4 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.

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.

weighted-average price financial

"The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions..."

Stock Option (Right to Buy) financial

"Security title listed as Stock Option (Right to Buy) with underlying common stock shares."

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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/19/2026		M(1)		144,650	A	$8.88	182,696(2)	D
Common Stock	05/19/2026		S(1)		134,378	D	$175.382(3)	48,318(2)	D
Common Stock	05/19/2026		S(1)		10,272	D	$176.296(4)	38,046(2)	D
Common Stock								16,300	I	Trust(5)
Common Stock								78,893	I	Trust(6)
Common Stock								56,331	I	Trust(7)
Common Stock								56,331	I	Trust(8)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$8.88	05/19/2026		M(1)			144,650	(9)	05/28/2029	Common Stock	144,650	$0	6,392,005	D

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 $175.000 to $175.990, 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 $176.000 to $176.860, inclusive.

5. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.

6. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.

7. 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.

8. 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.

9. The stock option is fully vested.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	05/20/2026
	** Signature of Reporting Person	Date
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)

FAQ

What insider transactions did Frank Slootman report for Snowflake (SNOW)?

Frank Slootman reported exercising options for 144,650 Snowflake shares and selling 144,650 shares. He exercised stock options at $8.88 per share, then sold the same number of common shares in open-market trades around $175–$177 per share on May 19, 2026.

At what prices did Frank Slootman sell Snowflake (SNOW) shares in this Form 4?

He reported weighted-average sale prices of $175.382 and $176.296 per Snowflake share. The filing notes these were averages of multiple trades, with price ranges of $175.000–$175.990 and $176.000–$176.860, respectively, across separate open-market transactions.

What stock option did Frank Slootman exercise in the Snowflake (SNOW) Form 4?

He exercised a fully vested stock option for 144,650 Snowflake shares at $8.88 per share. The derivative entry describes a Stock Option (Right to Buy) with an exercise price of $8.88 and an expiration date of May 28, 2029, relating to common stock.

Were Frank Slootman’s Snowflake (SNOW) trades under a Rule 10b5-1 plan?

Yes. The filing states the exercise and sales were executed under a Rule 10b5-1 trading plan. The plan was adopted on September 19, 2025, indicating the transactions were pre-scheduled rather than newly decided at the time of trading.

Does Frank Slootman hold Snowflake (SNOW) shares indirectly through trusts?

Yes. The Form 4 shows multiple indirect holdings through family and grantor retained annuity trusts. These include the Slootman Grandchildren's Trust, a 2023 Children's Trust, and 2024 Grantor Retained Annuity Trusts where he or his spouse serves as trustee.