Snowflake director sells 50K shares after exercise
Snowflake Inc. (SNOW) reported that director Mark Garrett exercised stock options for 50,000 shares of common stock on September 4, 2026 at an exercise price of $3.74 per share, then sold 50,000 shares of common stock at $350.00 per share the same day.
Rhea-AI Filing Summary
Snowflake Inc. (SNOW) reported that director Mark Garrett exercised stock options for 50,000 shares of common stock on September 4, 2026 at an exercise price of $3.74 per share, then sold 50,000 shares of common stock at $350.00 per share the same day. After the option exercise, he held 350,000 stock options directly, and additional common shares are held indirectly through family trusts for which his children are beneficiaries. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 50,000 shares ($17.31M approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
GARRETT MARK
Role
Director
Sold
50,000 shs ($17.50M)
Approx. gross sale proceeds
$17.50M
Approx. exercise cost
$187K
Approx. pre-tax spread
$17.31M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F6 | 50,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 50,000 | $3.74 | $187K |
| Sale | Common Stock F1 | 50,000 | $350.00 | $17.50M |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 350,000 contracts (Direct);
Common Stock — 10,074 shares (Direct);
Common Stock — 121,010 shares (Indirect, Trust)
Footnotes (6)
- F1. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F2. The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Lee A. Garrett for which the Reporting Person's child is the beneficiary.
- F3. The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith for which the Reporting Person's child is the beneficiary.
- F4. The shares are held by the Mark Garrett 2011 Irrevocable Trust FBO Lee A. Garrett for which the Reporting Person's child is the beneficiary.
- F5. The shares are held by the Mark Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith for which the Reporting Person's child is the beneficiary.
- F6. The stock option is fully vested.
Key Figures
Options exercised: 50,000 shares
Option exercise price: $3.74 per share
Shares sold: 50,000 shares
+3 more
6 metrics
Options exercised
50,000 shares
Stock options for Snowflake common stock exercised on September 4, 2026
Option exercise price
$3.74 per share
Exercise price for 50,000 Snowflake common shares on September 4, 2026
Shares sold
50,000 shares
Snowflake common stock sold on September 4, 2026
Sale price
$350.00 per share
Price for the sale of 50,000 Snowflake common shares on September 4, 2026
Options held after transaction
350,000 options
Stock options for Snowflake common stock held directly after the reported exercise
Option expiration date
April 14, 2028
Expiration date of the exercised Snowflake stock option
Key Terms
restricted stock units, Irrevocable Trust, beneficiary
3 terms
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.
Irrevocable Trust financial
"The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Lee A. Garrett"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
beneficiary financial
"for which the Reporting Person's child is the beneficiary."
FAQ
What did Snowflake (SNOW) director Mark Garrett do in this Form 4 filing?
He exercised stock options for 50,000 shares of Snowflake common stock at $3.74 per share and then sold 50,000 shares at $350.00 per share on September 4, 2026.
How many Snowflake (SNOW) options does Mark Garrett hold after these transactions?
Following the option exercise reported, Mark Garrett held 350,000 stock options for Snowflake common stock directly as of September 4, 2026.
At what prices were Mark Garrett’s Snowflake (SNOW) transactions executed?
The options were exercised at an exercise price of $3.74 per share, and the 50,000 Snowflake common shares received were sold at $350.00 per share on September 4, 2026.
Were Mark Garrett’s Snowflake (SNOW) transactions under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that these Snowflake transactions were not made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
