Director Frank Slootman trims Snowflake (SNOW) stake with 2,042-share sale

Rhea-AI Filing Summary

Snowflake Inc. director Frank Slootman reported an open-market sale of 2,042 shares of Common Stock at $182.44 per share. After this sale on March 10, 2026, he directly held 47,558 shares. The filing notes that the sale was executed under a Rule 10b5-1 trading plan adopted on September 19, 2025, indicating it was pre-arranged.

On March 9, 2026, 729 shares were disposed of at $180.48 per share to satisfy tax withholding obligations tied to the vesting of restricted stock units, rather than a market sale. In addition to his direct holdings, Slootman is trustee or related party for several family trusts that collectively hold additional Snowflake shares on behalf of beneficiaries.

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 CA 94025

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/09/2026		F(1)		729	D	$180.48	49,600(2)	D
Common Stock	03/10/2026		S(3)		2,042	D	$182.44	47,558(2)	D
Common Stock								16,300	I	Trust(4)
Common Stock								78,893	I	Trust(5)
Common Stock								56,331	I	Trust(6)
Common Stock								56,331	I	Trust(7)

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

Explanation of Responses:

1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.

2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.

3. 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.

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

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

6. 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.

7. 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.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	03/11/2026
	** 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.

FAQ

What did Snowflake (SNOW) director Frank Slootman report in this Form 4?

Frank Slootman reported an open-market sale of 2,042 Snowflake shares at $182.44 each and a separate tax-related share disposition. Following these transactions, he held 47,558 shares directly, plus additional indirect holdings through several family trusts.

How many Snowflake (SNOW) shares did Frank Slootman sell and at what price?

He sold 2,042 Snowflake Common Stock shares in an open-market transaction at $182.44 per share. This was a single sale reported for March 10, 2026, and was executed under a pre-arranged Rule 10b5-1 trading plan adopted in September 2025.

Were any of Frank Slootman’s Snowflake (SNOW) share disposals tax related?

Yes. On March 9, 2026, 729 Snowflake shares were withheld at $180.48 per share to cover tax obligations on restricted stock unit vesting. This tax-withholding disposition is not an open-market sale and reflects standard treatment of equity compensation.

How many Snowflake (SNOW) shares does Frank Slootman hold after these transactions?

After the reported March 10, 2026 sale, Slootman directly owns 47,558 Snowflake shares. The filing also lists additional indirect holdings through multiple family and grantor retained annuity trusts for which he or his spouse serves as trustee.

Was Frank Slootman’s Snowflake (SNOW) share sale made under a Rule 10b5-1 plan?

Yes. The filing explains that the 2,042-share sale was effected under a Rule 10b5-1 trading plan adopted on September 19, 2025. Such pre-arranged plans automate trades over time, helping separate routine portfolio management from discretionary market timing.

What indirect Snowflake (SNOW) holdings related to Frank Slootman are disclosed?

The Form 4 shows Snowflake shares held by several trusts, including grandchildren’s, children’s, and 2024 grantor retained annuity trusts. Slootman or his spouse serves as trustee, meaning these positions are reported as indirect holdings associated with him rather than direct personal ownership.