Snowflake director Slootman sells 2,042 shares
Snowflake Inc. director Frank Slootman reported an open-market sale of 2,042 shares of Common Stock at $182.44 per share.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,042 | $182.44 | $373K |
| Exercise Price or Tax Liability | Common Stock | 729 | $180.48 | $132K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (7)
- 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. The shares are held by the Slootman Grandchildren's Trust dated 7/28/2022 for which the Reporting Person is a trustee.
- F5. The shares are held by the Slootman 2023 Children's Trust dated 9/25/2023 for which the Reporting Person is a trustee.
- F6. 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.
- F7. 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.
FAQ
What did Snowflake (SNOW) director Frank Slootman report in this Form 4?
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