Snowflake Director Slootman Sells $372k in Stock via 10b5-1 Plan
Snowflake Inc.
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Filing Summary
Snowflake Director Slootman Sells $372k in Stock via 10b5-1 Plan
Company: Snowflake Inc. (SNOW) Form: 4 | Filed: 2026-03-11 Significance: Low
Insider: Slootman Frank Title: Director | Relationship: Director
Transaction (Open Market Sale): • Type: Sale (10b5-1 Plan) • Shares: 2,042 • Price: $182.44 • Value: $372,542 • Owned After: 47,558 (Direct)
Key Insight: Routine sale under a pre-arranged 10b5-1 trading plan. Transaction represents <0.001% of market cap.
Market Context: Transaction is negligible relative to the company's $61.76B market cap.
Comprehensive Analysis
SEC Filing Analysis: Snowflake Inc. (SNOW)
Executive Summary
- Trading Significance: Low
- Key Takeaway: Director Frank Slootman executed a routine sale of ~$372k under a 10b5-1 plan, alongside a tax withholding transaction.
- Market Impact: Neutral - Transaction size is immaterial relative to market capitalization.
Company Information
| Field | Value |
|---|---|
| Company | Snowflake Inc. |
| Ticker Symbol | SNOW |
| CIK | 0001640147 |
| Industry | Services-Prepackaged Software |
Insider Information
| Field | Value |
|---|---|
| Name | Slootman Frank |
| CIK | 0001402348 |
| Title/Position | Director |
| Relationship | Director |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-03-10 |
| Transaction Code | S (Sale) |
| Security Type | Common Stock |
| Shares Involved | 2,042 |
| Price Per Share | $182.44 |
| Total Value | $372,542.48 |
| Shares Owned After | 47,558 (Direct) |
| Ownership Type | Direct |
Note: Filing also includes a Code F transaction (Tax Withholding) of 729 shares at $180.48 on 2026-03-09.
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $372,542 |
| % of Market Cap | 0.0006% |
| Shares Transacted | 2,042 |
| % of Shares Outstanding | 0.0006% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: With a market cap of $61.76 billion, a $372k transaction is mathematically negligible.
- Ownership Concentration: The insider retains significant indirect holdings via trusts (approx. 207,000 shares) in addition to direct holdings.
- Transaction Significance: The sale represents a tiny fraction of both the company's value and the insider's total net worth/holdings.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The volume is too low to impact price action, and the use of a 10b5-1 plan removes signal value regarding current sentiment.
Volume & Sentiment
- Expected Volume Impact: None.
- Sentiment Indicator: Neutral.
Additional Context
Transaction Notes
- Special Circumstances: The sale was effected pursuant to a 10b5-1 trading plan adopted on September 19, 2025. This indicates the sale was pre-planned and not a reaction to current market events.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.