Snowflake Director Frank Slootman Sells $2.61M in Stock via Rule 10b5-1 Plan
Snowflake Inc.
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Filing Summary
š Insider Sale Alert: Snowflake Inc. ($SNOW)
š¤ Insider: Frank Slootman (Director) š Action: Sold 8,191 shares at $318.51 š° Total Value: $2,608,915.41 š Direct Shares Remaining: 19,024 š Rule 10b5-1 Plan: Yes (Adopted Sept 19, 2025) ā¹ļø Note: Also reported 1,320 shares withheld for taxes ($438.7K) on Sept 15, 2026. Trust holdings total 210,029 indirect shares.
Comprehensive Analysis
Executive Summary
On September 16, 2026, Frank Slootman, Director and former CEO of Snowflake Inc. ($SNOW), executed an open-market sale of 8,191 shares of Common Stock at a price of $318.51 per share, generating gross proceeds of approximately $2,608,915.41.
In addition to the open-market sale, the Form 4 reflects two tax-withholding dispositions on September 15, 2026, totaling 1,320 shares at $332.35 per share ($438,702.00) to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
Transaction Breakdown
| Date | Transaction Type | Shares | Price / Share | Total Value | Ownership Form |
|---|---|---|---|---|---|
| 2026-09-15 | Tax Withholding (F) | 815 | $332.35 | $270,865.25 | Direct |
| 2026-09-15 | Tax Withholding (F) | 505 | $332.35 | $167,836.75 | Direct |
| 2026-09-16 | Open Market Sale (S) | 8,191 | $318.51 | $2,608,915.41 | Direct |
Post-Transaction Holdings
- Direct Ownership: 19,024 shares (includes unvested RSUs).
- Indirect Ownership (Trusts): 210,029 shares
- Slootman Living Trust: 2,174 shares
- Slootman Grandchildren's Trust: 16,300 shares
- Slootman 2023 Children's Trust: 78,893 shares
- F. Slootman 2024 GRAT: 56,331 shares
- B. Slootman 2024 GRAT: 56,331 shares
Key Context & Market Interpretation
- Pre-Arranged 10b5-1 Plan: The open-market sale was conducted pursuant to a Rule 10b5-1 trading plan adopted on September 19, 2025, indicating the trade was scheduled well in advance and not driven by recent material non-public information.
- Significance: Medium. While the transaction value exceeds $2.6M, the transaction represents routine portfolio management under an established 10b5-1 plan, and the reporting person retains substantial exposure through indirect trust holdings exceeding 210,000 shares.
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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.
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