Snowflake Director Frank Slootman Files Form 144 to Sell $2.61M in Common Stock
Snowflake Inc.
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Filing Summary
{
"title": "Snowflake Inc. (SNOW) - Form 144 Notice of Proposed Sale",
"color": 3447003,
"fields": [
{
"name": "Insider",
"value": "Frank Slootman (Director)",
"inline": true
},
{
"name": "Shares to Sell",
"value": "8,191",
"inline": true
},
{
"name": "Market Value",
"value": "$2,608,915.41",
"inline": true
},
{
"name": "Approx. Sale Date",
"value": "2026-09-16",
"inline": true
},
{
"name": "Source / Acquisition",
"value": "Restricted Stock Vesting (09/15/2026)",
"inline": true
},
{
"name": "Trading Plan",
"value": "Rule 10b5-1 adopted on 09/19/2025",
"inline": true
}
]
}
Comprehensive Analysis
Executive Summary
On September 16, 2026, Frank Slootman, Director of Snowflake Inc. (NYSE: SNOW), filed a Form 144 notice proposing the sale of 8,191 shares of Common Stock with an estimated aggregate market value of $2,608,915.41 (~$318.51 per share).
Transaction Details
- Filer: Frank Slootman (Director)
- Shares Proposed for Sale: 8,191
- Aggregate Market Value: $2,608,915.41
- Approximate Date of Sale: September 16, 2026
- Acquisition Origin: Acquired on September 15, 2026, via restricted stock vesting as equity compensation.
- Broker: Fidelity Brokerage Services LLC
- Trading Plan: Executed pursuant to a Rule 10b5-1 trading plan adopted on September 19, 2025.
Historical Context & Prior Sales
Over the past three months, Slootman has executed several planned dispositions under his trading plan, including:
- June 2026: Disposed of ~308,066 shares for total gross proceeds exceeding $71.9M.
- July 2026: Disposed of 300,000 shares for total gross proceeds of ~$82.3M.
- August 2026: Disposed of 300,000 shares for total gross proceeds of ~$97.4M.
This specific transaction involves shares freshly vested on September 15, 2026, consistent with routine post-vesting equity disposition patterns.
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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.