Snowflake Director Frank Slootman Files Form 144 to Sell $34.5M in Stock
Snowflake Inc.
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Filing Summary
{"title": "Snowflake Inc. (SNOW) - Form 144 Filing", "color": 15158332, "fields": [{"name": "Insider", "value": "Frank Slootman (Director)", "inline": true}, {"name": "Proposed Sale Value", "value": "$34,457,272.04", "inline": true}, {"name": "Shares", "value": "102,791", "inline": true}, {"name": "Est. Price Per Share", "value": "$335.22", "inline": true}, {"name": "Plan Adoption Date", "value": "09/19/2025", "inline": true}, {"name": "Broker", "value": "Fidelity Brokerage Services LLC", "inline": true}], "footer": {"text": "SEC Form 144 • Filing Date: 2026-09-21"}}
Comprehensive Analysis
Insider Filing Analysis: Snowflake Inc. (NYSE: SNOW)
Executive Summary
On September 21, 2026, Frank Slootman, Director and former CEO/Chairman of Snowflake Inc., filed Form 144 with the SEC detailing a notice of proposed sale of 102,791 shares of Snowflake Common Stock through Fidelity Brokerage Services LLC. The aggregate market value of the proposed transaction is $34,457,272.04 (~$335.22 per share).
Key Details
- Securities to be Sold: 102,791 Common shares.
- Aggregate Market Value: $34,457,272.04.
- Origin of Shares: Acquired via stock option exercise on September 21, 2026, paid in cash to the issuer.
- Trading Plan: The sale is pursuant to a Rule 10b5-1 trading plan adopted on September 19, 2025.
- Shares Outstanding Context: Snowflake had approximately 352,800,000 shares outstanding as of the filing date; this filing represents ~0.03% of shares outstanding.
Recent 3-Month Selling Activity
Mr. Slootman and associated entities have conducted extensive selling activity over the past 90 days under pre-arranged plans:
- Direct Sales (Frank Slootman):
- 06/26/2026: 100 shares ($25,000.00)
- 06/29/2026: 99,900 shares ($25,147,567.26)
- 07/20/2026: 289,685 shares ($79,486,058.81)
- 07/21/2026: 10,315 shares ($2,837,611.35)
- 08/18/2026: 251,010 shares ($81,710,089.37)
- 08/19/2026: 48,990 shares ($15,715,002.33)
- 09/16/2026: 8,191 shares ($2,608,915.41)
- 09/18/2026: 197,209 shares ($65,888,275.28)
- Indirect Sales (Slootman Family Foundation):
- 09/18/2026: 155,000 shares ($51,393,908.00)
Significance Assessment
- Significance Level: High
- While executed under a scheduled Rule 10b5-1 trading plan and originating from an option exercise, the cumulative liquidation volume across personal holdings and foundation accounts exceeds $350 million in the trailing three-month period, representing substantial ongoing insider distribution.
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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.