Form 4 | Snowflake Inc. Director Frank Slootman exercised options for 162,924 shares and sold 150,979 shares of common stock
Filings Track
Jun 04
According to the latest Form 4 filing, Snowflake Inc. (SNOW) director Frank Slootman exercised stock options with an exercise price of $8.88 on June 1, 2026, acquiring 162,924 shares of common stock (transaction code M). On the same date, he executed multiple open‑market sales totaling approximately 150,979 shares of common stock (transaction code S), at weighted average prices ranging from about $258.9 to $268.0 per share, under a pre‑arranged Rule 10b5‑1 trading plan adopted on September 19, 2025. Following these transactions, Slootman continues to hold roughly 45,476 shares directly, in addition to indirect holdings through several trusts. Overall, this represents a typical option exercise and related share sale by an insider. While insider selling can be interpreted as a modestly negative signal, the use of a 10b5‑1 plan makes the informational content more neutral. Investors should consider these trades alongside Snowflake’s fundamentals and subsequent disclosures.
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