Form 4: Frank Slootman Executes Snowflake Stock Option Plan

Former Snowflake executive Frank Slootman exercised 162,924 stock options and sold a portion of the resulting shares under a 10b5-1 trading plan.

Summary

• Frank Slootman exercised 162,924 stock options at an exercise price of $8.88 per share.
• Following the exercise, 162,924 shares were sold in multiple transactions on June 1, 2026.
• The sales occurred at weighted-average prices ranging from $258.932 to $268.006 per share.
• The transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted on September 19, 2025.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transactions were pre-planned and represent routine portfolio management by an insider.

Positives

• The transaction was pre-planned under a 10b5-1 plan, indicating the sales were not based on sudden non-public information.
• The exercise of options demonstrates long-term alignment with the company's historical growth.

Negatives

• The reporting person reduced their direct beneficial ownership of Snowflake common stock through these sales.

Risks

• Continued selling by major insiders can sometimes create downward pressure on share price sentiment.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Industry Context

StockSavvy.ai notes that insider selling via 10b5-1 plans is a standard practice for executives to manage personal liquidity and tax obligations, and is generally viewed as neutral by the market when pre-arranged.

Comparison to Industry Standards

• The use of 10b5-1 plans is the industry standard for corporate insiders to avoid allegations of insider trading.
• The scale of the sale is consistent with typical executive compensation liquidation patterns for high-growth technology firms.

Stakeholder Impact

• Shareholders should note the reduction in direct holdings by the reporting person, though the use of a 10b5-1 plan mitigates concerns regarding market timing.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Snowflake, SNOW, Insider Trading, Frank Slootman, Stock Options, 10b5-1