Form 4: Snowflake Director Frank Slootman Exercises, Sells Shares

Snowflake Director Frank Slootman executed a pre-planned exercise of stock options and subsequent sale of 200,000 common shares.

Summary

• Frank Slootman, a Director at Snowflake Inc., executed a pre-arranged transaction on January 20, 2026, under a Rule 10b5-1 trading plan adopted on September 19, 2025.
• The transaction involved the exercise of 200,000 stock options at an exercise price of $8.88 per share.
• Concurrently, 200,000 shares of common stock were sold in multiple transactions at weighted-average prices ranging from $205.457 to $209.199 per share.
• Following these transactions, Mr. Slootman directly owns 50,329 shares of common stock.
• He indirectly owns 207,855 shares through various trusts: 16,300 shares via the Slootman Grandchildren's Trust, 78,893 shares via the Slootman 2023 Children's Trust, 56,331 shares via the B. Slootman 2024 Grantor Retained Annuity Trust, and 56,331 shares via the F. Slootman 2024 Grantor Retained Annuity Trust.
• Mr. Slootman also beneficially owns 6,736,655 derivative securities (stock options), which include 41,291 shares subject to an incentive stock option converted into a nonqualified stock option.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned insider transaction (exercise and sale of stock options) under a 10b5-1 plan. This type of transaction is generally considered neutral as it reflects executive compensation and personal financial management rather than a discretionary action based on new company performance information.

Positives

• The transactions were executed under a pre-established Rule 10b5-1 trading plan, indicating a planned, non-discretionary sale rather than a reactive one.
• The sale prices for the common stock were significantly higher than the exercise price of the options ($8.88), demonstrating substantial gains for the reporting person.

Negatives

• The sale of 200,000 shares by a director, even if pre-planned, represents a reduction in direct insider ownership.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details a routine insider transaction (exercise and sale of stock options) by a director. Such transactions are common across industries for executive compensation and personal financial planning, especially when executed under a Rule 10b5-1 plan, which aims to mitigate concerns about trading on material non-public information.

Related Party Transactions

• Shares are held by the Slootman Grandchildren's Trust dated 7/28/2022, for which the Reporting Person is a trustee (16,300 shares).
• Shares are held by the Slootman 2023 Children's Trust dated 9/25/2023, for which the Reporting Person is a trustee (78,893 shares).
• Shares are held by the B. Slootman 2024 Grantor Retained Annuity Trust dated 12/3/2024, for which the Reporting Person's spouse is the trustee (56,331 shares).
• Shares are held by the F. Slootman 2024 Grantor Retained Annuity Trust dated 12/3/2024, for which the Reporting Person is the trustee (56,331 shares).

Stakeholder Impact

• Shareholders: The sale of shares by a director, even if pre-planned, slightly reduces insider ownership, which some investors might view with caution, though the overall impact is minimal given the routine nature of the transaction.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Snowflake, SNOW, Frank Slootman, Insider Trading, Form 4, Stock Options, Share Sale, 10b5-1 Plan