Form 4: Snowflake Director Frank Slootman Reports Acquisition of Over 5,000 Shares Through Fund Distribution

Snowflake Inc. Director Frank Slootman reported an acquisition of 5,211 Class A Common Stock shares on June 23, 2025, through a pro rata distribution from a fund, increasing his total beneficial ownership.

Summary

• Frank Slootman, a Director of Snowflake Inc. (SNOW), reported a change in beneficial ownership of Class A Common Stock.
• On June 23, 2025, Mr. Slootman acquired 5,211 shares of Class A Common Stock at a price of $0 per share.
• This acquisition was part of a pro rata distribution by a fund in which Invisible Hand Ventures, LLC is a limited partner, and Mr. Slootman is the manager with sole voting and dispositive power.
• Following this transaction, Mr. Slootman's direct beneficial ownership stands at 165,507 shares, which includes shares to be issued from restricted stock unit vesting.
• His indirect beneficial ownership includes 6,384 shares held by Invisible Hand Ventures, LLC, 83,014 shares by the Slootman Family Foundation, 335,146 shares by the Slootman Living Trust, 250,030 shares by the Slootman 2023 Grantor Retained Annuity Trust, 16,300 shares by the Slootman Grandchildren's Trust, 91,058 shares by the F. Slootman 2024 Grantor Retained Annuity Trust, and 91,058 shares by the B. Slootman 2024 Grantor Retained Annuity Trust.
• The total beneficial ownership reported by Mr. Slootman, combining direct and indirect holdings, is 1,038,495 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates an increase in a director's beneficial ownership, even if through a distribution rather than a direct market purchase. This generally aligns the insider's interests with shareholders.

Positives

• The acquisition of 5,211 shares, even through a distribution, indicates an increase in the director's overall beneficial ownership, potentially signaling continued alignment with shareholder interests.
• The transaction at $0 per share suggests a non-cash acquisition, such as a distribution or vesting, rather than a market purchase, which can be a positive for the insider's personal financial position.

Future Outlook

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

Industry Context

This insider transaction report for Snowflake Inc. is a routine disclosure required by the SEC for changes in beneficial ownership by company insiders. It does not provide broader industry context or trends, but it is part of the ongoing transparency expected from publicly traded companies in the technology and cloud data platform sector.

Related Party Transactions

• The acquisition of 5,211 shares was a pro rata distribution from a fund (Invisible Hand Ventures, LLC) where the Reporting Person (Frank Slootman) is the manager and has sole voting and dispositive power.
• Significant indirect holdings are reported through various family trusts and foundations (Slootman Family Foundation, Slootman Living Trust, Slootman 2023 Grantor Retained Annuity Trust, Slootman Grandchildren's Trust, F. Slootman 2024 Grantor Retained Annuity Trust, B. Slootman 2024 Grantor Retained Annuity Trust), indicating structured family wealth management.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership, even through a distribution, may be viewed positively as it suggests continued alignment of interests between management and shareholders.

Key Dates

Keywords

Snowflake Inc., SNOW, Frank Slootman, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Acquisition, Director Holdings, Equity Securities, Cloud Data Platform