Form 4: Snowflake Director Frank Slootman Sells Over 7,000 Shares Under Pre-Arranged Trading Plan

Snowflake Inc. Director Frank Slootman reported the sale of 7,294 shares of Class A Common Stock and the withholding of 2,217 shares for tax obligations, all executed under a Rule 10b5-1 trading plan.

Summary

• Frank Slootman, a Director of Snowflake Inc. (SNOW), reported transactions involving Class A Common Stock.
• On June 16, 2025, a total of 2,217 shares were withheld (1,369 and 848 shares) to satisfy tax withholding obligations related to the vesting of restricted stock units, at a price of $208.18 per share.
• On June 17, 2025, a total of 7,294 shares were sold (4,504 and 2,790 shares) at a price of $208.00 per share.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Slootman on September 30, 2024.
• Following these transactions, Mr. Slootman directly beneficially owns 170,718 shares of Class A Common Stock.
• Additionally, Mr. Slootman indirectly beneficially owns 867,779 shares through various entities: 1,173 shares via Invisible Hand Ventures, LLC; 83,014 shares via the Slootman Family Foundation; 335,146 shares via the Slootman Living Trust; 250,030 shares via the Slootman 2023 Grantor Retained Annuity Trust; 16,300 shares via the Slootman Grandchildren's Trust; 91,058 shares via the B. Slootman 2024 Grantor Retained Annuity Trust; and 91,058 shares via the F. Slootman 2024 Grantor Retained Annuity Trust.
• The total beneficial ownership (direct and indirect) after these transactions is 1,038,497 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be perceived negatively, the fact that these sales were executed under a pre-arranged 10b5-1 plan mitigates any strong negative signal, indicating a planned financial management activity rather than a reaction to adverse company news.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and systematic approach to managing personal holdings rather than a reaction to new negative information.

Negatives

• The sale of 7,294 shares by a director represents a reduction in direct ownership, which could be perceived as a slight negative signal, although mitigated by the 10b5-1 plan.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide broader industry context or trends. It reflects an individual executive's personal financial planning rather than a strategic corporate move.

Related Party Transactions

• Frank Slootman indirectly beneficially owns shares through Invisible Hand Ventures, LLC, where he is the manager.
• Frank Slootman indirectly beneficially owns shares through the Slootman Family Foundation, for which he is deemed to have voting and investment power.
• Frank Slootman indirectly beneficially owns shares through the Slootman Living Trust, the Slootman 2023 Grantor Retained Annuity Trust, and the Slootman Grandchildren's Trust, for which he is a trustee.
• Frank Slootman indirectly beneficially owns shares through the B. Slootman 2024 Grantor Retained Annuity Trust, for which his spouse is the trustee.
• Frank Slootman indirectly beneficially owns shares through the F. Slootman 2024 Grantor Retained Annuity Trust, for which he is the trustee.

Stakeholder Impact

• Shareholders: The sale of shares by a director, even under a 10b5-1 plan, slightly increases the public float and could be interpreted as a minor signal regarding insider confidence, though its impact is generally limited for pre-scheduled sales.
• Employees, Customers, Suppliers, Creditors: This filing has no direct impact on these stakeholders as it pertains solely to an individual's stock transactions and not the company's operations, financial health, or strategic direction.

Key Dates

Recommendation

Keywords

Snowflake Inc., SNOW, Frank Slootman, SEC Form 4, Insider Trading, Stock Sale, Rule 10b5-1 Plan, Beneficial Ownership, Restricted Stock Units, Tax Withholding