Form 4: Snowflake Director Frank Slootman Sells Shares

Snowflake Director Frank Slootman reported the sale of 1,993 shares under a 10b5-1 plan and the withholding of 777 shares for tax obligations.

Summary

• Frank Slootman, a Director at Snowflake Inc. (SNOW), reported transactions involving the company's common stock.
• On December 8, 2025, 777 shares were disposed of at a price of $228.79 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.
• On December 9, 2025, 1,993 shares were sold at a price of $223.31 per share pursuant to a Rule 10b5-1 trading plan adopted on March 26, 2025.
• Following these transactions, Frank Slootman directly beneficially owns 150,456 shares of Snowflake common stock.
• The filing also details changes in indirect beneficial ownership due to distributions from Grantor Retained Annuity Trusts (GRATs) to the Slootman Living Trust, reflecting estate planning activities.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, including a pre-scheduled sale under a 10b5-1 plan and tax withholding, along with estate planning related trust distributions. These are generally neutral events and do not indicate a positive or negative sentiment regarding the company's performance or outlook.

Negatives

• The sale of 1,993 shares by a director, even under a pre-arranged 10b5-1 plan, represents a reduction in insider ownership.

Future Outlook

NA

Industry Context

This Form 4 filing reports routine insider transactions, including sales under a pre-arranged 10b5-1 trading plan and shares withheld for tax obligations. Such transactions are common for executives and directors of publicly traded companies like Snowflake and do not inherently reflect specific industry trends or competitive positioning.

Related Party Transactions

• Distributions of 34,727 shares each from the F. Slootman 2024 Grantor Retained Annuity Trust and the B. Slootman 2024 Grantor Retained Annuity Trust to the Slootman Living Trust, all of which involve entities where the Reporting Person or their spouse serves as a trustee, are considered related party transactions for estate planning purposes.

Stakeholder Impact

• Shareholders: The sale of shares by a director, even if pre-scheduled, slightly reduces insider ownership. However, the volume is relatively small compared to total outstanding shares and the director's overall holdings, suggesting minimal direct impact.
• Employees, Customers, Suppliers, Creditors: These routine insider transactions are unlikely to have any direct or material impact on these stakeholder groups.

Key Dates

Keywords

Snowflake, SNOW, Form 4, Insider Trading, Stock Sale, Frank Slootman, Director, 10b5-1 Plan, Restricted Stock Units, Tax Withholding