Form 4: Snowflake Director Frank Slootman Sells Shares

Snowflake Director Frank Slootman reported the sale of 7,728 shares under a 10b5-1 plan and the withholding of 1,783 shares for tax obligations.

Summary

• Frank Slootman, a Director at Snowflake Inc., reported transactions involving the company's common stock.
• On December 15, 2025, 1,783 shares were disposed of at $217.93 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.
• On December 16, 2025, 7,728 shares were sold at $212.45 per share. This sale was executed pursuant to a Rule 10b5-1 trading plan adopted on March 26, 2025.
• Following these transactions, Mr. Slootman directly beneficially owns 140,945 shares of common stock.
• Mr. Slootman also indirectly beneficially owns 789,976 shares through various trusts and an LLC, bringing his total beneficial ownership to 930,921 shares.

Sentiment

Score: 5

Explanation: The transactions are routine insider disclosures, with a sale executed under a pre-planned 10b5-1 program and shares withheld for tax obligations. These are neutral events that do not indicate a significant positive or negative sentiment regarding the company's performance or outlook.

Positives

• The sale of 7,728 shares was conducted under a pre-arranged 10b5-1 trading plan, indicating a planned transaction rather than an immediate reaction to market conditions.

Negatives

• A total of 9,511 shares were disposed of (1,783 for tax, 7,728 sold), reducing direct beneficial ownership.

Industry Context

This filing is a routine disclosure of insider transactions and does not provide broader industry context. It reflects an individual director's equity management rather than company-wide strategic or operational developments.

Related Party Transactions

• Indirect beneficial ownership is reported through Invisible Hand Ventures, LLC, and several family trusts (Slootman Living Trust, Slootman Grandchildren's Trust, Slootman 2023 Children's Trust, F. Slootman 2024 Grantor Retained Annuity Trust, B. Slootman 2024 Grantor Retained Annuity Trust), where the reporting person or their spouse serves as trustee or manager.

Stakeholder Impact

• Shareholders: The sale of shares by a director, even under a 10b5-1 plan, slightly increases the float and could be perceived by some as a lack of confidence, though the pre-planned nature mitigates this. The overall impact is minimal given the total shares outstanding.

Key Dates

Recommendation

The reported transactions are routine insider disclosures, consisting of a pre-planned sale under a 10b5-1 program and shares withheld for tax obligations. These actions do not reflect a change in the company's fundamentals or a new strategic direction. As such, they do not provide a basis for altering an existing investment thesis, leading to a 'hold' recommendation for investors who already own the stock.

Keywords

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