Form 4: Snowflake Director Frank Slootman Trades Shares
Statement of Changes in Beneficial Ownership
Snowflake Inc. Director Frank Slootman executed a pre-planned sale of 100 shares of common stock.
Summary
- Frank Slootman, a Director at Snowflake Inc., reported a transaction involving 100 shares of common stock on June 26, 2026.
- This transaction was part of a pre-established 10b5-1 trading plan.
- The sale involved 100 shares at a price of $250 per share, resulting in a disposition of $25,000.
- Additionally, 100 shares were acquired at a price of $8.88 per share, totaling $888, as part of the same plan.
- Following these transactions, Slootman beneficially owns 28,535 direct shares and an additional 16,300, 78,893, 56,331, and 56,331 shares indirectly through various trusts.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it represents a routine transaction executed under a pre-arranged trading plan without significant implications for the company's financial health or strategic direction.
Positives
- The transaction was executed under a Rule 10b5-1 trading plan, indicating pre-planned and potentially less market-impactful trading activity.
- The acquisition of 100 shares at $8.88 suggests a favorable entry price for a portion of the transaction within the plan.
Negatives
- A sale of 100 shares at $250 per share represents a disposition of company stock by a director.
Future Outlook
The filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that insider transactions, particularly those under 10b5-1 plans, are common for executives and directors to manage personal finances while adhering to trading regulations. The specific details of this transaction, including the acquisition and sale prices, provide insight into the director's personal trading strategy within the established plan.
Stakeholder Impact
- Shareholders: The transaction is part of a pre-planned trading strategy and involves a small number of shares, thus unlikely to have a significant impact on the share price or overall market perception.
Key Dates
| Date | Description |
|---|---|
| 09/19/2025 | Date the 10b5-1 trading plan was adopted by the Reporting Person. |
| 06/26/2026 | Transaction Date for the acquisition and sale of common stock. |
| 05/28/2029 | Expiration date of the stock option. |
| 06/29/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Snowflake Inc., SNOW, Form 4, Insider Trading, 10b5-1 Plan, Stock Transaction, Director, Beneficial Ownership
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