Form 4: Snowflake Director Gifts 672K Shares to Charity, Trusts

Snowflake Director Frank Slootman reported gifting 672,737 shares of common stock to a charitable foundation and various family trusts.

Summary

• Frank Slootman, a Director of Snowflake Inc. (SNOW), reported the disposition of 672,737 shares of Snowflake Common Stock.
• The transactions occurred on December 15, 2025, and were classified as gifts (Transaction Code 'G') with a price of $0 per share.
• A total of 90,616 shares were transferred directly to the Slootman Family Foundation, a charitable entity where Mr. Slootman retains voting and investment power but has no pecuniary interest.
• An additional 6,384 shares were disposed of from Invisible Hand Ventures, LLC, an entity managed by Mr. Slootman.
• A substantial 575,737 shares were disposed of from the Slootman Living Trust, for which Mr. Slootman is a trustee.
• Following these transactions, Mr. Slootman directly beneficially owns 50,329 shares, which includes shares to be issued from restricted stock units.
• The filing indicates these transactions were made pursuant to a Rule 10b5-1(c) plan, signifying a pre-arranged disposition strategy.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a large number of shares were disposed of, the nature of the disposition as a gift to charitable and family trusts, often pre-planned, typically does not carry negative implications for the company's operational or financial health. It reflects personal financial and philanthropic planning by a key insider.

Positives

• The disposition of shares represents gifts to a charitable foundation and family trusts, rather than sales on the open market, indicating philanthropic and estate planning.
• The transactions were executed under a Rule 10b5-1(c) plan, demonstrating a pre-planned and structured approach to share transfers.

Negatives

• A significant reduction in direct beneficial ownership by a key director, although this is mitigated by the nature of the transfers to entities where he often retains some control or influence.

Industry Context

This insider transaction report reflects an individual director's personal financial planning and philanthropic activities, rather than a broader industry trend or competitive action. Such pre-planned gifts are common among high-net-worth individuals for estate planning and charitable purposes.

Related Party Transactions

• Transfer of shares to the Slootman Family Foundation, a charitable entity where the reporting person has voting and investment power.
• Transfer of shares to Invisible Hand Ventures, LLC, where the reporting person is the manager.
• Transfer of shares to the Slootman Living Trust, Slootman Grandchildren's Trust, Slootman 2023 Children's Trust, F. Slootman 2024 Grantor Retained Annuity Trust, and B. Slootman 2024 Grantor Retained Annuity Trust, all of which are family trusts where the reporting person or their spouse acts as trustee.

Stakeholder Impact

• Shareholders: Minimal direct impact as the shares were gifted, not sold on the open market, and the overall float remains unchanged. It signals a long-term philanthropic and estate planning strategy by a key insider.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Key Dates

Keywords

Snowflake, SNOW, Frank Slootman, Insider Transaction, Form 4, Stock Gift, Charitable Giving, Trusts, Beneficial Ownership