Form 4: Snowflake Director Sells Shares
Insider Transaction (Form 4)
Frank Slootman, a Director of Snowflake Inc., sold 300,000 shares of common stock on August 18, 2026.
Summary
- Option exercise/conversion: acquired 251,010 Common Stock at $8.88 ($2,228,969) on August 18, 2026; holds 279,545 after (Direct).
- Open-market sale: disposed of 11,046 Common Stock at $322.09 ($3,557,806) on August 18, 2026; holds 268,499 after (Direct).
- Open-market sale: disposed of 40,412 Common Stock at $323.24 ($13,062,937) on August 18, 2026; holds 228,087 after (Direct).
- Open-market sale: disposed of 61,332 Common Stock at $324.10 ($19,877,640) on August 18, 2026; holds 166,755 after (Direct).
- Open-market sale: disposed of 42,537 Common Stock at $325.06 ($13,827,247) on August 18, 2026; holds 124,218 after (Direct).
- Open-market sale: disposed of 46,307 Common Stock at $325.96 ($15,094,137) on August 18, 2026; holds 77,911 after (Direct).
- Open-market sale: disposed of 9,137 Common Stock at $327.20 ($2,989,626) on August 18, 2026; holds 68,774 after (Direct).
- Open-market sale: disposed of 6,594 Common Stock at $328.07 ($2,163,327) on August 18, 2026; holds 62,180 after (Direct).
- Open-market sale: disposed of 3,968 Common Stock at $329.01 ($1,305,500) on August 18, 2026; holds 58,212 after (Direct).
- Open-market sale: disposed of 12,003 Common Stock at $330.34 ($3,965,119) on August 18, 2026; holds 46,209 after (Direct).
- Open-market sale: disposed of 10,586 Common Stock at $331.35 ($3,507,618) on August 18, 2026; holds 35,623 after (Direct).
- Open-market sale: disposed of 4,030 Common Stock at $332.42 ($1,339,653) on August 18, 2026; holds 31,593 after (Direct).
- Open-market sale: disposed of 3,058 Common Stock at $333.37 ($1,019,452) on August 18, 2026; holds 28,535 after (Direct).
- Option exercise/conversion: acquired 48,990 Common Stock at $8.88 ($435,031) on August 19, 2026; holds 77,525 after (Direct).
- Open-market sale: disposed of 12,662 Common Stock at $319.06 ($4,040,001) on August 19, 2026; holds 64,863 after (Direct).
- Open-market sale: disposed of 18,023 Common Stock at $319.98 ($5,766,927) on August 19, 2026; holds 46,840 after (Direct).
- Open-market sale: disposed of 4,259 Common Stock at $320.89 ($1,366,662) on August 19, 2026; holds 42,581 after (Direct).
- Open-market sale: disposed of 3,988 Common Stock at $321.99 ($1,284,088) on August 19, 2026; holds 38,593 after (Direct).
- Open-market sale: disposed of 3,711 Common Stock at $322.88 ($1,198,197) on August 19, 2026; holds 34,882 after (Direct).
- Open-market sale: disposed of 3,895 Common Stock at $324.13 ($1,262,479) on August 19, 2026; holds 30,987 after (Direct).
- Open-market sale: disposed of 2,392 Common Stock at $324.88 ($777,101) on August 19, 2026; holds 28,595 after (Direct).
- Open-market sale: disposed of 60 Common Stock at $325.82 ($19,549) on August 19, 2026; holds 28,535 after (Direct).
- Option exercise/conversion: disposed of 251,010 Stock Option (Right to Buy) on August 18, 2026; holds 4,485,645 after (Direct).
- Option exercise/conversion: disposed of 48,990 Stock Option (Right to Buy) on August 19, 2026; holds 4,436,655 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $97,425,065 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Frank Slootman — Director
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-18 | Option exercise/conversion | Common Stock | 251,010 | $9 | $2.2M | 279,545 |
| 2026-08-18 | Open-market sale | Common Stock | 11,046 | $322 | $3.6M | 268,499 |
| 2026-08-18 | Open-market sale | Common Stock | 40,412 | $323 | $13.1M | 228,087 |
| 2026-08-18 | Open-market sale | Common Stock | 61,332 | $324 | $19.9M | 166,755 |
| 2026-08-18 | Open-market sale | Common Stock | 42,537 | $325 | $13.8M | 124,218 |
| 2026-08-18 | Open-market sale | Common Stock | 46,307 | $326 | $15.1M | 77,911 |
| 2026-08-18 | Open-market sale | Common Stock | 9,137 | $327 | $3.0M | 68,774 |
| 2026-08-18 | Open-market sale | Common Stock | 6,594 | $328 | $2.2M | 62,180 |
| 2026-08-18 | Open-market sale | Common Stock | 3,968 | $329 | $1.3M | 58,212 |
| 2026-08-18 | Open-market sale | Common Stock | 12,003 | $330 | $4.0M | 46,209 |
| 2026-08-18 | Open-market sale | Common Stock | 10,586 | $331 | $3.5M | 35,623 |
| 2026-08-18 | Open-market sale | Common Stock | 4,030 | $332 | $1.3M | 31,593 |
| 2026-08-18 | Open-market sale | Common Stock | 3,058 | $333 | $1.0M | 28,535 |
| 2026-08-19 | Option exercise/conversion | Common Stock | 48,990 | $9 | $435.0K | 77,525 |
| 2026-08-19 | Open-market sale | Common Stock | 12,662 | $319 | $4.0M | 64,863 |
| 2026-08-19 | Open-market sale | Common Stock | 18,023 | $320 | $5.8M | 46,840 |
| 2026-08-19 | Open-market sale | Common Stock | 4,259 | $321 | $1.4M | 42,581 |
| 2026-08-19 | Open-market sale | Common Stock | 3,988 | $322 | $1.3M | 38,593 |
| 2026-08-19 | Open-market sale | Common Stock | 3,711 | $323 | $1.2M | 34,882 |
| 2026-08-19 | Open-market sale | Common Stock | 3,895 | $324 | $1.3M | 30,987 |
| 2026-08-19 | Open-market sale | Common Stock | 2,392 | $325 | $777.1K | 28,595 |
| 2026-08-19 | Open-market sale | Common Stock | 60 | $326 | $19.5K | 28,535 |
| 2026-08-18 | Option exercise/conversion | Stock Option (Right to Buy) | 251,010 | — | — | 4,485,645 |
| 2026-08-19 | Option exercise/conversion | Stock Option (Right to Buy) | 48,990 | — | — | 4,436,655 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-18 | Option exercise/conversion (251,010 shares) |
| 2026-08-18 | Open-market sale (11,046 shares) |
| 2026-08-18 | Open-market sale (40,412 shares) |
| 2026-08-18 | Open-market sale (61,332 shares) |
| 2026-08-18 | Open-market sale (42,537 shares) |
| 2026-08-18 | Open-market sale (46,307 shares) |
| 2026-08-18 | Open-market sale (9,137 shares) |
| 2026-08-18 | Open-market sale (6,594 shares) |
| 2026-08-18 | Open-market sale (3,968 shares) |
| 2026-08-18 | Open-market sale (12,003 shares) |
| 2026-08-18 | Open-market sale (10,586 shares) |
| 2026-08-18 | Open-market sale (4,030 shares) |
| 2026-08-18 | Open-market sale (3,058 shares) |
| 2026-08-19 | Option exercise/conversion (48,990 shares) |
| 2026-08-19 | Open-market sale (12,662 shares) |
| 2026-08-19 | Open-market sale (18,023 shares) |
| 2026-08-19 | Open-market sale (4,259 shares) |
| 2026-08-19 | Open-market sale (3,988 shares) |
| 2026-08-19 | Open-market sale (3,711 shares) |
| 2026-08-19 | Open-market sale (3,895 shares) |
| 2026-08-19 | Open-market sale (2,392 shares) |
| 2026-08-19 | Open-market sale (60 shares) |
| 2026-08-18 | Option exercise/conversion (251,010 shares) |
| 2026-08-19 | Option exercise/conversion (48,990 shares) |
Keywords
insider transaction, Form 4, SNOW, Snowflake Inc., bearish, Frank Slootman
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