Form 4: Snowflake Director Slootman Restructures Trust Holdings

Snowflake Inc. Director Frank Slootman reported internal transfers of common stock between family trusts and entities, effective September 25, 2025.

Summary

• Frank Slootman, a Director of Snowflake Inc., reported internal transfers of common stock between various family trusts and entities.
• On September 25, 2025, 78,893 shares were transferred from the Slootman 2023 Grantor Retained Annuity Trust to the Slootman 2023 Children's Trust.
• Additionally, 171,137 shares were distributed from the Slootman 2023 Grantor Retained Annuity Trust to the Slootman Living Trust as an annuity payment on the same date.
• Following these transactions, Mr. Slootman's beneficial ownership includes 153,226 shares held directly, which incorporates shares to be issued from restricted stock unit vesting.
• Indirect beneficial ownership includes 506,283 shares held by the Slootman Living Trust, 78,893 shares by the Slootman 2023 Children's Trust, 91,058 shares by the B. Slootman 2024 Grantor Retained Annuity Trust, 16,300 shares by the Slootman Grandchildren's Trust, 6,384 shares by Invisible Hand Ventures, LLC, 91,058 shares by the F. Slootman 2024 Grantor Retained Annuity Trust, and 83,014 shares by the Slootman Family Foundation.

Sentiment

Score: 5

Explanation: The filing reports administrative transfers of shares between family trusts and entities, which is a neutral event for the company's operational or financial performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This filing is an individual insider transaction report and does not provide information relevant to broader industry trends or competitive landscape.

Related Party Transactions

• Transfer of 78,893 shares from the Slootman 2023 Grantor Retained Annuity Trust to the Slootman 2023 Children's Trust.
• Distribution of 171,137 shares from the Slootman 2023 Grantor Retained Annuity Trust to the Slootman Living Trust as an annuity payment.

Stakeholder Impact

• Shareholders are informed of the restructuring of beneficial ownership by a key director, providing transparency regarding insider holdings.

Key Dates

Recommendation

This Form 4 filing details administrative transfers of shares between various trusts and entities controlled by Director Frank Slootman. These are not open market transactions and do not reflect a change in his overall economic interest in Snowflake Inc. As such, the filing provides no new information to alter an existing investment thesis or warrant a change in recommendation based solely on this disclosure.

Keywords

Snowflake Inc., SNOW, Frank Slootman, SEC Form 4, Beneficial Ownership, Trust Transfer, Insider Transaction, Corporate Governance