Director Frank Slootman Reports $328.6M in Recent Share Sales
SNOW has more than doubled off its 52-week low of $118.3 on elevated volume (2.9× avg).
Summary
Director Frank Slootman filed a Form 144, reporting over $328 million in share sales over the last three months, continuing a trend of significant insider distribution.
Key Events · Ownership and Investor Activity · SNOW
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Significant Insider Sales Reported
Director Frank Slootman reported selling 1,408,066 shares of Snowflake stock over the past three months, totaling approximately $328.6 million in gross proceeds.
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Ongoing Distribution Pattern
These sales contribute to a broader pattern of insider distribution at Snowflake, with over $382 million in net insider sales (excluding options/tax) reported across the company in the last 90 days.
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Pre-Planned Trading Program
The sales are likely conducted under a pre-arranged 10b5-1 trading plan, adopted on September 19, 2025, indicating a non-discretionary liquidation strategy.
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Minor Current Intent to Sell
The filing also indicates an intent to sell an additional 100 shares, valued at approximately $25,000, which is a negligible amount compared to the reported historical sales.
Analysis · SNOW · Technology
This Form 144 filing by Director Frank Slootman primarily reports the sale of over $328 million worth of Snowflake shares in the past three months. While the current intent to sell is for a negligible amount, the disclosure of significant ongoing insider distribution, likely under a pre-planned trading program, indicates continued cashing out by a key executive. This follows a pattern of substantial insider selling at Snowflake.
How filings like this one have moved
In the 30 days to Oct 24, 2026, 29.5% of the 1504 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.14%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SNOW was trading at $247.46 on NYSE in the Technology sector, with a market capitalization of approximately $86.3B. The 52-week trading range was $118.30 to $284.99. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.