Snowflake Director Slootman Notices Sale of 300,000 Shares (~$94.9M)
SNOW has more than doubled off its 52-week low of $118.3.
Summary
Snowflake director Frank Slootman filed to sell 300,000 shares (~$94.9M) via option exercise, on top of ~$282.7M already sold in the past three months under a pre-set 10b5-1 plan.
Key Events · Ownership and Investor Activity · SNOW
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Director Notices 300,000-Share Sale
Frank Slootman filed a Form 144 to sell 300,000 common shares with an approximate market value of $94.9 million, acquired same-day through a stock option exercise.
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Prior Three-Month Sales Total $282.7M
The filing discloses 908,191 shares already sold across seven transactions from July 20 to September 21, 2026, generating about $282.7 million in gross proceeds.
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Pre-Set 10b5-1 Plan Governs Timing
Sales execute under a Rule 10b5-1 plan adopted September 19, 2025, so the schedule was fixed in advance rather than driven by current share prices.
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Broader Insider Distribution Trend
Across the last 90 days, seven insiders have sold roughly $485 million of stock on the open market with no open-market purchases reported.
Analysis · SNOW · Technology
Frank Slootman, a Snowflake director and former CEO, has filed notice to sell 300,000 shares worth roughly $94.9 million at today's $318.07 price, acquired through a stock option exercise. The trade is not isolated: the same filing discloses 908,191 shares already sold over the past three months for about $282.7 million in gross proceeds, and the broader 90-day insider picture shows roughly $485 million of open-market selling with zero purchases. Because the sales run under a Rule 10b5-1 plan adopted September 19, 2025, the timing is pre-scheduled rather than a reaction to current conditions. Still, the cumulative scale of distribution by a founder-level director is a meaningful overhang consideration for holders.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. 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 $318.07 on NYSE in the Technology sector, with a market capitalization of approximately $112.2B. The 52-week trading range was $118.30 to $384.56. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.