Snowflake Director Frank Slootman Sells 300,000 Shares Worth $82.3 Million
Frank Slootman, a director at Snowflake Inc., sold 300,000 shares of the company for approximately $82.3 million in late July 2026. The transaction was conducted through a cashless exercise of stock options with a strike price of $8.88 per share and occurred over two days—July 20 and July 21—with weighted average sale prices ranging from $267.38 to $278.70. Following the sales, Slootman retained both direct ownership (approximately 28,535 shares) and indirect holdings through various trusts totaling around 207,855 shares. He also holds about 4.7 million derivative securities directly. The sale was executed under Rule 10b5-1, which allows pre-planned insider transactions. Snowflake continues to maintain a strong market position with a $94.2 billion valuation and trailing twelve-month revenue of $5.0 billion despite reporting a net loss of $1.2 billion for the same period.
Tickers: $SNOW
Topics: Frank Slootman SEC filing Snowflake stock sale