Slootman Frank 4

What Happened

• Frank Slootman, a director of Snowflake (SNOW), disposed of a total of 9,512 shares in mid‑March 2026. The largest transaction was an open‑market sale of 7,874 shares on 2026-03-17 at $175.34 per share for $1,380,627. In addition, 1,011 shares (1,011 @ $178.66 = $180,625) and 627 shares (627 @ $178.66 = $112,020) were withheld on 2026-03-16 to satisfy tax withholding related to the vesting of restricted stock units. Total value of all disposed shares reported here is about $1.67M, though the withheld shares were used to cover tax obligations rather than net cash proceeds to the insider.

Key Details

• Transaction dates and prices:
  • 2026-03-16: 1,011 shares withheld at $178.66 (F) — $180,625 (tax withholding)
  • 2026-03-16: 627 shares withheld at $178.66 (F) — $112,020 (tax withholding)
  • 2026-03-17: 7,874 shares sold open market at $175.34 (S) — $1,380,627
• Shares owned after transaction: Not specified in the provided excerpt; see the full Form 4 for post‑transaction holdings.
• Notable footnotes:
  • F1: Withheld shares to satisfy tax withholding on RSU vesting.
  • F2: Shares include those issued in connection with RSU vesting.
  • F3: The open‑market sale was executed under a 10b5‑1 trading plan adopted Sept 19, 2025 (pre‑planned sale).
  • F4–F7: Some reported shares are held in various family/trust vehicles for which Slootman (or his spouse) is trustee.
• Filing timeliness: No late filing was indicated in the provided information.

Context

• The 1,638‑share disposals on 3/16 were tax‑withholding events tied to RSU vesting (not active market sales by choice), while the 7,874‑share sale on 3/17 was an open‑market sale executed under a previously adopted 10b5‑1 plan. Tax withholding and RSU vesting are routine administrative events and, by themselves, do not necessarily signal the insider’s view of the company. Purchases typically carry more weight as a positive signal; this filing reports routine sales and withholding.