Frank Slootman, a director at Snowflake Inc. (NYSE: SNOW), sold a total of 144,650 shares of common stock on May 19, 2026, for a total value of approximately $25.3 million. The transactions followed the exercise of stock options.
Snowflake shares currently trade at $166.97, down about 29% over the past six months. According to Bond.az analysis, the stock appears slightly overvalued against its Fair Value estimate. The company carries a market capitalization of $57.4 billion despite posting a loss of $3.95 per share over the last twelve months.
The sales were executed in two blocks. Slootman sold 134,378 shares at a weighted-average price of $175.382 per share (range: $175.000-$175.990). An additional 10,272 shares were sold at a weighted-average price of $176.296 per share (range: $176.000-$176.860). The total value of these sales amounted to $25,378,394.
Before the sales, Mr. Slootman acquired 144,650 shares by exercising fully vested stock options at $8.88 per share, totaling $1,284,492. All transactions were conducted under a pre-arranged 10b5-1 trading plan adopted on September 19, 2025.
Following these transactions, Mr. Slootman directly holds 38,046 shares. He also holds indirect shares through trusts: Slootman Grandchildren's Trust (16,300), Slootman 2023 Children's Trust (78,893), F. Slootman 2024 Grantor Retained Annuity Trust (56,331), and B. Slootman 2024 Grantor Retained Annuity Trust (56,331).
Snowflake is scheduled to report earnings on May 27, just six days away.
