Snowflake Director Frank Slootman Sells 300,000 Shares for $82.3 Million
Frank Slootman, a director at Snowflake Inc. (NYSE:SNOW), sold 300,000 shares of common stock on July 20-21, 2026, generating approximately $82.3 million. The sale was executed via a cashless exercise of stock options with a strike price of $8.88 per share, under a pre-planned Rule 10b5-1 trading plan. The weighted average sale price was $274.41 per share. Following the transaction, Slootman retains indirect ownership through multiple trusts (~208,000 shares) and ~4.7 million derivative securities. Snowflake has a market capitalization of $94.2 billion, trailing twelve-month revenue of $5.0 billion, and a net loss of $1.2 billion. The sale represents about 56% of Slootman's total holdings, which may concern some investors despite the pre-planned nature of the trade.
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