Snowflake director Frank Slootman exercises options and sells about $94.9 million of stock

Snowflake director Frank Slootman cashed in about $94.9 million of the company's stock on Monday, exercising vested options and selling the shares the same day, according to a Form 4 filed Wednesday.

Slootman exercised 300,000 fully vested stock options at a strike price of $8.88 a share on Oct. 19 and sold 300,000 shares in a series of trades at weighted-average prices ranging from $311.06 to $319.995. The total sale value works out to about $94.93 million, or roughly $316 a share on average.

The sales were made under a Rule 10b5-1 trading plan adopted on Sept. 19, 2025, the filing says.

Still a large holder

After the transactions, Slootman reported 19,024 shares held directly, including shares to be issued on the vesting of restricted stock units. He also reported about 210,000 shares held through family trusts and grantor retained annuity trusts.

He retains 3,836,655 vested options to buy Snowflake stock at $8.88 a share, according to the filing.

By the numbers

• Options exercised: 300,000 at $8.88
• Shares sold: 300,000
• Weighted-average sale prices: $311.06 to $319.995
• Sale value: about $94.93 million
• Options remaining: 3,836,655

Sources

1. Snowflake Inc., Form 4 for Frank Slootman filed Oct. 21, 2026, accession 0001402348-26-000020

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.