Chairman Slootman's sustained large-scale selling is a bearish signal for Snowflake. Traders should monitor for additional Form 144 filings or Form 4 filings confirming these sales. The pattern suggests insider de-risking ahead of the next earnings report.
Price Chart
Executive Summary
Chairman Frank Slootman filed a Form 144 on June 1, 2026, signaling intent to sell 162,924 shares of Snowflake common stock, valued at approximately $42.96 million based on the filing date price of ~$263.80. This follows a series of large insider sales by Slootman in March and May 2026 totaling over $260 million, indicating sustained portfolio liquidation by the company's chairman.
Key Facts
- Chairman Frank Slootman filed Form 144 to sell 162,924 shares of Snowflake common stock.
- Estimated sale value: ~$42.96 million based on filing date price of ~$263.80.
- Slootman has sold over $260 million in Snowflake stock in the prior three months (March–May 2026).
- The shares being sold were acquired from options granted on May 29, 2019.
- Recent insider activity (30d) shows 4 sells totaling $34.7M, not including Slootman's sales.
- Snowflake market cap is $88.6B; the proposed sale represents ~0.05% of shares outstanding.
Financial Impact
Proposed sale of 162,924 shares worth ~$42.96M; cumulative insider sales by chairman exceed $300M in 3 months.
Risk Factors
- Continued insider selling by chairman may signal lack of confidence in near-term outlook.
- Large option exercises and sales could create overhang and pressure stock price.
- Form 144 is intent to sell; actual sales may not occur, but the pattern is concerning.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-004203 |
| Document: 0001959173-26-004203-index.html | 0001959173-26-004203 |
| Document: 0001959173-26-004203.txt | 0001959173-26-004203 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 15d ago | 144 | $331.02 $334.81 | ▼ −1.14% | ▲ +0.68% | $343.77 (−3.85%) |
Sep 11, 2026 21d ago | Insider Cluster | $328.99 $332.43 | ▲ +1.05% | ▲ +1.27% | $343.77 (+4.49%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $343.77 (+4.26%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $343.77 (+4.26%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $343.77 (+4.26%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▲ +1.43% | ▲ +0.22% | $343.77 (−1.95%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $343.77 (+1.95%) |
Sep 3, 2026 28d ago | Insider Cluster | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $343.77 (+1.95%) |
Sep 2, 2026 29d ago | 8-K | $356.47 $328.99 | ▼ −7.71% | ▼ −6.56% | $343.77 (−3.56%) |
Aug 28, 2026 4w ago | Insider Cluster | $331.43 $335.50 | ▲ +1.23% | ▲ +1.37% | $343.77 (+3.72%) |
US Market Status
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