The chairman's sustained selling pattern warrants monitoring for further insider activity, especially ahead of the next earnings report. While Form 144 is an intent to sell, the cumulative volume suggests a meaningful reduction in insider alignment. Traders should watch for any acceleration of sales or additional Form 144 filings from other executives.
Price Chart
Executive Summary
Chairman Frank Slootman filed a Form 144 to sell 55,350 shares of Snowflake common stock, valued at approximately $9.8 million based on the filing date. This follows a series of recent insider sales by Slootman totaling over $44 million in March and May 2026, signaling ongoing portfolio diversification or liquidity planning by the chairman.
Key Facts
- Chairman Frank Slootman filed Form 144 to sell 55,350 shares of Snowflake common stock.
- The proposed sale is valued at approximately $9.8 million based on the filing date.
- Slootman has sold over $44 million in shares in recent months (March and May 2026).
- The shares to be sold were acquired from an option grant dated May 29, 2019.
- The sale is planned for execution on the NYSE via Fidelity Brokerage Services LLC.
Financial Impact
Proposed sale of 55,350 shares valued at ~$9.8 million; cumulative recent sales by Slootman exceed $44 million.
Risk Factors
- Continued insider selling may signal lack of confidence in near-term prospects.
- Large insider sales can pressure the stock price if the market perceives them as informed.
- The selling pattern may coincide with lock-up expirations or option exercises, adding to supply.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-003975 |
| Document: 0001959173-26-003975-index.html | 0001959173-26-003975 |
| Document: 0001959173-26-003975.txt | 0001959173-26-003975 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | 144 | $331.02 $334.81 | ▼ −1.14% | ▲ +0.68% | $339.42 (−2.54%) |
Sep 11, 2026 21d ago | Insider Cluster | $328.99 $332.43 | ▲ +1.05% | ▲ +1.27% | $339.42 (+3.17%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $339.42 (+2.94%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $339.42 (+2.94%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $339.42 (+2.94%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▲ +1.43% | ▲ +0.22% | $339.42 (−0.66%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $339.42 (+0.66%) |
Sep 3, 2026 28d ago | Insider Cluster | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $339.42 (+0.66%) |
Sep 2, 2026 29d ago | 8-K | $356.47 $328.99 | ▼ −7.71% | ▼ −6.56% | $339.42 (−4.78%) |
Aug 28, 2026 4w ago | Insider Cluster | $331.43 $335.50 | ▲ +1.23% | ▲ +1.37% | $339.42 (+2.41%) |
US Market Status
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