Chairman Slootman's persistent selling pattern—over 900K shares since June—suggests a lack of confidence or a planned diversification strategy. Monitor for additional 144 filings or Form 4s; the sustained pace of sales could weigh on sentiment ahead of the next earnings report.
Price Chart
Executive Summary
Chairman Frank Slootman filed a Form 144 notice to sell 8,191 shares of Snowflake Inc. for an estimated ~$2.6M, with the sale to be executed through Fidelity Brokerage Services. The shares being sold were acquired via restricted stock vesting on September 15, 2026. This filing is part of a sustained selling pattern by Slootman, who has sold over 900,000 shares for ~$260M since June 2026, representing a material reduction of his stake.
Key Facts
- Chairman Frank Slootman filed Form 144 to sell 8,191 shares of Snowflake Inc.
- Estimated sale value: ~$2.6M based on a price of ~$318.50 per share.
- Shares were acquired via restricted stock vesting on September 15, 2026.
- Slootman has sold over 900,000 shares for approximately $260M since June 2026, including large blocks of 289,685 shares on July 20 and 251,010 shares on August 18.
- The filing signals continued insider selling by the Chairman, not a one-off event.
Financial Impact
~$2.6M proposed sale; cumulative ~$260M sold since June 2026
Risk Factors
- Continued insider selling by the Chairman may signal weak confidence in near-term prospects.
- Large overhang of shares sold into the market could pressure the stock price.
- Potential negative read-through for institutional holders if selling persists.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (SNOW) — Batch item 1 | 0001959173-26-007000 |
| Document: 0001959173-26-007000-index.html | 0001959173-26-007000 |
| Document: 0001959173-26-007000.txt | 0001959173-26-007000 |
| 144 Filing (SNOW) — Batch item 4 | 0001959173-26-007000 |
| Document: 0001959173-26-007000-index.html | 0001959173-26-007000 |
| Document: 0001959173-26-007000.txt | 0001959173-26-007000 |
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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