The sustained and accelerating pace of Chairman Slootman's stock sales, now totaling over $360 million in three months, signals a lack of confidence in near-term valuation. Monitor for further insider selling and any upcoming earnings or guidance updates that could explain the pattern.
Price Chart
Executive Summary
Chairman Frank Slootman filed a Form 144 to sell 102,791 shares of Snowflake common stock, valued at approximately $35.3 million, via a stock option exercise. This follows a pattern of substantial insider sales over the past three months, totaling over $360 million in proceeds across multiple transactions.
Key Facts
- Frank Slootman (Chairman) intends to sell 102,791 shares of Snowflake common stock.
- The proposed sale value is approximately $35.3 million based on the filing date.
- Shares are to be sold through Fidelity Brokerage Services LLC.
- The sale is tied to a stock option exercise on September 21, 2026.
- Slootman has sold over $360 million in Snowflake stock in the past three months, including sales on June 26, June 29, July 20, July 21, August 18, August 19, September 16, and September 18, 2026.
- The Slootman Family Foundation also sold 155,000 shares on September 18, 2026, for approximately $51.4 million.
- The filing is an advance notice of intent to sell; the sale may not be completed.
Financial Impact
Proposed sale of ~$35.3 million; cumulative insider sales by Slootman exceed $360 million in the past three months.
Risk Factors
- Continued insider selling pressure from the Chairman could weigh on the stock.
- The large volume of recent sales may indicate unfavorable private information about upcoming results.
- Form 144 is only an intent to sell; the actual sale may not occur, but the pattern of filings is concerning.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-007060 |
| Document: 0001959173-26-007060-index.html | 0001959173-26-007060 |
| Document: 0001959173-26-007060.txt | 0001959173-26-007060 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $332.93 | awaiting T+1 | awaiting T+1 | $337.42 (+1.35%) |
Oct 23, 2026 4d ago | Insider Cluster | $334.95 $337.42 | ▲ +0.74% | ▲ +0.18% | $337.42 (+0.74%) |
Oct 20, 2026 7d ago | Institutional Cluster | $322.73 $313.96 | ▼ −2.72% | ▼ −1.54% | $337.42 (+4.55%) |
Oct 19, 2026 8d ago | 144 | $315.35 $319.61 | ▼ −1.35% | ▼ −1.02% | $337.42 (−7.00%) |
Oct 7, 2026 20d ago | 144 | $332.85 $343.40 | ▼ −3.17% | ▼ −3.59% | $337.42 (−1.37%) |
Oct 2, 2026 25d ago | Insider Cluster | $338.99 $335.95 | ▲ +0.90% | ▲ +1.45% | $337.42 (+0.46%) |
Oct 2, 2026 25d ago | 144 | $338.99 $335.95 | ▲ +0.90% | ▲ +1.45% | $337.42 (+0.46%) |
Oct 2, 2026 25d ago | 8-K | $338.99 $335.95 | ▼ −0.90% | ▼ −1.45% | $337.42 (−0.46%) |
Sep 24, 2026 4w ago | Insider Cluster | $335.94 $328.12 | ▲ +2.33% | ▲ +1.58% | $337.42 (−0.44%) |
Sep 22, 2026 5w ago | Insider Cluster | $334.81 $334.00 | ▼ −0.24% | ▼ −0.16% | $337.42 (+0.78%) |
US Market Status
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