The insider selling is routine in scale and does not signal material negative information. Monitor for any upcoming earnings or product announcements that could explain the timing, but the cluster alone does not warrant a trading response. The derivative exercises by Slootman suggest tax-related or diversification motives rather than a bearish view.
Price Chart
Executive Summary
Insider trading cluster at Snowflake shows four insiders selling a total of $9.39M in open-market transactions over a one-week window. However, this represents only ~0.011% of the company's $88.2B market cap, making the selling trivial in proportional terms. The cluster includes C-suite executives (EVP, CAO, CRO) and a director, but the dollar amounts are immaterial relative to company size, and cluster sells are generally not predictive per academic literature.
Key Financial Metrics
Key Facts
- Total open-market insider sales: $9.39M (0.011% of $88.2B market cap)
- Four insiders sold: Director Frank Slootman ($6.18M), EVP Christian Kleinerman ($599K), CAO Emily Ho ($432K), CRO Jonathan Beaulier ($2.17M)
- Non-cash grants of 1,273 shares each to six directors on June 29, 2026 (total $0 economic value)
- Slootman also exercised derivatives (99,900 shares at $8.88) and sold 24,680 shares at $250.46
- Prior 30-day insider activity: one sell totaling $6.2M (likely Slootman's June 29 sale)
Financial Impact
Total open-market sales of $9.39M, negligible relative to $88.2B market cap
Risk Factors
- Insider selling could accelerate if the stock continues to rise, but current levels are immaterial
- No other cross-filing context (earnings, M&A, etc.) to amplify the signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SNOW-1782950459891 |
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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