The insider sales are routine in size relative to market cap and include a large option exercise by Slootman (99,900 shares at $8.88 strike) with a corresponding sale to cover taxes and capture gains — a standard pattern. The CRO and EVP sales are modest. No bearish signal here. Monitor next earnings for any guidance changes, but this cluster alone does not warrant action.
Price Chart
Executive Summary
A cluster of insider sales at Snowflake totaling $9.39M over a 7-day window, led by Director Frank Slootman ($6.18M) and CRO Jonathan Beaulier ($2.17M). While the dollar amount is modest relative to Snowflake's $90.5B market cap (~0.01%), the cluster includes multiple C-suite executives (CRO, EVP Product, CAO) selling in the same window, which warrants attention. The sales are not 10b5-1 patterned and follow a period of strong stock performance, but the absolute size is too small to signal material bearish conviction.
Key Financial Metrics
Key Facts
- 4 insiders sold a total of ~$9.39M in open-market sales over a 7-day window ending 2026-06-29
- Director Frank Slootman accounted for $6.18M of the total, selling 24,680 shares at ~$250.46
- CRO Jonathan Beaulier sold $2.17M, EVP Christian Kleinerman sold $599K, CAO Emily Ho sold $432K
- Total sales represent ~0.01% of Snowflake's $90.5B market cap — well below the 0.1% materiality threshold
- All 6 directors received identical 1,273-share grants on 6/29 ($0 value) — routine director compensation
- Slootman also exercised 99,900 options at $8.88/share ($887K) and 99,900 options at $0 — the $6.18M sale is a typical cash-out of exercised options
- No insider purchases in the cluster — net direction is selling
Financial Impact
Total open-market sales of $9.39M represent ~0.01% of Snowflake's $90.5B market cap — well below the 0.1% materiality threshold
Risk Factors
- Insider sales could accelerate if the stock continues to rally, creating overhang
- Option exercises by Slootman add ~200K shares to the float, though most were sold immediately
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-1782976986661 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access