Director Frank Slootman executed a massive cluster of open-market sales totaling ~$68.2M over July 20-21, 2026, alongside derivative exercises. Combined with additional sales by two other insiders (Dageville and Kleinerman) totaling ~$14.5M, the cluster represents ~0.09% of Snowflake's $94.2B market cap, falling just below the 0.1% materiality threshold. While the dollar amount is large in absolute terms, it is routine relative to market cap and likely driven by pre-arranged 10b5-1 plans or post-vesting diversification, not a bearish signal on fundamentals. The cluster is best interpreted as neutral — a large director monetizing options, not a coordinated signal of distress.
Price Chart
Executive Summary
Director Frank Slootman executed a massive cluster of open-market sales totaling ~$68.2M over July 20-21, 2026, alongside derivative exercises. Combined with additional sales by two other insiders (Dageville and Kleinerman) totaling ~$14.5M, the cluster represents ~0.09% of Snowflake's $94.2B market cap, falling just below the 0.1% materiality threshold. While the dollar amount is large in absolute terms, it is routine relative to market cap and likely driven by pre-arranged 10b5-1 plans or post-vesting diversification, not a bearish signal on fundamentals. The cluster is best interpreted as neutral — a large director monetizing options, not a coordinated signal of distress.
Key Financial Metrics
Key Facts
- Director Frank Slootman sold ~$68.2M in open-market sales over July 20-21, 2026, alongside derivative exercises (non-cash).
- Two other insiders (Dageville, Kleinerman) sold ~$14.5M combined in the prior week.
- Total cluster value of ~$82.7M represents ~0.09% of Snowflake's $94.2B market cap — below the 0.1% materiality threshold.
- Sales are likely liquidity-driven (option exercises/vesting) rather than informational, given the size relative to market cap and lack of a bearish catalyst.
Financial Impact
Total insider sales of ~$82.7M, or ~0.09% of market cap — immaterial relative to company size.
Risk Factors
- If a material adverse event (e.g., guidance cut, regulatory action) surfaces in the next 30 days, these sales could be viewed as informed selling in hindsight.
- Further insider selling at an accelerating pace could shift sentiment.
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-1784764330791 |
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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