Traders should monitor for potential downward pressure ahead of next earnings or strategic announcements; follow-up filings for additional selling or commentary. Consider this insider activity as a contrarian signal given recent strong analyst sentiment.
Price Chart
Executive Summary
Multiple Snowflake insiders conducted transactions over the past week, including open-market sales totaling $2.98M by a founder, an EVP, and a director, alongside non-cash events like grants, tax withholdings, and derivative exercises. The open-market selling, particularly the $1.98M sale by Director Slootman following option exercise, represents material insider selling activity.
Key Financial Metrics
Key Facts
- Founder and Chief Architect Benoit Dageville sold $148,6k in shares on the open market.
- EVP Christian Kleinerman sold $445.6k in shares on the open market.
- Director Frank Slootman sold $1.98M in shares after exercising options, indicating deliberate monetization.
- Total open-market sales by insiders: $2.57M (excluding tax-related dispositions).
- Additional non-cash transactions include share grants ($0 value) and tax withholdings totaling $419.4k in surrendered shares.
- All sales occurred within a 5-day window, signaling coordinated insider activity.
Financial Impact
$2.57M in net open-market selling by insiders, representing 0.004% of Snowflake's $60.2B market cap — modest in size but significant given concentration and participation of top executives.
Risk Factors
- Perceived lack of confidence from key executives despite strong analyst ratings.
- Potential for follow-on selling if other insiders act similarly.
- Market sensitivity to insider moves in high-growth tech stocks, even when dollar amounts are relatively small.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (9 trades, 7d window) | cluster-SNOW-1774397283415 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 15d ago | 144 | $331.02 $334.81 | ▼ −1.14% | ▲ +0.68% | $341.99 (−3.31%) |
Sep 11, 2026 21d ago | Insider Cluster | $328.99 $332.43 | ▲ +1.05% | ▲ +1.27% | $341.99 (+3.95%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▲ +1.43% | ▲ +0.22% | $341.99 (−1.43%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $341.99 (+1.43%) |
Sep 3, 2026 28d ago | Insider Cluster | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $341.99 (+1.43%) |
Sep 2, 2026 29d ago | 8-K | $356.47 $328.99 | ▼ −7.71% | ▼ −6.56% | $341.99 (−4.06%) |
Aug 28, 2026 4w ago | Insider Cluster | $331.43 $335.50 | ▲ +1.23% | ▲ +1.37% | $341.99 (+3.19%) |
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