The insider sales are immaterial in size relative to market cap and follow a strong earnings beat, suggesting liquidity/diversification rather than bearish conviction. Monitor for any Form 144 filings or 10b5-1 plan amendments, but no immediate trading action is warranted based on this cluster alone.
Price Chart
Executive Summary
Two insiders at Snowflake sold a combined $7.80M in open-market transactions over a 3-day window, following the company's strong Q1 FY2027 earnings beat and raised guidance. Director Frank Slootman accounted for $6.62M of the sales, while EVP Christian Kleinerman sold $1.18M. The cluster occurs just 2 days after a bullish earnings report, and the sales represent ~0.009% of market cap — a trivial amount relative to the $82.9B company.
Key Financial Metrics
Key Facts
- Total insider sales of $7.80M represent ~0.009% of Snowflake's $82.9B market cap — immaterial by proportionality standards
- Director Frank Slootman sold $6.62M (28,740 shares at ~$230.17) on May 28, 2026, following derivative exercises of 400,000 shares at $8.88 and 55,350 shares at $0
- EVP Christian Kleinerman sold $1.18M (5,000 shares at $236.77) on May 28, 2026
- Sales occurred 2 days after Snowflake reported Q1 FY2027 product revenue of $1.33B (+34% YoY) and raised full-year product revenue guidance to $5.84B
- Slootman's sales are partially linked to derivative exercises (non-cash events), consistent with tax-covering or diversification after a strong earnings beat
Financial Impact
Total insider sales of $7.80M — 0.009% of market cap — are trivial and routine for a $82.9B company
Risk Factors
- Slootman's large derivative exercises could signal future selling as shares become liquid
- Insider sales at elevated post-earnings prices may indicate insiders view current valuation as full
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-1780101242809 |
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
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