This cluster is too small relative to market cap to warrant a directional read. Slootman's sales are mechanically tied to derivative exercises and are likely liquidity/vesting-driven. Dageville's single sale is notable but not alarming at this scale. Monitor for any larger C-suite sales or a material increase in volume before reading bearish signal.
Price Chart
Executive Summary
Two Snowflake directors — co-founder Benoit Dageville and former CEO Frank Slootman — sold a combined $18.95M in open-market shares over a 7-day window. Slootman's sales follow derivative exercises at negligible strike prices, while Dageville's sale is a direct open-market disposition. At $113.9B market cap, the total represents ~0.017% of market cap, well below the 0.1% materiality threshold. The cluster is overwhelmingly sell-side but trivial in proportion to company size.
Key Financial Metrics
Key Facts
- Total open-market sales: $18.95M across 2 directors
- Frank Slootman exercised 600,000 derivative shares at $0-$8.88 strike, then sold 300,040 shares for ~$95M total; only ~$2.87M of that is captured in the 7-day cluster window
- Benoit Dageville sold 50,000 shares at $321.74 for $16.09M on Oct 21
- Cluster value is ~0.017% of $113.9B market cap — trivial
- No C-suite executives (CEO/CFO) participated in the cluster
Financial Impact
Total insider sales of $18.95M represent 0.017% of market cap — immaterial
Risk Factors
- If Slootman or Dageville continue selling at accelerating pace in coming weeks, the pattern could become material
- No current C-suite insider buying to offset the sell-side 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-1792795559671 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Insider Cluster | $325.01 | awaiting T+1 | — | $325.43 (+0.13%) |
Oct 20, 2026 6d ago | Institutional Cluster | $322.73 $313.96 | ▼ −2.72% | ▼ −1.54% | $325.43 (+0.84%) |
Oct 19, 2026 7d ago | 144 | $315.35 $319.61 | ▼ −1.35% | ▼ −1.02% | $325.43 (−3.20%) |
Oct 7, 2026 19d ago | 144 | $332.85 $343.40 | ▼ −3.17% | ▼ −3.59% | $325.43 (+2.23%) |
Oct 2, 2026 24d ago | Insider Cluster | $338.99 $335.95 | ▲ +0.90% | ▲ +1.45% | $325.43 (+4.00%) |
Oct 2, 2026 24d ago | 144 | $338.99 $335.95 | ▲ +0.90% | ▲ +1.45% | $325.43 (+4.00%) |
Oct 2, 2026 24d ago | 8-K | $338.99 $335.95 | ▼ −0.90% | ▼ −1.45% | $325.43 (−4.00%) |
Sep 24, 2026 4w ago | Insider Cluster | $335.94 $328.12 | ▲ +2.33% | ▲ +1.58% | $325.43 (+3.13%) |
Sep 22, 2026 4w ago | Insider Cluster | $334.81 $334.00 | ▼ −0.24% | ▼ −0.16% | $325.43 (−2.80%) |
Sep 21, 2026 5w ago | 144 | $339.39 $336.59 | ▲ +0.82% | ▲ +0.81% | $325.43 (+4.11%) |
US Market Status
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