Monitor for any upcoming earnings pre-announcement or material news that could explain the coordinated selling. The lack of 10b5-1 plans and the involvement of the CRO and director suggest potential concern about near-term performance.
Price Chart
Executive Summary
A cluster of insider sales at Snowflake, totaling ~$9.18M, occurred on 2026-09-16, involving the CRO, a director, and two EVPs. The sales are open-market and not plan-driven, representing ~0.1% of market cap. While the dollar value is modest relative to the company's size, the breadth of senior insiders selling on the same day is notable and warrants monitoring.
Key Financial Metrics
Key Facts
- Total insider sales of ~$9.18M on 2026-09-16, including CRO Jonathan Beaulier ($4.13M), Director Frank Slootman ($2.61M), and EVP Christian Kleinerman ($951K).
- Sales are open-market (code S) with no 10b5-1 indication, suggesting discretionary selling.
- Tax-withholding transactions on 2026-09-15 (non-cash) are excluded from the signal; the cluster is purely open-market sales.
- The total sale value is ~0.1% of Snowflake's market cap, which is at the lower end of the materiality threshold.
Financial Impact
~$9.18M in insider sales, ~0.1% of market cap
Risk Factors
- Insider selling may signal management's view that the stock is fairly valued or overvalued.
- Concentration of sales on a single day could indicate a known upcoming catalyst (e.g., earnings miss, guidance cut).
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SNOW-1790118371123 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Insider Cluster | $325.01 | awaiting T+1 | — | $334.95 (+3.06%) |
Oct 20, 2026 6d ago | Institutional Cluster | $322.73 $313.96 | ▼ −2.72% | ▼ −1.54% | $334.95 (+3.79%) |
Oct 19, 2026 7d ago | 144 | $315.35 $319.61 | ▼ −1.35% | ▼ −1.02% | $334.95 (−6.22%) |
Oct 7, 2026 19d ago | 144 | $332.85 $343.40 | ▼ −3.17% | ▼ −3.59% | $334.95 (−0.63%) |
Oct 2, 2026 24d ago | Insider Cluster | $338.99 $335.95 | ▲ +0.90% | ▲ +1.45% | $334.95 (+1.19%) |
Oct 2, 2026 24d ago | 144 | $338.99 $335.95 | ▲ +0.90% | ▲ +1.45% | $334.95 (+1.19%) |
Oct 2, 2026 24d ago | 8-K | $338.99 $335.95 | ▼ −0.90% | ▼ −1.45% | $334.95 (−1.19%) |
Sep 24, 2026 4w ago | Insider Cluster | $335.94 $328.12 | ▲ +2.33% | ▲ +1.58% | $334.95 (+0.29%) |
Sep 22, 2026 4w ago | Insider Cluster | $334.81 $334.00 | ▼ −0.24% | ▼ −0.16% | $334.95 (+0.04%) |
Sep 21, 2026 5w ago | 144 | $339.39 $336.59 | ▲ +0.82% | ▲ +0.81% | $334.95 (+1.31%) |
US Market Status
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