Slootman Frank 4

What Happened Frank Slootman, a director of Snowflake Inc. (SNOW), disposed of shares in two related transactions: 729 shares were withheld to satisfy tax withholding on vested restricted stock units (RSUs) at $180.48 each (value $131,570), and 2,042 shares were sold in an open-market sale at $182.44 each (proceeds $372,542). Combined proceeds/values across the two events total $504,112.

Key Details

• Transaction dates and prices:
  • 2026-03-09: 729 shares withheld for tax (code F) at $180.48 — $131,570.
  • 2026-03-10: 2,042 shares sold in open market (code S) at $182.44 — $372,542.
• Sale executed pursuant to a 10b5-1 trading plan adopted by Slootman on Sept 19, 2025 (footnote F3).
• The 729-share disposal represents shares withheld to satisfy tax withholding on RSU vesting (footnote F1); filing also references shares to be issued on vesting (F2).
• Some reported shares are held in trusts for which Slootman is trustee or related parties are trustees (footnotes F4–F7).
• Shares owned after the transactions are not specified in the provided filing.
• Filing date: 2026-03-11 for report period beginning 2026-03-09; filing was timely based on the reported transaction dates.

Context

• The 729-share action was a tax-withholding disposition tied to RSU vesting (not an independent sale). The 2,042-share sale was an open-market sale executed under a pre-established 10b5-1 plan, which is a common mechanism insiders use to sell shares on a preset schedule and does not necessarily indicate a change in view on the company.