Snowflake Director Frank Slootman Sells 300,000 Shares for $82.3 Million
Slootman's divestment, executed under a pre-arranged trading plan, reduces his direct ownership stake by 91% while maintaining significant indirect holdings through family trusts.
Overview
Frank Slootman, Director at Snowflake Inc. (NYSE:SNOW), sold a significant portion of his common stock on July 20, 2026 and July 21, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($274.41); post-transaction value based on July 21, 2026 market close ($271.73).
Details
Snowflake is a leading cloud data platform provider with a market capitalization of $94.2 billion and TTM revenue of $5.0 billion, reflecting strong adoption of cloud-based data infrastructure solutions. The company has demonstrated robust growth momentum, with its stock appreciating 26.01% over the past year, driven by increasing enterprise demand for unified data platforms and cloud migration trends. Snowflake's competitive advantage derives from its architecture enabling independent scaling of compute and storage, multi-cloud deployment flexibility, and ecosystem partnerships that position it as a critical infrastructure layer for data-driven enterprises.
Source
Originally published at www.fool.com.