Snowflake director Frank Slootman sells $2.6m in company stock
Snowflake Inc. (NASDAQ:SNOW) director Frank Slootman sold approximately $2.6 million worth of company stock on September 16, 2026. The shares involved were 8,191, bought at an average price of $318.51 per share through a pre-arranged 10b5-1 trading plan adopted by Mr. Slootman since September 19, 2025. The sale came after Snowflake's stock price surged 90% in the last six months, currently trading at $331.02 per share.
On the same day as the $2.6 million sale, Slootman also sold 1,320 shares valued at around $438,702 to meet tax withholding obligations from the vesting of restricted stock units. Analysts believe Snowflake is currently overvalued, but the company remains one of several US equities with comprehensive Pro Research Reports. Slootman currently holds a total of 19,024 shares of Snowflake common stock, including shares to be issued upon the vesting of restricted stock units.
His indirect holdings span multiple trusts, all valued at thousands of shares. Recently, Snowflake has seen significant analyst attention following impressive second-quarter fiscal 2027 results, with analysts raising price targets and maintaining Buy ratings.
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