{
  "id": 15971404,
  "title": "Snowflake director Frank Slootman sells $94.9 million in shares",
  "url": "https://urgent.news/2026/10/21/snowflake-director-frank-slootman-sells-94-9-million-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T23:46:00.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/snowflake-director-frank-slootman-sells-949-million-in-shares-93CH-4964425"
  },
  "original_language": "en",
  "account": "Snowflake Inc. director Frank Slootman sold approximately $94.9 million worth of company shares on October 19, 2026, according to a recent SEC filing. The transactions, conducted between $311.06 and $319.995 per share, were executed under a pre-arranged Rule 10b5-1 trading plan. The sale occurred as Snowflake shares have surged 114% over the past six months, currently trading at $322.73. Analysts believe the stock is overvalued at present levels. Prior to these sales, Slootman bought 300,000 shares by exercising fully vested stock options for $8.88 per share, totaling $2.66 million. After these transactions, he directly holds 19,024 shares and has indirect holdings through various trusts. Snowflake reported strong financial performance, with AI products driving a 37% year-over-year product revenue growth, marking the company's strongest growth in three years. Investment firms have initiated coverage on Snowflake, with ratings ranging from buy to outperform and price targets between $400.00 and $423.00.",
  "summary": null,
  "key_points": [
    "Snowflake director Frank Slootman sold $94.9M in shares on Oct 19, 2026",
    "Sales executed under Rule 10b5-1 plan at $311.06-$319.995/share",
    "Shares surged 114% in 6 months, currently $322.73"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}