{
  "id": 7929379,
  "title": "Snowflake director Frank Slootman sells $2.6m in company stock",
  "url": "https://urgent.news/2026/09/17/snowflake-director-frank-slootman-sells-2-6m-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T02:30:55.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/snowflake-director-frank-slootman-sells-26m-in-company-stock-93CH-4904766"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [
    "Frank Slootman sold $2.6m worth of Snowflake stock on September 16, 2026.",
    "Sale of 8,191 shares at $318.51 per share via pre-arranged 10b5-1 plan.",
    "Stock price surged 90% in six months, currently at $331.02 per share."
  ],
  "editors_take": "The sale of $2.6 million worth of Snowflake stock by director Frank Slootman comes as analysts believe the company is overvalued, potentially indicating a loss of confidence by a key insider.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Snowflake SVP Vivek Raghunathan sells $1.23m in company stock",
        "url": "https://urgent.news/2026/09/17/snowflake-svp-vivek-raghunathan-sells-1-23m-in-company-stock",
        "published": "2026-09-17T02:30:52.000Z"
      }
    ]
  },
  "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."
}