SNOW Snowflake Inc.
Price Chart
Executive Summary
Chairman Frank Slootman filed a Form 144 on June 1, 2026, signaling intent to sell 162,924 shares of Snowflake common stock, valued at approximately $42.96 million based on the filing date price of ~$263.80. This follows a series of large insider sales by Slootman in March and May 2026 totaling over $260 million, indicating sustained portfolio liquidation by the company's chairman.
Actionable Insight
Chairman Slootman's sustained large-scale selling is a bearish signal for Snowflake. Traders should monitor for additional Form 144 filings or Form 4 filings confirming these sales. The pattern suggests insider de-risking ahead of the next earnings report.
Key Facts
- Chairman Frank Slootman filed Form 144 to sell 162,924 shares of Snowflake common stock.
- Estimated sale value: ~$42.96 million based on filing date price of ~$263.80.
- Slootman has sold over $260 million in Snowflake stock in the prior three months (March–May 2026).
- The shares being sold were acquired from options granted on May 29, 2019.
- Recent insider activity (30d) shows 4 sells totaling $34.7M, not including Slootman's sales.
- Snowflake market cap is $88.6B; the proposed sale represents ~0.05% of shares outstanding.
Financial Impact
Proposed sale of 162,924 shares worth ~$42.96M; cumulative insider sales by chairman exceed $300M in 3 months.
Risk Factors
- Continued insider selling by chairman may signal lack of confidence in near-term outlook.
- Large option exercises and sales could create overhang and pressure stock price.
- Form 144 is intent to sell; actual sales may not occur, but the pattern is concerning.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-004203 |
| Document: 0001959173-26-004203-index.html | 0001959173-26-004203 |
| Document: 0001959173-26-004203.txt | 0001959173-26-004203 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
4d ago
|
Insider Cluster
| $239.79 awaiting T+1 | awaiting T+1 | — | $232.78 (−2.92%) |
|
Jun 8, 2026
4d ago
|
Insider Cluster
| $239.79 awaiting T+1 | awaiting T+1 | — | $232.78 (−2.92%) |
|
Jun 5, 2026
7d ago
|
144
| $236.24 awaiting T+1 | awaiting T+1 | — | $232.78 (−1.46%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $244.17 $236.86 | ▼ −2.99% | ▼ −0.40% | $232.78 (−4.66%) |
|
Jun 1, 2026
11d ago
|
Insider Cluster
| $260.95 $241.09 | ▼ −7.61% | ▼ −6.89% | $232.78 (−10.79%) |
|
Jun 1, 2026
11d ago
|
144
| $278.95 $260.95 | ▲ +6.45% | ▲ +6.60% | $232.78 (+16.55%) |
|
May 31, 2026
12d ago
|
ANALYST-UPGRADE
| $223.65 $218.31 | ▼ −2.39% | ▼ −3.04% | $232.78 (+4.08%) |
|
May 30, 2026
14d ago
|
Insider Cluster
| $278.95 $260.95 | ▼ −6.45% | ▼ −6.60% | $232.78 (−16.55%) |
|
May 29, 2026
14d ago
|
144
| $278.95 $260.95 | ▲ +6.45% | ▲ +6.60% | $232.78 (+16.55%) |
|
May 29, 2026
14d ago
|
144
| $254.43 $278.95 | ▲ +9.64% | ▲ +9.38% | $232.78 (−8.51%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access