SNOW Snowflake Inc.
Price Chart
Executive Summary
Three Snowflake insiders (Director Frank Slootman, Director Mark Garrett, and EVP Christian Kleinerman) sold a net $28.1M in open-market sales over the past week, with total cash proceeds of ~$70.5M from combined open-market sales and derivative exercises. The cluster comes just 7 days after Snowflake reported a strong Q1 beat and raised guidance, suggesting the selling is likely tied to option-vesting and planned diversification rather than negative sentiment. At $90.5B market cap, the cluster sales represent ~0.08% of market cap — routine in size — and are well within expected post-earnings lockup expiration patterns.
Key Financial Metrics
Actionable Insight
The insider selling pattern is overwhelmingly driven by vesting/exercise of long-dated options by two directors (Slootman and Garrett) — a routine portfolio event. The size relative to market cap is trivial. Combine this with the massive Q1 beat and raised guidance 7 days prior: the informational content is neutral at worst. Do not trade this as bearish signal. Monitor the next 10-Q for any change in operating trajectory, but this cluster alone does not warrant action.
Key Facts
- 3 insiders sold a total of ~$28.1M in open-market sales over 7 days (May 28 – Jun 1).
- Director Frank Slootman: 159,085 shares sold for ~$39.3M combined open-market; also exercised 1M+ derivative options at a nominal cost.
- Director Mark Garrett: 100,000 shares sold for $25.0M on May 29; also exercised 100,000 options at $3.74.
- EVP Christian Kleinerman: 7,500 shares sold for ~$1.84M across two transactions.
- Total open-market proceeds ~$67.2M; total including option exercise costs ~$70.5M cash to insiders.
- Selling represents ~0.08% of Snowflake's $90.5B market cap — trivial by proportionality standards.
- Cluster occurred 7 days after Q1 FY2027 earnings beat and raised guidance, consistent with post-earnings trading windows opening.
Financial Impact
Total open-market insider sales of ~$28.1M (cluster) / ~$67.2M all-in; 0.08% of market cap — negligible economic impact.
Risk Factors
- Insiders could continue selling near-term if additional options vest, but proportional impact remains minimal
- Sentiment noise may cause short-term retail-selling pressure on the cluster headline
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SNOW-1780529455782 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
6d ago
|
Insider Cluster
| $239.79 awaiting T+1 | awaiting T+1 | — | $232.78 (−2.92%) |
|
Jun 8, 2026
6d ago
|
Insider Cluster
| $239.79 awaiting T+1 | awaiting T+1 | — | $232.78 (−2.92%) |
|
Jun 5, 2026
9d ago
|
144
| $236.24 awaiting T+1 | awaiting T+1 | — | $232.78 (−1.46%) |
|
Jun 3, 2026
11d ago
|
Insider Cluster
| $244.17 $236.86 | ▼ −2.99% | ▼ −0.40% | $232.78 (−4.66%) |
|
Jun 1, 2026
13d ago
|
Insider Cluster
| $260.95 $241.09 | ▼ −7.61% | ▼ −6.89% | $232.78 (−10.79%) |
|
Jun 1, 2026
13d ago
|
144
| $278.95 $260.95 | ▲ +6.45% | ▲ +6.60% | $232.78 (+16.55%) |
|
May 31, 2026
14d ago
|
ANALYST-UPGRADE
| $223.65 $218.31 | ▼ −2.39% | ▼ −3.04% | $232.78 (+4.08%) |
|
May 30, 2026
16d ago
|
Insider Cluster
| $278.95 $260.95 | ▼ −6.45% | ▼ −6.60% | $232.78 (−16.55%) |
|
May 29, 2026
16d ago
|
144
| $278.95 $260.95 | ▲ +6.45% | ▲ +6.60% | $232.78 (+16.55%) |
|
May 29, 2026
16d ago
|
144
| $254.43 $278.95 | ▲ +9.64% | ▲ +9.38% | $232.78 (−8.51%) |
US Market Status
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