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SEC EDGARSEP 171 min read$SNOW

Slootman Frank sold $2.6M of SNOW

Slootman Frank sold 8,191 shares of Snowflake Inc. (SNOW) at $318.51 ($2.61M total) on 2026-09-16 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Slootman Frank
Published Sep 17, 2026, 12:35 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 17, 2026, 1:02 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefInsider activity
Primary signal
$SNOW
Bearish
medium confidence
Mentioned
$SNOW
Relevance
5/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$SNOWBearishLow
01

Why it matters

The transaction provides fresh data on insider holdings, but the modest size limits market impact.

02

Market read

Primary insider sale news with modest size; likely limited short‑term price effect.

03

What to watch

Potential upcoming earnings or strategic announcements that may offset the negative perception of the sale.

Relevance 5/10Novelty 6/10Timing: filing date 2026-09-16

Background

Form 4 filings disclose insider transactions; a director's sale via a 10b5‑1 plan is a routine disclosure.

Company-level read

Ticker impact

$SNOWBearishMedium confidence
Context

Director Frank Slootman sold 8,191 shares of Snowflake for $2.6M via a 10b5‑1 plan on 2026‑09‑16.

Expected impact

Possible modest dip of 1‑2% in the next trading session.

Evidence & confidence

While the amount is relatively small for a mid‑cap, a director sale via a pre‑arranged plan can be interpreted as a neutral to slightly bearish signal.

Market effects

Sector

Minimal impact on the cloud‑software sector; insider sales are common and unlikely to shift sector sentiment.

Regional

No regional effect; the filing is U.S. specific.

Global

Limited global relevance; only Snowflake investors may react.

Counterpoint

What could challenge this read

The sale could be purely portfolio rebalancing under a 10b5‑1 plan, not a bearish signal.

Key entities

  • Company
    Snowflake Inc.

    Cloud data‑warehousing provider listed on NYSE under ticker SNOW.

  • Individual
    Frank Slootman

    Director of Snowflake who executed the sale.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

SNOW insider trading history →

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