Summary by Futu AI
Frank Slootman, an officer and director at Snowflake Inc., is set to sell 86,078 Class A shares of the company, with an aggregate market value of approximately $19.38 million, on February 8, 2024. The shares were originally acquired on the same date through options granted on May 29, 2019, from the issuer, and will be paid for in cash. This transaction follows a series of sales over the past three months, where a total of 905,857 shares were sold for gross proceeds of nearly $176.71 million.