Summary by Futu AI
Frank Slootman, Director of Snowflake, plans to sell 1,774 Class A shares on 12/02/2024. The shares, acquired through options granted on 05/29/2019, have an aggregate market value of approximately $311,924. The transaction is part of a series of sales, with a total of 203,865 shares sold in the past 3 months, generating gross proceeds of about $35.4 million.Recent sales include 45,896 shares on 11/22/2024 and 69,981 shares on 11/25/2024. The sales are executed under a plan adopted on 03/25/2024. This announcement provides investors with insight into the director's trading activities and the potential impact on Snowflake's stock price.