Snowflake's CEO Frank Slootman has scheduled a stock transaction for 12/30/2024. The plan involves exercising 100,000 stock options at $8.88 per share and immediately selling the acquired shares at $155 each, resulting in a total market value of $15.5 million.Following the transaction, Slootman's direct ownership will decrease to 195,281 shares. Additionally, he indirectly holds 867,779 shares through various trusts, a foundation, and an LLC. The largest indirect holdings are in trusts, with 335,146 shares in one trust and 250,030 in another.This planned transaction demonstrates a significant liquidation of directly held shares by the CEO, while maintaining substantial indirect ownership through various entities. The high sale price relative to the exercise price suggests a considerable profit from the stock options.

Snowflake's CEO Frank Slootman has scheduled a stock transaction for 12/30/2024. The plan involves exercising 100,000 stock options at $8.88 per share and immediately selling the acquired shares at $155 each, resulting in a total market value of $15.5 million.Following the transaction, Slootman's direct ownership will decrease to 195,281 shares. Additionally, he indirectly holds 867,779 shares through various trusts, a foundation, and an LLC. The largest indirect holdings are in trusts, with 335,146 shares in one trust and 250,030 in another.This planned transaction demonstrates a significant liquidation of directly held shares by the CEO, while maintaining substantial indirect ownership through various entities. The high sale price relative to the exercise price suggests a considerable profit from the stock options.