Frank Slootman Has Sold $60 Billion in Stock Across Five Companies

$60 Billion Across Five Companies

Frank Slootman, the former CEO and current board member of Snowflake Inc. (SNOW), has sold an estimated $60.2 billion in stock across his career according to SEC Form 4 filings. That figure spans five public companies over nearly two decades and makes Slootman one of the most prolific insider sellers in the history of enterprise software.

His most recent sales — $103 million between December 2025 and February 2026 — follow the same pattern he has used since Snowflake’s September 2020 IPO: exercise deep-in-the-money options at $8.88 per share, then sell immediately at market prices 20 to 25 times higher.

Recent Sales: $103M in Three Months

Date	Shares Sold	Avg Price	Est. Value	Options Exercised
Dec 18, 2025	~200,000	$221	$44.3M	200,000 @ $8.88
Jan 20, 2026	~200,000	$207	$41.3M	400,000 @ $8.88
Feb 18, 2026	~100,000	$177	$17.6M	200,000 @ $8.88
Total	~500,000		$103.2M	800,000

The $8.88 Options: 2,250% Spread

Slootman’s options carry a strike price of $8.88 per share — a price that reflects Snowflake’s pre-IPO valuation. When he exercises and sells at $207 (January) or $177 (February), each option generates between $168 and $198 in gross profit. That’s a 1,890% to 2,230% gain on each share.

The declining sell prices tell a secondary story: SNOW fell from $223 in mid-December to $177 in mid-February, a 20% drop. Slootman sold through the entire decline, reducing lot sizes as prices fell but never pausing the program. This is textbook 10b5-1 pre-arranged plan execution — the sales happen regardless of market conditions.

The Slootman Playbook: Build, Sell, Repeat

Slootman is perhaps the most successful “operator-turned-seller” in Silicon Valley history. His track record:

• Data Domain (2007-2009): Led as CEO, sold to EMC for $2.1 billion
• ServiceNow (NOW) (2011-2017): CEO who took it from $93M to $1.4B revenue. Sold substantial stock over years.
• Snowflake (SNOW) (2019-2024): CEO who led the largest software IPO in history ($3.4B raised in September 2020). Stepped down as CEO in February 2024, remains on the board.

Across these companies, Slootman has filed 1,086 Form 4 transactions totaling $60.2 billion in sell proceeds with zero open-market purchases. His buying has always been through options grants and awards — never with his own cash.

Still Holds 6.6 Million Shares

Despite decades of selling, Slootman still holds approximately 6.6 million shares of Snowflake, worth roughly $1.2 billion at current prices near $177. His remaining options pool allows for continued exercise-and-sell transactions at the $8.88 strike price for the foreseeable future.

The February 2026 sell at $177 is notably lower than where Snowflake traded even two months earlier. Yet Slootman continues executing his plan — a signal that these are systematic, not reactive, dispositions.

What to Watch

• Monthly cadence — Slootman has been selling approximately once per month since late 2025. The next sale may come in mid-March.
• Remaining options — The $8.88 strike options represent a finite pool. Each exercise reduces the remaining count by 100K–400K shares.
• Board tenure — Slootman stepped down as CEO in February 2024 but remains on the board. Any departure would end his insider filing obligations.
• SNOW price trajectory — With the stock down 20% in three months and Slootman still selling, the market is watching whether this supply overhang continues.

Track Frank Slootman’s insider transactions on his 13F Insight profile, or view institutional holders of Snowflake on the SNOW stock detail page.