Slootman Sells Big Stake in Snowflake | Business and Finance News

Snowflake CEO Frank Slootman just cashed out a massive $82.3 million by selling 300,000 shares over two days—buying them at just $8.88 each via options and flipping them on the open market. Despite this huge exit, he’s still deeply invested through trusts and derivative securities. While the move raises eyebrows—especially since he used to lead the company—it was done under a pre-planned strategy. Snowflake remains a data cloud giant with a $94B market cap, $5B in annual revenue, and a growing industry ahead, even as it reports a $1.2B net loss. The sale is big, but context matters: Slootman’s still a key stakeholder in a company riding a major market wave. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/aba9fc0622b6c9f8