Director Jeremy Burton sells 19,111 shares (19.1K) at $220.80 for $4.2M; exits 82.7% of position at near 52-week high.
Jeremy Burton, a Director at Snowflake, executed two separate sales totaling 19,111 shares for $4,219,752.74 on 2025-06-24 at a blended average price of $220.80, reducing his holdings from 23,098 shares to 3,987 shares—a reduction of 82.7% versus his pre-transaction holdings. The transaction occurred at $220.80, within 0.6% of the 52-week high of $223.14, with the stock up 7.6% over the past 30 days and 47.3% over 90 days. Burton has only one prior measurable sale on record at Snowflake (on 2025-05-23), which showed a 30-day return of +6.0%, though the longer-term performance remains limited in sample size. The company is trading near its 52-week peak despite ongoing unprofitability (net income of $-430,092,000 on $1,042,074,000 quarterly revenue), with a market cap of $74.1B supported primarily by strong revenue growth of 29.2% year-over-year. The scale of the position reduction—divesting 82.7% of holdings in two transactions—represents a material change in his stake during a period of elevated valuation relative to the company's current profitability profile.