Director Mark Garrett sells 100,000 SNOW shares ($25.0M) at $250.00; retains 8,801 shares plus 400,000 stock options
Mark Garrett, a director at Snowflake, sold 100,000 shares (100.0K shares) on 2026-05-29 at $250.00 per share for a total value of $25,000,200.00 ($25.0M), reducing his non-derivative holdings from 108,801 shares to 8,801 shares. While this represents a -91.9% reduction in non-derivative holdings, the insider retains 400,000 stock options and the trade occurred with SNOW trading near its 52-week high of $280.67, having appreciated 98.7% over the prior 30 days and 69.0% over 90 days. At the same-ticker level, Garrett's prior sell on 2025-05-23 resulted in a -2.2% 90-day return, indicating he sold before subsequent declines; his cross-ticker sell history shows a 100.00% well-timed rate at the 90-day mark with an average 90-day return of -2.2%. The company is growing revenue at 29.2% annually but remains unprofitable with a net loss of $-293,957,000.00 ($-294.0M) in the most recent full fiscal year, and the substantial derivative optionality (400,000 shares) suggests his economic exposure to SNOW appreciation remains significant.