Summary by Moomoo AI
Snowflake Inc. officer and director, Frank Slootman, is set to sell 213,922 Class A shares of the company, with an aggregate market value of approximately $49.77 million, on February 9, 2024. The shares were originally acquired on the same date through an option granted on May 29, 2019, from the issuer, and will be paid for in cash. This transaction follows a series of sales over the past three months, where a total of 983,215 shares were sold for gross proceeds of nearly $194.7 million.