Snowflake corrects mistaken stock sale notice
An amended Form 144 corrects an earlier error filed under Snowflake’s CIK, confirming no shares and no association with the individual filer.
Rhea-AI Filing Summary
Snowflake Inc. (SNOW) is named as the issuer in an amended Form 144 filing that corrects an earlier administrative error. The amendment states that the prior Form 144 was mistakenly filed under Snowflake Inc.’s CIK and that Frederick Thiel is not associated with Snowflake Inc. The corrected Form 144/A lists zero shares of Snowflake common stock held or to be sold for the account of Frederick Thiel.
Positive
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Negative
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Key Figures
Shares of Snowflake common stock to be sold: 0 shares
Shares of Snowflake common stock held at broker: 0 shares
Date of Notice: September 17, 2026
3 metrics
Shares of Snowflake common stock to be sold
0 shares
Listed in the Securities To Be Sold section for the account of Frederick Thiel
Shares of Snowflake common stock held at broker
0 shares
Shown in the Securities Information section for Fidelity Brokerage Services LLC
Date of Notice
September 17, 2026
Date the amended Form 144 notice is signed
Key Terms
Rule 144, CIK, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
CIK regulatory
"caused the filing to be made under the wrong company's CIK."
CIK (Central Index Key) is a unique numeric identifier issued by the U.S. Securities and Exchange Commission to track a company’s or individual’s public filings. Think of it like a social security number for SEC paperwork: it makes it easy to find all official disclosures, past and present. Investors use the CIK to quickly locate accurate regulatory documents, which helps verify information and assess risk before making investment decisions.
attorney-in-fact regulatory
"as attorney-in-fact for Frederick Thiel"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does this Form 144/A amendment mean for Snowflake Inc. (SNOW)?
The amendment states a prior Form 144 was filed under Snowflake Inc.’s CIK by administrative error. It confirms the individual filer is not associated with Snowflake Inc. and that no Snowflake shares are held or to be sold in this notice.
What error is being corrected in this Snowflake (SNOW) Form 144/A filing?
The amendment explains that the original Form 144 filed on September 17, 2026, contained an administrative error that caused it to be filed under the wrong company’s CIK. The corrected filing clarifies it should not have been associated with Snowflake Inc.
What relationship does Frederick Thiel have with Snowflake Inc. (SNOW) according to this filing?
The remarks explicitly state that Frederick Thiel is not associated with Snowflake Inc. The amendment clarifies this point while correcting the earlier administrative filing error.
AI-generated analysis. How Rhea-AI works. Not financial advice.