[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 for Snowflake Inc. (SNOW) shows proposed and recent insider sales by Michael P. Scarpelli. The notice reports a planned sale of 323,078 common shares through Fidelity Brokerage on 09/26/2025, with an aggregate market value of $72,269,439.69. The filing states the securities were acquired via an option granted 08/27/2019 and paid for in cash on 09/26/2025. The filer also disclosed three recent sales during the prior three days: 318,533 shares on 09/23/2025 for $72,581,088.65, 85,099 shares on 09/24/2025 for $19,172,557.91, and 176,922 shares on 09/25/2025 for $39,388,781.78. The notice includes the standard certification that the seller is not aware of any undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR: A named insider executed sizeable block sales across consecutive days and intends an additional large sale, which may reflect personal liquidity rather than company fundamentals.

The filing discloses that Michael P. Scarpelli sold a total of 580,554 shares across 09/23–09/25/2025 and intends to sell another 323,078 shares on 09/26/2025. The planned sale's reported aggregate market value is $72.27 million, while the three prior-day sales generated roughly $131.14 million in gross proceeds combined. Relative to the issuer's reported outstanding shares of 338,800,000, each transaction represents a small fraction of total equity, but the concentrated timing and large dollar amounts are notable for trading flow and short-term supply pressure. The filing indicates acquisition via an option granted in 2019 and cash payment on the stated sale date, which is consistent with routine option exercises followed by disposition.

Corporate Governance Expert

TL;DR: Repeated insider dispositions over consecutive days warrant attention to insider intent and disclosure controls, though the filing affirms no undisclosed material information.

The Form 144 includes the required attestation that the seller does not possess undisclosed material adverse information. Sales were processed through Fidelity Brokerage and list the historical grant date (08/27/2019) for the option underlying the shares. From a governance perspective, clustering of sales by a named officer or insider can raise investor questions about timing, trading plans, or liquidity needs. The filing does not state a 10b5-1 plan adoption date or other mitigating details, so readers must rely solely on the attestation provided.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	323078	72269439.69	338800000	09/26/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/26/2025	Option Granted - 08/27/2019	Issuer			323078	09/26/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Michael P. Scarpelli Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	09/23/2025	318533	72581088.65
Michael P. Scarpelli Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	09/24/2025	85099	19172557.91
Michael P. Scarpelli Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	09/25/2025	176922	39388781.78

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)