Snowflake director plans $34.5M stock sale

Snowflake director Frank Slootman filed a Rule 144 notice to sell 102,791 shares following substantial sales over the prior three months.

Available on EDGAR 09/21/2026 - 03:57 PM EDT Accepted by SEC EDGAR 09/21/2026 - 03:56 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) received a Rule 144 notice indicating that director Frank Slootman plans to sell 102,791 shares of Snowflake common stock, to be acquired by stock option exercise and sold through Fidelity Brokerage Services LLC, with an approximate sale date of September 21, 2026.

The notice lists an aggregate market value for these shares of $34,457,272.04 and states that 352,800,000 shares of the same class were outstanding. It also details multiple sales of Snowflake common stock during the prior three months, including transactions associated with the Slootman Family Foundation.

Key Figures

Shares to be sold: 102,791 shares Aggregate market value of planned sale: $34,457,272.04 Shares outstanding of same class: 352,800,000 shares +4 more

7 metrics

Shares to be sold 102,791 shares Snowflake common stock planned for sale under Rule 144

Aggregate market value of planned sale $34,457,272.04 Aggregate market value for 102,791 shares to be sold

Shares outstanding of same class 352,800,000 shares Shares of Snowflake common stock outstanding as reported in the notice

Sale on July 20, 2026 289,685 shares; $79,486,058.81 Snowflake common stock sold by Frank Slootman during past three months

Sale on August 18, 2026 251,010 shares; $81,710,089.37 Snowflake common stock sold by Frank Slootman during past three months

Sale on September 18, 2026 by Slootman Family Foundation 155,000 shares; $51,393,908.00 Sale of Snowflake common stock by Slootman Family Foundation

Date of notice September 21, 2026 Date the Rule 144 notice was filed

Key Terms

Rule 144, stock option exercise, aggregate market value, Securities To Be Sold

4 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.

stock option exercise financial

"Common | 09/21/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

aggregate market value financial

"Common | Fidelity Brokerage Services LLC ... | 102791 | 34457272.04"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Securities To Be Sold regulatory

"144: Securities To Be Sold"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Rule 144 filing disclose for Snowflake Inc. (SNOW)?

The filing discloses that Frank Slootman, a director of Snowflake Inc., filed a Rule 144 notice to sell 102,791 shares of Snowflake common stock, to be acquired via stock option exercise and sold around September 21, 2026 through Fidelity Brokerage Services LLC.

How many Snowflake (SNOW) shares are planned to be sold under this notice?

The notice states that 102,791 shares of Snowflake common stock are to be sold. These shares are tied to a stock option exercise and are scheduled for sale around September 21, 2026, subject to Rule 144 conditions.

What is the aggregate market value of the Snowflake (SNOW) shares in this planned sale?

The planned sale covers Snowflake common stock with an aggregate market value of $34,457,272.04, as reported in the Rule 144 notice for the 102,791 shares to be sold.

How many Snowflake (SNOW) shares of this class are outstanding according to the notice?

The Rule 144 notice reports that there are 352,800,000 shares of the same class of Snowflake common stock outstanding, providing context for the relative size of the 102,791-share planned sale.

What Snowflake (SNOW) stock sales occurred in the past three months for this filer?

The notice lists several sales, including 289,685 shares on July 20, 2026 for $79,486,058.81 and 251,010 shares on August 18, 2026 for $81,710,089.37, among other transactions in June, July, August, and September 2026.

What does the filing say about the Slootman Family Foundation’s Snowflake (SNOW) sales?

The filing lists a sale of 155,000 shares of Snowflake common stock by the Slootman Family Foundation on September 18, 2026 for $51,393,908.00, and remarks that recent three‑month sales occurred in the foundation, where Frank Slootman is an authorized individual and account stakeholder.

Who signed the Rule 144 notice related to Snowflake (SNOW)?

The notice is signed by Joshua Schmitt, described as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Frank Slootman, on the date of notice September 21, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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	0001402348
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Snowflake Inc.
SEC File Number	001-39504
Address of Issuer	135 CONSTITUTION DRIVE MENLO PARK CALIFORNIA 94025
Phone	844-766-9355
Name of Person for Whose Account the Securities are To Be Sold	Slootman Frank
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	Director

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	102791	34457272.04	352800000	09/21/2026	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	09/21/2026	Stock Option Exercise	Issuer			102791	09/21/2026	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
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	06/26/2026	100	25000.00
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	06/29/2026	99900	25147567.26
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	07/20/2026	289685	79486058.81
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	07/21/2026	10315	2837611.35
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	08/18/2026	251010	81710089.37
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	08/19/2026	48990	15715002.33
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	09/16/2026	8191	2608915.41
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	09/18/2026	197209	65888275.28
Slootman Family Foundation 135 Constitution Drive Menlo Park CA 94025	Common	09/18/2026	155000	51393908.00

144: Remarks and Signature

Remarks	Sales from the past 3 months occurred in the Slootman Family Foundation of which Frank Slootman is a authorized individual and account stakeholder.
Date of Notice	09/21/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/19/2025
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	/s/ Joshua Schmitt, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Frank Slootman.
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)