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Snowflake officer proposes $5.12M stock sale

Those prior-period entries include sales under two LLC names; the remarks identify Kleinerman as an authorized individual and account stakeholder on both.

(Neutral)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
144

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) lists a proposed sale by Christian Kleinerman, an Officer, of 15,000 common shares through Fidelity Brokerage Services LLC. The notice gives an aggregate market value of $5,123,550 and an approximate sale date of October 1, 2026. It also includes reported common-stock sales during the preceding three months.

Common shares proposed for sale 15,000 shares Notice of proposed sale
Aggregate market value $5,123,550 Proposed sale
Approximate sale date October 1, 2026 Proposed sale
Shares outstanding 352,800,000 shares Figure listed in the securities information table
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.
Founders Shares financial
"Founders Shares"
Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.
attorney-in-fact regulatory
"as attorney-in-fact for Christian Kleinerman"
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.

How many SNOW shares does Christian Kleinerman plan to sell?

The notice lists a proposed sale of 15,000 common shares, with an aggregate market value of $5,123,550 and an approximate sale date of October 1, 2026.

Which accounts are included in the past three months of SNOW sales?

The reported sales include transactions under the names Christian Kleinerman, Kleinerman 2020 Dynasty LLC and Kleinerman 2020 Nonexempt LLC. The remarks identify Christian Kleinerman as an authorized individual and account stakeholder on both LLC accounts.

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

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

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