[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) Form 144 filing reveals that insider Christopher W. Degnan plans to sell 7,188 Class A shares through Fidelity Brokerage on or after 01 Aug 2025. The proposed sale is valued at $1.56 million, a negligible 0.002 % of the company’s 333.7 million shares outstanding.

The stock originates from an employee option granted 11 Dec 2019 and will be exercised for cash before the sale. Degnan has already disposed of 21,564 shares in the past three months across four transactions, realising $4.34 million in gross proceeds. While the transaction size is immaterial to Snowflake’s float and does not alter fundamentals, it extends a recent pattern of insider monetisation that investors may monitor.

Positive

• None.

Negative

• Continued insider selling: Degnan plans to sell 7,188 shares ($1.56 M) after unloading 21,564 shares over the prior 3 months, which may pressure sentiment.

Insights

Securities Analyst

TL;DR: Small, routine insider sale—immaterial to float but continues selling trend.

The 7,188-share sale equals 0.002 % of outstanding stock, so supply overhang is de minimis. Nonetheless, Degnan has liquidated 21,564 shares since May, totalling $4.34 M, and this filing lifts cumulative planned sales to ~$5.9 M. Persistent insider selling can weigh on sentiment, yet the modest scale relative to Snowflake’s $60 B+ market cap suggests minimal direct valuation impact. No new company information accompanies the notice.

Corporate Governance Expert

TL;DR: Filing signals ongoing insider diversification, not necessarily governance concern.

Degnan certifies he holds no undisclosed adverse information and appears to be executing option-related liquidity events. The use of Rule 10b5-1 (box available but not filled) is unclear, but prior sequential sales indicate a structured plan. Because the aggregate volume remains far below SEC reporting thresholds for major ownership changes, governance risk is low. Impact for shareholders is largely perceptual, revolving around insider sentiment rather than control or dilution.

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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	7188	1558358.40	333700000	08/01/2025	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 *
Class A	08/01/2025	Option Granted - 12/11/2019	Issuer			7188	08/01/2025	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
Christopher W. Degnan Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	05/01/2025	4792	798351.03
Christopher W. Degnan Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	05/22/2025	2396	482654.55
Christopher W. Degnan Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/02/2025	7188	1498956.05
Christopher W. Degnan Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/01/2025	7188	1563898.67

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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)

FAQ

How many Snowflake (SNOW) shares is Christopher Degnan planning to sell?

7,188 Class A shares according to the Form 144 filing.

What is the estimated value of the planned SNOW share sale?

About $1.56 million based on current market prices.

When is the planned sale date for Degnan's Snowflake shares?

On or after 01 August 2025 via the NYSE.

How much has Degnan already sold in the last three months?

He sold 21,564 shares for roughly $4.34 million in gross proceeds.

What percentage of Snowflake’s outstanding shares does the planned sale represent?

Approximately 0.002 % of the 333.7 million shares outstanding.

Do these insider sales affect Snowflake’s fundamentals?

The volumes are immaterial to share count and do not change the company’s operations or financials.