[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) Form 144 notice for proposed sale of securities. The filing reports an intended sale of 7,188 Class A shares through Fidelity Brokerage Services on the NYSE with an aggregate market value of $1,681,992.00 and 333,700,000 shares outstanding. The filer indicates the shares were acquired by an option granted on 12/11/2019 and the reported acquisition/sale date is 09/02/2025 with payment in cash. The filing also lists three recent sales by Christopher W. Degnan of 7,188 Class A shares each on 06/02/2025, 07/01/2025, and 08/01/2025 with gross proceeds of $1,498,956.05, $1,563,898.67, and $1,490,383.64 respectively. The form includes the standard insider attestation regarding knowledge of material nonpublic information.

Positive

• Filer provided clear transaction details including broker, share count, market value, and payment method
• Disclosure includes origin of shares (option granted 12/11/2019), supporting transparency
• Multiple past sales disclosed demonstrating regulatory compliance and consistency in reporting

Negative

• Repeated insider sales (monthly transfers of 7,188 shares) could be interpreted as ongoing insider liquidity events
• Aggregate market value of planned sale ($1,681,992) represents insider monetization that some investors may view negatively

Insights

Financial Analyst

TL;DR: Routine insider sale disclosure; transaction size is small relative to outstanding shares.

The notice documents a planned single-block sale of 7,188 Class A shares valued at $1.68 million and shows three prior monthly sales of identical share counts with consistent cash proceeds. Against 333.7 million outstanding shares, the transaction is immaterial from a market-capitalization standpoint. The shares derive from an option granted in 2019 and the payment method is cash, indicating a standard exercise-and-sell pattern. For investors, this is a disclosure of insider liquidity rather than operational news.

Corporate Governance Expert

TL;DR: Multiple recent insider sales suggest ongoing personal liquidity events; disclose-and-sell appears compliant.

The filing follows Rule 144 requirements and includes the standard certification about material nonpublic information. Repeated monthly sales of identical share amounts imply a systematic disposal pattern, possibly pre-arranged or recurring exercises. The source of the shares is an option granted on 12/11/2019, and the seller attests to absence of undisclosed material information. This is a governance compliance disclosure rather than a signal of company distress, though repeated insider sales can warrant monitoring.

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	1681992.00	333700000	09/02/2025	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	09/02/2025	Option Granted - 12/11/2019	Issuer			7188	09/02/2025	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	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
Christopher W. Degnan Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	08/01/2025	7188	1490383.64

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

What does the SNOW Form 144 filing disclose?

The filing discloses a proposed sale of 7,188 Class A shares via Fidelity on the NYSE valued at $1,681,992.00, and shows three prior sales of 7,188 shares each in June, July, and August 2025.

Who is identified as having sold SNOW shares recently?

The document lists Christopher W. Degnan as the seller for the three recent sales dated 06/02/2025, 07/01/2025, and 08/01/2025.

How were the shares acquired that are being sold under this Form 144?

The shares were acquired via an option granted on 12/11/2019, with the reported acquisition/sale date for the current notice on 09/02/2025 and payment in cash.

Is this Form 144 an indication of undisclosed material information about Snowflake (SNOW)?

By signing the form the seller represents they do not know any material adverse nonpublic information about the issuer; the filing itself is a disclosure of an intended sale and does not state any material company developments.

How large is the planned sale relative to Snowflake's outstanding shares?

The planned sale of 7,188 shares is small relative to 333,700,000 shares outstanding, making it immaterial to total share count.