[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) – Form 144 filing dated 07/03/2025

The filing discloses that Frank Slootman intends to sell 178,949 Class A shares, representing roughly 0.054 % of Snowflake’s 333.7 million shares outstanding. Based on the reported market price, the proposed sale is valued at $39.6 million. Fidelity Brokerage Services LLC is listed as the executing broker and the shares will be sold on the NYSE.

Recent insider activity

• During the previous three weeks (06/10/2025-07/02/2025), Slootman sold 1,439,879 Class A shares for gross proceeds of $316.5 million.
• The additional 178,949 shares would lift the cumulative three-month total to roughly 1.62 million shares, or 0.49 % of current shares outstanding.

The sales stem from option grants dated 05/29/2019 and appear to be cash-settled. The form contains the customary representation that the filer is unaware of undisclosed material information.

Investment view: While the percentage of total outstanding shares is small, the magnitude and frequency of recent insider sales—particularly by the company’s chief executive—may weigh on investor sentiment and create short-term technical pressure on SNOW’s share price.

Positive

• Sale size is only 0.054 % of shares outstanding, limiting dilution and market-supply impact.

Negative

• CEO Frank Slootman has sold 1.44 million shares ($316 million) in the last three weeks, signalling aggressive insider monetisation.
• An additional 178,949-share sale worth $39.6 million is planned, potentially exerting further technical pressure on SNOW shares.
• No explicit 10b5-1 plan date is provided, which may raise questions over trading-plan transparency.

Insights

Securities Analyst

TL;DR Heavy, recurring insider sales by CEO; 178.9 k more shares planned, taking three-month total above 1.6 m.

Continuing Form 144 filings from Frank Slootman point to persistent insider monetisation. Though the new tranche is just 0.054 % of float, cumulative sales now exceed 0.49 % and $356 million in proceeds. Such volume can pressure shares and may be interpreted as waning executive confidence, albeit the sales originate from long-dated option grants and do not alter Snowflake’s capital structure. From a market-impact perspective, this is negative for near-term sentiment and could cap rallies until selling abates.

Corporate Governance Expert

TL;DR CEO liquidation under Rule 144 raises optics issues; governance risk modest but watch 10b5-1 clarity.

The filing obeys disclosure rules, yet repeated sizeable sales by the CEO in a compressed window draw scrutiny. Investors typically prefer transparent 10b5-1 schedules; none is referenced here, which may increase perception of discretionary timing. Governance impact is limited structurally, but absent clearer pre-planning, stakeholders may question alignment between leadership and long-term shareholder value.

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	178949	39577203.49	333700000	07/03/2025	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	07/03/2025	Options Granted - 05/29/2019	Issuer			178949	07/03/2025	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
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/10/2025	1859	390315.64
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/17/2025	7294	1517152.00
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/26/2025	424852	93189806.24
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/27/2025	306502	68185276.36
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/30/2025	217432	48656538.41
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/01/2025	294125	63910926.55
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/02/2025	187815	40671970.88

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 shares is Frank Slootman planning to sell in this Form 144?

He intends to sell 178,949 Class A shares.

What is the market value of the proposed SNOW share sale?

The aggregate value is approximately $39.6 million.

How many Snowflake shares has the CEO sold in the past three weeks?

He has sold 1,439,879 shares between 06/10/2025 and 07/02/2025.

What percentage of Snowflake’s outstanding shares do the new 178,949 shares represent?

About 0.054 % of the 333.7 million shares outstanding.

When is the approximate sale date for the new shares?

The filing lists an approximate sale date of 07/03/2025.

Which broker will execute the trade and on which exchange?

The broker is Fidelity Brokerage Services LLC; the shares will be sold on the NYSE.