[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) Form 144 notice reports a proposed sale of 25,000 Class A shares through Fidelity Brokerage Services on the NYSE with an aggregate market value of $5,573,000, and an approximate sale date of 09/04/2025. The shares are reported as acquired on 09/04/2025 upon exercise of options granted on 12/11/2019, with payment indicated as cash. The filing also lists multiple prior sales by the same seller, Benoit Dageville, between 06/10/2025 and 08/28/2025 totaling several blocks including four separate 25,000-share sales and other smaller transactions, with gross proceeds shown for each sale. The filer attests there is no undisclosed material information and the notice serves as a compliance disclosure of an insider sale plan or intended sale.

Positive

• Form 144 filed, indicating compliance with securities sale reporting requirements
• Source of shares disclosed as options granted on 12/11/2019 and payment in cash

Negative

• Insider selling a sizable block of 25,000 shares valued at $5,573,000, which may concern some investors
• Multiple recent sales by the same insider between 06/10/2025 and 08/28/2025, including several 25,000-share transactions

Insights

Securities Analyst

TL;DR: Insider plans to sell a sizable block of 25,000 SNOW shares valued at $5.57M; prior recent sales show continued disposition of holdings.

The filing discloses a proposed sale arising from exercised options and executed through a major broker on the NYSE, which is a standard compliance step for insiders monetizing equity. The listed transaction size is meaningful on a per-trade basis but must be viewed alongside the pattern of multiple prior sales by the same individual over the prior three months. For investors, this is a disclosure of insider selling activity rather than operational results; it signals liquidity realization by an insider but does not, by itself, indicate company performance issues. Documentation shows payment in cash and option origin dated 12/11/2019, which supports a routine exercise-and-sell transaction.

Corporate Governance Expert

TL;DR: The Form 144 appears properly completed to report a planned insider sale from option exercise, with attestations required by Rule 144.

The notice includes required details: class of shares, broker, number of shares, aggregate market value, source of shares (options granted 12/11/2019), and prior sales within three months. Filing completeness and the seller's representation of no undisclosed material information align with compliance expectations. The recurring sales pattern suggests reliance on a systematic disposition approach or liquidity needs, but the form itself provides no commentary on plan adoption dates or 10b5-1 reliance, so those governance specifics are not available in the document.

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

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	25000	5573000.00	333700000	09/04/2025	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	09/04/2025	Options Granted - 12/11/2019	Issuer			25000	09/04/2025	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
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/10/2025	548	115058.08
Benoit Dageville Suite 3A, 106 East Babcock Street Bozeman MT 59715	Class A	06/17/2025	1912	397696.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/23/2025	870	182586.90
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/30/2025	25000	5621000.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/10/2025	25000	5545750.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/24/2025	25000	5365812.50
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	08/07/2025	25000	5375000.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	08/21/2025	18750	3615187.50
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	08/28/2025	6250	1375687.50

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 disclose?

The notice discloses a proposed sale of 25,000 Class A shares via Fidelity on the NYSE with aggregate market value $5,573,000 and prior sales by the same seller listed.

Who is the seller named on the filing for SNOW?

The seller listed in the document is Benoit Dageville with a series of sales recorded between 06/10/2025 and 08/28/2025.

What is the source of the shares being sold according to the Form 144?

The shares are reported as acquired by exercise of options granted on 12/11/2019, with acquisition date shown as 09/04/2025 and payment made in cash.

When is the approximate date of the proposed sale?

The filing lists the approximate date of sale as 09/04/2025.

Are there prior sales by the same person disclosed?

Yes, multiple prior sales are disclosed, including transactions of 25,000 shares on 06/30/2025, 07/10/2025, 07/24/2025, and 08/07/2025, plus other smaller trades.