Snowflake director plans $65.9M stock sale

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) director Frank Slootman filed a Rule 144 notice to sell up to 197,209 shares of Snowflake common stock, expected on or after September 18, 2026, through a stock option exercise with sales routed via Fidelity Brokerage Services LLC on the NYSE. The filing lists an aggregate market value of $65,888,271.52 for the shares to be sold, while Snowflake had 352,800,000 shares outstanding as of September 18, 2026; this is a baseline figure, not the amount being offered. The notice also details multiple Snowflake share sales by Slootman over the prior three months, including several transactions in June, July, August, and September 2026.

Key Figures

Shares to be sold under Rule 144: 197,209 shares Aggregate market value of planned sale: $65,888,271.52 Shares outstanding: 352,800,000 shares +4 more

7 metrics

Shares to be sold under Rule 144 197,209 shares Snowflake common stock planned for sale on or after September 18, 2026

Aggregate market value of planned sale $65,888,271.52 Market value associated with the 197,209 shares to be sold

Shares outstanding 352,800,000 shares Snowflake common shares outstanding as of September 18, 2026

Sale on June 18, 2026 200,000 shares for $44,854,000.00 Snowflake common stock sold by Frank Slootman during past three months

Sale on July 20, 2026 289,685 shares for $79,486,058.81 Snowflake common stock sold by Frank Slootman during past three months

Sale on August 18, 2026 251,010 shares for $81,710,089.37 Snowflake common stock sold by Frank Slootman during past three months

Sale on September 16, 2026 8,191 shares for $2,608,915.41 Most recent prior sale listed in the three-month history

Key Terms

Rule 144, stock option exercise, attorney-in-fact, aggregate market value

4 terms

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.

stock option exercise financial

"Common | 09/18/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

attorney-in-fact regulatory

"as attorney-in-fact for Frank Slootman"

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.

aggregate market value financial

"197209 | 65888271.52 | 352800000 | 09/18/2026 | NYSE"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for SNOW disclose about Frank Slootman?

The filing states that director Frank Slootman plans to sell up to 197,209 shares of Snowflake Inc. common stock under Rule 144, via a stock option exercise, with sales expected on or after September 18, 2026 through Fidelity Brokerage Services LLC on the NYSE.

How many Snowflake (SNOW) shares are covered by this Form 144 notice?

The notice covers up to 197,209 shares of Snowflake Inc. common stock. The filing associates these shares with an aggregate market value of $65,888,271.52 as part of the planned Rule 144 sales.

What recent Snowflake (SNOW) share sales by Frank Slootman are listed?

The filing lists several past three-month sales, including 200,000 shares on June 18, 2026 for $44,854,000.00 and 289,685 shares on July 20, 2026 for $79,486,058.81, along with additional transactions in June, July, August, and September 2026.

How many Snowflake (SNOW) shares were outstanding according to the Form 144?

According to the filing, Snowflake Inc. had 352,800,000 shares outstanding as of September 18, 2026. This figure provides context for the company’s total equity base and is separate from the 197,209 shares covered by the Rule 144 notice.

What is the nature of the planned Snowflake (SNOW) sale in this Form 144?

The planned sale is tied to a stock option exercise, with Snowflake common shares expected to be sold on or after September 18, 2026. The filing identifies the issuer as Snowflake Inc. and the transaction type as “Stock Option Exercise.”

Who is executing the planned Snowflake (SNOW) sales for Frank Slootman?

The filing identifies Fidelity Brokerage Services LLC, located in Smithfield, Rhode Island, as the brokerage handling the Snowflake common stock covered by the Rule 144 notice for Frank Slootman.

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

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Available on EDGAR 09/18/2026 - 04:09 PM Accepted by SEC EDGAR 09/18/2026 - 04:08 PM Learn about SEC filing dates

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	0001402348
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Snowflake Inc.
SEC File Number	001-39504
Address of Issuer	135 CONSTITUTION DRIVE MENLO PARK CALIFORNIA 94025
Phone	844-766-9355
Name of Person for Whose Account the Securities are To Be Sold	Slootman Frank
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	Director

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
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	197209	65888271.52	352800000	09/18/2026	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 *
Common	09/18/2026	Stock Option Exercise	Issuer			197209	09/18/2026	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 135 Constitution Drive Menlo Park CA 94025	Common	06/18/2026	200000	44854000.00
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	06/26/2026	100	25000.00
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	06/29/2026	99900	25147567.26
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	07/20/2026	289685	79486058.81
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	07/21/2026	10315	2837611.35
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	08/18/2026	251010	81710089.37
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	08/19/2026	48990	15715002.33
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	09/16/2026	8191	2608915.41

144: Remarks and Signature

Remarks
Date of Notice	09/18/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/19/2025
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	/s/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Frank Slootman
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)