[144] Snowflake Inc. SEC Filing
Rhea-AI Filing Summary
Form 144 filed for Snowflake Inc. (SNOW): The notice reports a proposed sale of 18,750 Class A shares to be sold through Fidelity Brokerage Services LLC on 08/21/2025 with an aggregate market value of $3,615,187.50. The shares were acquired as options granted on 12/11/2019 and the filing shows cash as the payment method. The filer is identified by name in past sales entries as Benoit Dageville, who executed multiple Class A sales between 06/10/2025 and 08/07/2025 totaling 79,244 shares with gross proceeds shown for each transaction. The filing includes a compliance representation regarding material nonpublic information and trading plans but does not provide the filers relationship to the issuer in the visible fields.
Positive
- Clear disclosure of the number of shares, broker, sale date, acquisition date, and nature of acquisition
- Past sales are listed with dates, amounts, and gross proceeds, providing transparent execution history
- Representation that signer does not possess undisclosed material information and reference to Rule 10b5-1 language
Negative
- Substantial insider sales in the past months totaling 79,244 shares, which may be material to some investors
- Filer relationship to issuer is not shown in the provided excerpt, leaving a gap in contextual disclosure
Insights
TL;DR: Insider proposes sale of 18,750 SNOW Class A shares after a series of recent dispositions; filing is routine disclosure of planned sale.
The Form 144 discloses a planned sale through a registered broker with explicit acquisition details noting these shares originate from options granted 12/11/2019 and will be sold for cash on 08/21/2025. Recent transactions by the same named seller are listed with specific dates, share amounts, and gross proceeds, providing transparent execution history. For investors, this is a standard insider sale notice that documents timing, source, and economic terms without forward-looking statements.
TL;DR: Filing meets Rule 144 disclosure elements but omits an explicit relationship field in visible content, which is commonly provided.
The notice includes required items: title of class, broker details, number of shares, acquisition date and nature, and past three-month sales. It also contains the signers representation about material nonpublic information and 10b5-1 plan language. The visible content does not explicitly state the filers relationship to the issuer within the provided tables, which is a notable omission in the excerpt though it may exist elsewhere in the full filing.