Snowflake (NYSE: SNOW) insider sells 200,000 shares via option exercise
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Snowflake Inc. proposed the sale of 200,000 shares of Common Stock via a stock option exercise for cash, with an intended sale date of 06/18/2026. The filing also lists multiple sales by Frank Slootman in the three months before the notice, with individual dispositions and gross proceeds shown by date.
Positive
- None.
Negative
- None.
Key Figures
Proposed sale: 200,000 shares
Broker listed: Fidelity Brokerage Services LLC
Prior sale (03/18/2026): 88,701 shares
+3 more
6 metrics
Proposed sale
200,000 shares
stock option exercise scheduled 06/18/2026
Broker listed
Fidelity Brokerage Services LLC
identified for the 200,000-share transaction
Prior sale (03/18/2026)
88,701 shares
Frank Slootman disposition on 03/18/2026
Prior sale (05/28/2026)
400,000 shares
Frank Slootman disposition on 05/28/2026
Prior sale (05/29/2026)
437,076 shares
Frank Slootman disposition on 05/29/2026
Example gross proceeds (05/29/2026)
$110,332,852.47
gross proceeds reported for the 437,076-share sale on 05/29/2026
Key Terms
Form 144, Stock Option Exercise, Fidelity Brokerage Services LLC
3 terms
Form 144 regulatory
"proposed sale of 200,000 shares via a stock option exercise"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Stock Option Exercise financial
"Stock Option Exercise | Issuer | 200000 | 06/18/2026 | Cash"
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.
Fidelity Brokerage Services LLC market
"Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917"
FAQ
What does Snowflake's Form 144 (SNOW) report?
It reports a proposed sale of 200,000 shares from a stock option exercise scheduled for 06/18/2026. The filing lists past dispositions by Frank Slootman with dates and gross proceeds for each sale within the prior three months.
Who is the selling party named in the Form 144 for SNOW?
The filing lists Frank Slootman as the reporting person for multiple prior sales and identifies Fidelity Brokerage Services LLC as a broker for the current 200,000-share exercise sale on 06/18/2026.
What recent sales by Frank Slootman are disclosed in the filing?
The filing lists multiple prior dispositions by Frank Slootman: 88,701 (03/18/2026), 11,299 (03/19/2026), 144,650 (05/19/2026), and others, each with the gross proceeds shown alongside the sale date.
Does the Form 144 state how proceeds will be used?
The notice indicates the 200,000-share transaction arises from a stock option exercise for cash; the filing does not specify any use-of-proceeds instructions or allocations in the provided excerpt.