[144] Snowflake Inc. SEC Filing
Rhea-AI Filing Summary
Snowflake Inc. (SNOW) Form 144 filing reports a proposed sale of 1,938 common shares, with an aggregate market value of $433,840.68, to be sold through Fidelity Brokerage Services on the NYSE with an approximate sale date of 09/09/2025. The securities were acquired on 09/08/2025 upon restricted stock vesting and paid as compensation. The filing also lists historical sales by the same account over the prior three months, including multiple dispositions of common stock executed between 06/10/2025 and 08/28/2025, each entry showing the number of shares sold and gross proceeds. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Large recent insider dispositions and a planned sale of vested restricted shares are disclosed; monitoring market impact is warranted.
The filing documents a proposed Rule 144 sale of 1,938 common shares valued at $433,840.68 arising from restricted stock vesting on 09/08/2025, to be executed via Fidelity on 09/09/2025. The notice also enumerates multiple sizable insider sales from 06/10/2025 through 08/28/2025, each with specific share counts and gross proceeds. From an investor-information perspective, this is a routine insider liquidity event disclosed under Rule 144, but the listed historical sales are material in size and frequency and could affect free float and short-term supply dynamics. The filing contains no operational or financial performance data.
TL;DR: Disclosure follows Rule 144 mechanics; vesting and compensation origin are explicitly stated.
The notice clearly states the acquisition source as restricted stock vesting and payment as compensation, which supports compliance with insider reporting norms. The seller makes the attestation regarding absence of undisclosed material adverse information. There is no mention of a 10b5-1 plan or plan adoption date. The record of recent sales provides transparency on prior dispositions by the same person, enabling governance assessment of insider liquidity patterns. No additional governance concerns are raised within the filing's text.