[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filing for Snowflake Inc. (SNOW) shows a proposed sale of 96,368 common shares through Fidelity Brokerage Services (900 Salem Street, Smithfield, RI) with an aggregate market value of $21,716,661.75, intended to be sold on 09/29/2025 on the NYSE. The filing identifies Michael P. Scarpelli as the seller in recent transactions.

The table of acquisition details states the 96,368 shares were recorded as acquired on 09/29/2025 under an option granted 08/27/2019 from the issuer, with cash payment. The filing also lists four prior sales by Michael P. Scarpelli on 09/23/2025–09/26/2025 totaling 903,632 shares with gross proceeds of $203,411,875.39.

Positive

• None.

Negative

• Large insider sales disclosed: 903,632 shares sold during 09/23–09/26/2025 generating $203,411,875.39 in gross proceeds.
• Additional proposed sale: 96,368 shares scheduled 09/29/2025 valued at $21,716,661.75.

Insights

Corporate Governance Expert

TL;DR: Significant insider-originated share sales were reported across late September 2025, including a new proposed sale on 09/29/2025.

The Form 144 documents an upcoming sale of 96,368 common shares and discloses prior sales totaling 903,632 shares over 09/23–09/26/2025 with aggregated gross proceeds of $203,411,875.39. The acquisition entry for the proposed sale references an option granted 08/27/2019 and indicates cash payment at disposition. From a governance perspective, clustered insider sales over consecutive days warrant attention for shareholders monitoring insider liquidity and potential dilution timing, but the filing itself contains no additional statements about intent or plans.

Securities Analyst

TL;DR: The filing reports material dollar-value insider sales but contains only transaction mechanics, not rationale or forward guidance.

The record shows the proposed 09/29/2025 sale valued at $21,716,661.75 and prior gross proceeds of $203,411,875.39 from four sales on 09/23–09/26/2025. The securities to be sold were tied to an option granted 08/27/2019, per the acquisition table. This Form 144 provides concrete transaction amounts and dates necessary for market disclosure but does not include operational or financial data about Snowflake Inc.

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

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	96368	21716661.75	338800000	09/29/2025	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 *
Common	09/29/2025	Option Granted - 08/27/2019	Issuer			96368	09/29/2025	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
Michael P. Scarpelli Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	09/23/2025	318533	72581088.65
Michael P. Scarpelli Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	09/24/2025	85099	19172557.91
Michael P. Scarpelli Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	09/25/2025	176922	39388781.78
Michael P. Scarpelli Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	09/26/2025	323078	72269447.05

144: Remarks and Signature

Remarks

Date of Notice

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 Form 144 for Snowflake (SNOW) report?

The Form 144 reports a proposed sale of 96,368 common shares valued at $21,716,661.75, intended for 09/29/2025 on the NYSE.

Who is the seller named in the filing?

The filing lists Michael P. Scarpelli (address provided) as the seller for the recent transactions shown.

Were there other recent sales by the same person?

Yes. Four sales on 09/23/2025–09/26/2025 totaling 903,632 shares with gross proceeds of $203,411,875.39 are reported.

How were the 96,368 shares acquired according to the filing?

The acquisition table shows the shares tied to an option granted on 08/27/2019 with an acquisition/record date of 09/29/2025 and payment in cash.

On which exchange are the proposed shares to be sold?

The filing specifies the sale is to occur on the NYSE.