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  4. [144] Snowflake Inc. SEC Filing

Snowflake exec plans $3.8M stock sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) received a notice that officer Christian Kleinerman intends to sell 10,000 shares of Snowflake common stock through Fidelity Brokerage Services LLC under Rule 144, with an indicated aggregate market value of $3,800,000 as of September 3, 2026.

The 10,000 shares to be sold are identified as Founders Shares acquired from the issuer on December 15, 2017 as compensation. The notice also lists prior sales over the past three months by Kleinerman and related entities, including Kleinerman 2020 Dynasty LLC and Kleinerman 2020 Nonexempt LLC.

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Planned shares to be sold 10,000 shares Common stock to be sold under Rule 144 through Fidelity Brokerage Services LLC
Aggregate market value of planned sale $3,800,000.00 Indicated value for 10,000 shares as of September 3, 2026
Shares outstanding 346,600,000 shares Snowflake common stock reported as outstanding in the notice
Prior sale June 9, 2026 2,729 shares for $652,231.00 Common stock sold by Christian Kleinerman in the past three months
Prior sale July 31, 2026 20,000 shares for $6,000,000.00 Common stock sale by Christian Kleinerman reported in the three‑month history
Prior sale August 7, 2026 25,000 shares for $8,125,000.00 Common stock sale by Christian Kleinerman in the past three months
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.
Founders Shares financial
"Common | 12/15/2017 | Founders Shares | Issuer"
Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.
Securities To Be Sold regulatory
"144: Securities To Be Sold"
attorney-in-fact regulatory
"as attorney-in-fact for Christian Kleinerman"
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.

FAQ

What does the Rule 144 notice for SNOW disclose about planned share sales?
The notice states that officer Christian Kleinerman plans to sell 10,000 shares of Snowflake common stock through Fidelity Brokerage Services LLC, with an indicated aggregate market value of about $3,800,000 as of September 3, 2026.

What type of Snowflake (SNOW) shares are being sold under this Rule 144 notice?
The 10,000 Snowflake shares are described as Founders Shares, acquired from the issuer on December 15, 2017 as compensation to Christian Kleinerman.

Which broker is handling the planned Snowflake (SNOW) share sale?
The planned sale of 10,000 Snowflake common shares is listed as being handled by Fidelity Brokerage Services LLC, with trading indicated on the NYSE under Rule 144.

How many Snowflake (SNOW) shares are outstanding according to the notice?
The notice reports that there are 346,600,000 shares of Snowflake common stock outstanding, providing context for the 10,000-share planned sale under Rule 144.

What Snowflake (SNOW) share sales by Christian Kleinerman occurred in the last three months?
The notice lists multiple sales, including 2,729 shares on June 9, 2026 for $652,231.00 and 25,000 shares on August 7, 2026 for $8,125,000.00, among other transactions by Christian Kleinerman and related LLCs.

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

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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR