Snowflake holder files $17.5M stock sale notice

A beneficial owner has filed a Rule 144 notice to potentially sell 50,000 Snowflake common shares valued at about $17.5 million.

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) received a Rule 144 notice for a proposed sale of up to 50,000 shares of common stock beneficially owned for the account of Mark S. Garrett, to be sold through Fidelity Brokerage Services LLC. The filing lists an approximate aggregate value of $17,500,000 for these shares. It also states that 346,600,000 shares of common stock were outstanding as of September 4, 2026; this is a baseline figure, not the amount being offered.

Key Figures

Shares proposed for sale: 50,000 shares Approximate aggregate value of shares: $17,500,000 Shares outstanding: 346,600,000 shares +2 more

5 metrics

Shares proposed for sale 50,000 shares Common stock covered by the Rule 144 notice for Mark S. Garrett

Approximate aggregate value of shares $17,500,000 Value associated with the 50,000 Snowflake common shares in the notice

Shares outstanding 346,600,000 shares Snowflake common shares outstanding as of September 4, 2026

Potential sale date September 4, 2026 Date associated with the proposed sale and stock option exercise

Shares from stock option exercise 50,000 shares Common shares tied to a stock option exercise listed in the filing

Key Terms

Rule 144, Stock Option Exercise, attorney-in-fact

3 terms

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.

Stock Option Exercise financial

"Common | 09/04/2026 | Stock Option Exercise | Issuer"

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.

attorney-in-fact regulatory

"as attorney-in-fact for Mark S. Garrett"

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 Form 144 filing mean for Snowflake Inc. (SNOW)?

The Form 144 gives notice that up to 50,000 shares of Snowflake common stock held for the account of Mark S. Garrett may be sold under Rule 144 through Fidelity Brokerage Services LLC. It is a notice of a potential sale, not confirmation that a sale has occurred.

How many Snowflake (SNOW) shares are covered by this Form 144 notice?

The notice covers up to 50,000 shares of Snowflake Inc. common stock to be sold for the account of Mark S. Garrett. The proposed sale is listed as occurring through Fidelity Brokerage Services LLC under Rule 144.

What is the approximate value of the Snowflake (SNOW) shares in this Form 144?

The filing lists an approximate aggregate value of $17,500,000 for the 50,000 shares of Snowflake common stock that may be sold. This figure reflects the value associated with the shares covered by the Rule 144 notice.

Who is the person for whose account Snowflake (SNOW) shares may be sold?

The shares may be sold for the account of Mark S. Garrett. The Form 144 is signed by Jennifer Ruchti as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Mark S. Garrett.

How many Snowflake (SNOW) shares were outstanding as of the stated date in the filing?

The filing states that 346,600,000 shares of Snowflake common stock were outstanding as of September 4, 2026. This number is provided as context regarding the company’s total outstanding shares.

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

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Available on EDGAR 09/04/2026 - 12:44 PM Accepted by SEC EDGAR 09/04/2026 - 12:44 PM Learn about SEC filing dates

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	0001246215
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Snowflake Inc.
SEC File Number	001-39504
Address of Issuer	135 CONSTITUTION DRIVE MENLO PARK CALIFORNIA 94025
Phone	844-766-9355
Name of Person for Whose Account the Securities are To Be Sold	GARRETT MARK
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	Director

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	50000	17500000.00	346600000	09/04/2026	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	09/04/2026	Stock Option Exercise	Issuer			50000	09/04/2026	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/04/2026
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	/s/ Jennifer Ruchti, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Mark S. Garrett
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)