[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) Form 144 notice: This filing reports proposed sale of 7,551 shares of Snowflake common stock through Fidelity Brokerage Services, with an aggregate market value of $1,670,583.24 and an approximate sale date of 09/16/2025 on the NYSE. The securities were acquired on 09/15/2025 by restricted stock vesting from the issuer and paid as compensation.

The filing also lists historical open-market sales by the same person, Frank Slootman, totaling multiple transactions between 06/17/2025 and 09/09/2025, including large blocks (e.g., 424,852 shares on 06/26/2025 for $93,189,806.24 and 710,083 shares on 08/28/2025 for $163,650,840.78). The filer certifies no undisclosed material adverse information and references Rule 10b5-1 language where applicable.

Positive

• None.

Negative

• Multiple large insider sales by Frank Slootman between 06/17/2025 and 09/09/2025, including a 424,852-share sale for $93,189,806.24 on 06/26/2025 and a 710,083-share sale for $163,650,840.78 on 08/28/2025.
• Pattern of insider dispositions over several months that could increase share supply and be interpreted negatively by some investors.

Insights

Financial Analyst

TL;DR: Large insider dispositions were executed over several months; a small planned sale from vested restricted stock is now reported.

The sequence of disclosed transactions shows substantial open-market sales by an insider across June–September 2025, generating material gross proceeds in multiple seven-figure and eight-figure trades. The current Form 144 documents a proposed sale of 7,551 shares valued at $1,670,583.24 arising from restricted stock vesting on 09/15/2025. From an analytics perspective, the historical sales totals and timing are important for liquidity and potential supply considerations, but the Form 144 itself reports a single modest proposed sale tied to compensation.

Corporate Governance Expert

TL;DR: Repeated large insider sales by the same individual may raise governance and signaling concerns for investors.

The record lists numerous sizable sales by Frank Slootman between 06/17/2025 and 09/09/2025, including transactions exceeding $90 million and $160 million on single dates. While Form 144 is a notice of proposed sale and the filer affirms no undisclosed material information, concentrated insider dispositions of this scale can be perceived negatively by stakeholders evaluating executive alignment with shareholders. The newly proposed sale (7,551 shares) is small relative to prior blocks but continues the pattern of insider selling activity documented in this filing.

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	7551	1670583.24	338800000	09/16/2025	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	09/15/2025	Restricted Stock Vesting	Issuer			7551	09/15/2025	Compensation

* 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
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	06/17/2025	7294	1517152.00
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	06/26/2025	424852	93189806.24
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	06/27/2025	306502	68185276.36
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	06/30/2025	217432	48656538.41
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	07/01/2025	294125	63910926.55
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	07/02/2025	187815	40671970.88
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	07/03/2025	178949	39577203.49
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	07/07/2025	323713	72249374.56
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	07/08/2025	100483	22463165.09
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	07/31/2025	256046	58161079.34
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	08/28/2025	710083	163650840.78
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	09/09/2025	1938	433840.68

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 Snowflake's Form 144 filed for SNOW report?

The Form 144 reports a proposed sale of 7,551 shares of Snowflake common stock valued at $1,670,583.24, to be sold through Fidelity on 09/16/2025 on the NYSE.

Who is the person associated with the historical sales listed in the filing?

The historical sales listed in the filing were by Frank Slootman, with multiple transactions between 06/17/2025 and 09/09/2025.

Were the securities being sold recently acquired or vested?

Yes. The 7,551 shares in the current notice were acquired on 09/15/2025 through restricted stock vesting and the payment type is listed as compensation.

How much gross proceeds did prior insider sales generate?

Prior listed sales include proceeds such as $93,189,806.24 (424,852 shares on 06/26/2025) and $163,650,840.78 (710,083 shares on 08/28/2025), among others.

On which exchange is the proposed sale expected to occur?

The proposed sale is expected to occur on the NYSE.