Snowflake: Thiel trust plans sale of 27,505 shares

A Rule 144 notice reports that a trust associated with Frederick G. Thiel plans to sell 27,505 shares of Snowflake common stock acquired via restricted stock vesting.

Available on EDGAR 09/17/2026 - 09:56 AM EDT Accepted by SEC EDGAR 09/17/2026 - 09:55 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) is the issuer for a Rule 144 notice filed for the potential sale of its common stock by Frederick G. Thiel, through The Thiel Living Trust and brokerage firm Fidelity Brokerage Services LLC. The notice covers the proposed sale of 27,505 shares of Snowflake common stock that were acquired on April 30, 2024 through restricted stock vesting.

The proposed sale has an aggregate market value of $314,932.25, and is based on Snowflake having 386,299,297 shares outstanding as of September 17, 2026. The filing also lists prior sales by The Thiel Living Trust over the past three months, each involving 27,505 shares of Snowflake common stock.

Key Figures

Shares to be sold: 27,505 shares Aggregate market value of proposed sale: $314,932.25 Shares outstanding: 386,299,297 shares +3 more

6 metrics

Shares to be sold 27,505 shares Common stock covered by the Rule 144 notice

Aggregate market value of proposed sale $314,932.25 Total value for 27,505 Snowflake common shares in the notice

Shares outstanding 386,299,297 shares Snowflake common shares outstanding as of September 17, 2026

Prior sale on June 17, 2026 27,505 shares for $391,946.25 Common stock sold by The Thiel Living Trust

Prior sale on July 17, 2026 27,505 shares for $299,804.50 Common stock sold by The Thiel Living Trust

Prior sale on August 17, 2026 27,505 shares for $253,321.05 Common stock sold by The Thiel Living Trust

Key Terms

Rule 144, Restricted Stock Vesting, aggregate market value, trustee

4 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.

Restricted Stock Vesting financial

"Common | 04/30/2024 | Restricted Stock Vesting | Issuer"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

aggregate market value financial

"Common ... | 27505 | 314932.25 | 386299297 | 09/17/2026"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

trustee financial

"account of which Frederick Thiel is a trustee and account stakeholder."

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for Snowflake Inc. (SNOW)?

It discloses a planned sale under Rule 144 of 27,505 shares of Snowflake common stock for the account of Frederick G. Thiel, through The Thiel Living Trust and Fidelity Brokerage Services LLC, based on shares acquired via restricted stock vesting.

How many Snowflake (SNOW) shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of 27,505 shares of Snowflake Inc. common stock. These shares are tied to restricted stock that vested on April 30, 2024 and are reported as the securities to be sold under Rule 144.

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

The Form 144 reports an aggregate market value of $314,932.25 for the 27,505 shares of Snowflake common stock covered by the notice, with Snowflake’s shares outstanding stated as 386,299,297 as of September 17, 2026.

Who is selling Snowflake (SNOW) shares under this Rule 144 notice?

The shares are for the account of Frederick G. Thiel and are held in The Thiel Living Trust, where he is a trustee and account stakeholder. Fidelity Brokerage Services LLC is identified as the broker handling the Snowflake common stock.

What past Snowflake (SNOW) sales are disclosed in the last three months?

The filing lists three prior sales of Snowflake common stock by The Thiel Living Trust: each for 27,505 shares on June 17, 2026 for $391,946.25, on July 17, 2026 for $299,804.50, and on August 17, 2026 for $253,321.05.

How many Snowflake (SNOW) shares were outstanding used in this Form 144?

The notice states that Snowflake Inc. had 386,299,297 shares outstanding as of September 17, 2026. This figure is used in the Rule 144 disclosure in connection with the proposed sale of common stock.

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

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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	0001567383
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	Thiel Frederick G
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	Officer
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 27505	27505	314932.25	386299297	09/17/2026	NASDAQ

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	04/30/2024	Restricted Stock Vesting	Issuer			27505	04/30/2024	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
The Thiel Living Trust 1010 South Federal Highway Suite 2700 Hallandale Beach FL 33009	Common	06/17/2026	27505	391946.25
The Thiel Living Trust 1010 South Federal Highway Suite 2700 Hallandale Beach FL 33009	Common	07/17/2026	27505	299804.50
The Thiel Living Trust 1010 South Federal Highway Suite 2700 Hallandale Beach FL 33009	Common	08/17/2026	27505	253321.05

144: Remarks and Signature

Remarks	The sale today and the Securities Sold During The Past 3 Months were sold in the The Thiel Living Trust account of which Frederick Thiel is a trustee and account stakeholder.
Date of Notice	09/17/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/09/2026
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/ Gary Redman, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Frederick Thiel
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)