[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) has filed a Form 144 indicating a sizable insider sale by Director Frank Slootman. The notice, dated 06/26/2025, discloses Slootman’s intent to sell 424,852 Class A shares through Fidelity Brokerage Services LLC on the NYSE. The aggregate market value of the planned disposition is stated at $93,189,799.80, implying an approximate price of $219.30 per share.

Snowflake reports 333,700,000 Class A shares outstanding, so the proposed sale represents roughly 0.13 % of total shares. Slootman adopted a Rule 10b5-1 trading plan on 03/26/2025, providing an affirmative defense for pre-scheduled transactions.

The filing also lists sales executed within the last three months: 1,859 shares on 06/10/2025 for $390,315.64 and 7,294 shares on 06/17/2025 for $1,517,152.00, totaling 9,153 shares and $1.9 million in gross proceeds. No additional remarks were provided, and the signatory affirms no undisclosed adverse information.

Investors typically monitor Form 144 filings as indicators of insider sentiment and potential supply overhang. While the transaction is modest relative to Snowflake’s float, the dollar amount is material and follows recent smaller dispositions.

Positive

• None.

Negative

• Director Frank Slootman intends to sell 424,852 shares worth $93.2 million, potentially increasing share supply.
• Ongoing insider selling pattern—9,153 shares sold in the prior three months for $1.9 million.

Insights

Securities Analyst

TL;DR: $93 M insider sale equals 0.13 % of float—moderately negative supply signal.

The filing is impactful because it discloses a large, scheduled sale by a high-profile insider. Although the percentage of outstanding shares is small, the absolute value—over $93 million—may influence near-term trading sentiment and raise questions about management’s view of valuation. The prior 9,153-share sales in June reinforce a pattern of distribution. Use of a 10b5-1 plan reduces concerns about opportunistic timing but does not eliminate supply overhang risk. I assign an impact rating of -1 (negative).

Corporate Governance Expert

TL;DR: Pre-planned disposition aligns with governance norms; limited governance risk.

Because the transaction is executed under a dated 10b5-1 plan, disclosure practices appear compliant. The sale size is within allowable Rule 144 limits and represents a small stake relative to Snowflake’s capital structure, suggesting no control change. From a governance perspective the event is not impactful beyond routine transparency requirements. I assign an impact rating of 0 (neutral).

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	0001402348
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	106 EAST BABCOCK STREET SUITE 3A BOZEMAN MONTANA 59715
Phone	844-766-9355
Name of Person for Whose Account the Securities are To Be Sold	Slootman Frank
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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	424852	93189799.80	333700000	06/26/2025	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 *
Class A	06/26/2025	Option Granted - 05/29/2019	Issuer			424852	06/26/2025	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
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/10/2025	1859	390315.64
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/17/2025	7294	1517152.00

144: Remarks and Signature

Remarks
Date of Notice	06/26/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/26/2025
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 Frank Slootman
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Snowflake (SNOW) shares will Frank Slootman sell?

The Form 144 discloses a planned sale of 424,852 Class A shares.

What is the dollar value of the planned SNOW insider sale?

The aggregate market value is stated as $93,189,799.80.

When is the Snowflake insider sale expected to occur?

The approximate sale date listed is 06/26/2025.

What percentage of Snowflake’s outstanding shares does the sale represent?

The planned sale equals about 0.13 % of the 333.7 million shares outstanding.

Did Frank Slootman sell Snowflake shares recently?

Yes. He sold 1,859 shares on 06/10/2025 and 7,294 shares on 06/17/2025, totaling $1.9 million.