[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Snowflake Inc. (Form 144) – Proposed Insider Sale

The filing discloses that an insider plans to sell 5,000 Class A shares of Snowflake Inc. on or about 06/25/2025 through Fidelity Brokerage Services LLC on the NYSE. The shares have an aggregate market value of $1.125 million, implying a reference price of roughly $225 per share.

Recent trading history supplied under Rule 144 shows that the same individual and an affiliated entity have already disposed of 41,133 Class A shares over the past three months for total gross proceeds of about $7.6 million. Individual transactions ranged from 548 to 10,000 shares, executed between 04/25/2025 and 06/23/2025.

The shares to be sold were originally acquired on 12/15/2017 as “Founder’s Shares” and were received as compensation. The filer represents that they are not aware of any undisclosed material adverse information and affirms compliance with Rule 10b5-1, if applicable.

No earnings data, corporate strategy updates, or operational metrics are included in this short-form filing; therefore, the sole material element for investors is the continuing insider disposition of equity.

Positive

• None.

Negative

• Insider plans to sell an additional 5,000 shares after disposing of 41,133 shares in the prior three months, indicating sustained selling pressure.

Insights

Corporate Governance Expert

TL;DR – Continued insider selling totalling $8.7 M signals potential negative sentiment, but volume is small relative to 334 M outstanding shares.

The Form 144 shows a proposed $1.125 M sale following $7.6 M already executed by the same insider group within three months, bringing cumulative planned/realised proceeds to roughly $8.7 M. While insiders routinely diversify, concentrated sequential sales can be perceived as a lack of conviction. The disposed stake represents only about 0.014% of the ~334 M shares outstanding, limiting direct dilution risk. Nevertheless, persistent selling pressure may weigh on near-term sentiment, especially absent offsetting insider purchases or positive catalysts.

Portfolio Manager

TL;DR – Transaction is modest versus float; monitoring advisable but alone not thesis-changing for SNOW.

At roughly $1.1 M, the upcoming sale equals 5,000/333,700,000 ≈ 0.0015% of outstanding shares. Combined with recent sales, insider liquidity events reach ~41 k shares per month—still immaterial to average daily volume (>4 M shares). Absent fundamental news, I view the filing as neutral to slightly negative; it may cap very short-term upside but does not alter my long-term valuation framework. I will watch for further clustered sales or unusual 10b5-1 activity.

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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	5000	1125000.00	333700000	06/25/2025	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	12/15/2017	Founders Shares	Issuer			5000	12/15/2017	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
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	04/25/2025	10000	1600000.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	05/01/2025	10000	1680000.00
Kleinerman 2020 Dynasty Llc 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	05/22/2025	5000	1000000.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	06/02/2025	10000	2056700.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	06/10/2025	548	115058.08
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	06/17/2025	2975	618800.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	06/23/2025	2610	547760.70

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

How many Snowflake (SNOW) shares are being proposed for sale in the Form 144?

The filing covers a proposed sale of 5,000 Class A shares.

What is the aggregate market value of the shares to be sold?

The 5,000 shares have an aggregate market value of $1.125 million.

When is the approximate sale date listed in the filing?

The insider plans to sell on or about 06/25/2025.

How many Snowflake shares has the insider sold in the past three months?

The filing lists 41,133 shares sold between 04/25/2025 and 06/23/2025.

What were the total gross proceeds from those past sales?

Gross proceeds amounted to approximately $7.6 million.