[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Insider sale notice for SNOW. The filing reports a proposed sale of 50,741 common shares through Stifel Nicolaus with an aggregate market value of $11,408,878 and an approximate sale date of 09/05/2025 on NASDAQ. The seller acquired portions of these shares through an open-market purchase on 06/07/2024 (34,005 shares) and several private placements between 2014 and 2017 (totaling 17,736 shares). The filer also reported two sales in the past three months: 50,741 shares sold on 07/07/2025 for $11,237,102 and 50,741 shares sold on 08/01/2025 for $10,589,145. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• None.

Negative

• The filer reports a proposed sale of 50,741 SNOW shares valued at $11,408,878, indicating a substantial insider disposition.
• Two prior sales in the past three months total 101,482 shares with combined gross proceeds of approximately $21,826,247, showing recent repeated insider selling activity.
• The filing does not disclose a Rule 10b5-1 plan adoption date or additional context for the timing of these sales in the remarks section.

Insights

Securities Analyst

TL;DR: Insider proposes another sale of 50,741 SNOW shares after two recent sizable disposals; this is a notable insider liquidity event but not necessarily company-specific.

The filing documents a planned resale of 50,741 common shares valued at about $11.4 million with an approximate sale date of 09/05/2025, executed through Stifel Nicolaus on NASDAQ. The position consists mainly of an open-market purchase on 06/07/2024 and earlier private placements. The filer also recorded two separate sales in the past three months totaling 101,482 shares with gross proceeds of approximately $21.8 million. From a market perspective, repeated insider sales of this magnitude may increase available float and could be interpreted as liquidity-taking by the holder. The filing contains no forward-looking commentary or company performance data, so market impact depends on context not provided here.

Corporate Governance Expert

TL;DR: Multiple recent sales and a new proposed sale raise governance questions about insider share disposition but the filer affirms no undisclosed material information.

The notice shows the seller relied on standard Rule 144 disclosures and represented they are unaware of undisclosed material adverse information. The holdings were acquired via both open-market purchases and private placements over several years. Two reported sales in July and August 2025 followed by a planned September sale suggest active disposition rather than a single routine trade. While lawful and disclosed, the pattern merits attention from governance-focused stakeholders monitoring insider transactions for timing, consistency with any trading plans, and potential signaling to the market. The filing does not state a 10b5-1 plan date or additional context.

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	Stifel Nicolaus 501 N Broadway St Louis MO 63102	50741	11408878.00	330100000	09/05/2025	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	06/07/2024	Open market purchase	Open market			34005	06/07/2024	Cash
Common	03/24/2017	Private Placement	Issuer			12973	03/24/2017	Cash
Common	02/27/2015	Private Placement	Issuer			2083	02/27/2015	Cash
Common	04/02/2014	Private placement	Issuer			1680	04/02/2014	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
Michael L Speiser 755 Page Mill Rd Ste A200 Palo Alto CA 94304	Common	07/07/2025	50741	11237102.00
Michael L Speiser 755 Page Mill Rd Ste A200 Palo Alto CA 94304	Common	08/01/2025	50741	10589145.00

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 the Form 144 for SNOW report?

The Form 144 reports a proposed sale of 50,741 common shares with an aggregate market value of $11,408,878, approximate sale date 09/05/2025, to be sold on NASDAQ through Stifel Nicolaus.

Who acquired the shares being sold and when?

The shares consist of an open-market purchase on 06/07/2024 (34,005 shares) and private placements on 04/02/2014, 02/27/2015, and 03/24/2017 totaling 17,736 shares.

Did the filer sell any SNOW shares recently?

Yes. The filer sold 50,741 shares on 07/07/2025 for $11,237,102 and 50,741 shares on 08/01/2025 for $10,589,145 as reported in the filing.

Through which broker will the planned sale occur?

The planned sale is reported to be executed through Stifel Nicolaus, located at 501 N Broadway, St. Louis, MO.

Does the filer state any undisclosed material information?

The filer represents by signature that they do not know any material adverse information about the issuer that has not been publicly disclosed.