[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 indicates that Benoit Dageville intends to sell 25,000 Class A shares of Snowflake Inc. (SNOW) through Fidelity Brokerage on 24 Jul 2025. The shares carry an aggregate market value of $5.37 million; Snowflake reports 333.7 million Class A shares outstanding, so the proposed sale equals roughly 0.007 % of that class.

The filing also details insider activity during the prior three months: Dageville sold 103,330 shares between 1 May and 10 Jul 2025 for gross proceeds of about $20.6 million. Combined with the planned sale, insider dispositions over the period total approximately 128,330 shares (~0.038 % of shares outstanding) and $26 million in proceeds.

No financing arrangements, gifts, or non-cash consideration are disclosed; acquisitions originated from option grants dated 2017 and 2019 and were paid in cash. The signer affirms no undisclosed material adverse information and, if relying on Rule 10b5-1, that a trading plan is in place.

Insights

Securities Analyst

TL;DR: Routine insider sale; modest size vs. float, but continued selling trend could pressure sentiment.

Form 144 shows co-founder Benoit Dageville plans to liquidate another 25 k shares (~$5.4 m) after disposing of 103 k shares since May. Although the cumulative 0.04 % of outstanding shares is immaterial to liquidity, multiple sequential sales may signal portfolio diversification or reduced insider conviction, potentially weighing on investor perception. Operational fundamentals are unaffected because the shares are already issued; no dilution occurs. Overall market impact should be limited given Snowflake’s daily trading volume, but analysts may monitor for additional filings to gauge insider intent.

Corporate Governance Expert

TL;DR: Filing appears compliant; volume suggests normal 10b5-1 execution, not a red flag.

The notice discloses key Rule 144 elements: broker, sale window, prior-quarter sales, and acquisition details. Lack of gifts or non-cash consideration simplifies review. Stated outstanding share count confirms negligible ownership impact. Seller represents awareness of Rule 10b5-1 obligations, mitigating insider-trading risk. Governance risk remains low unless accelerated selling continues or coincides with negative news. Investors should verify if board trading policies limit further dispositions.

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

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	25000	5365812.50	333700000	07/24/2025	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	07/24/2025	Option Granted - 02/08/2017	Issuer			17927	07/24/2025	Cash
Class A	07/24/2025	Option Granted - 12/11/2019	Issuer			7073	07/24/2025	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
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	05/01/2025	6250	1050000.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	05/08/2025	31250	5468750.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	05/15/2025	12500	2250000.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/10/2025	548	115058.08
Benoit Dageville Suite 3A, 106 East Babcock Street Bozeman MT 59715	Class A	06/17/2025	1912	397696.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/23/2025	870	182586.90
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/30/2025	25000	5621000.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/10/2025	25000	5545750.00

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

How many Snowflake (SNOW) shares are slated for sale under this Form 144?

The filing covers 25,000 Class A shares with an aggregate value of $5.37 million.

When is the approximate sale date for the SNOW shares?

The shares are expected to be sold on or about 24 July 2025.

How much insider selling has occurred over the past three months?

The same insider sold 103,330 shares between 1 May and 10 Jul 2025, worth roughly $20.6 million.

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

Approximately 0.007 % of the 333.7 million shares outstanding.

Will the sale dilute existing shareholders?

No. The shares are already issued; the filing merely discloses their potential resale by an insider.