Snowflake director plans $98M stock sale for Aug. 2026

Snowflake Inc. (SNOW) disclosed that company director Frank Slootman plans to sell 300,000 shares of Snowflake common stock under Rule 144.

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) disclosed that company director Frank Slootman plans to sell 300,000 shares of Snowflake common stock under Rule 144. The shares are held at Fidelity Brokerage Services LLC and are associated with a stock option exercise to be settled in cash on August 18, 2026.

The filing also lists multiple Snowflake share sales by Slootman over the prior three months, including transactions such as 400,000 shares sold on May 28, 2026 for $93,366,560.00 and 437,076 shares sold on May 29, 2026 for $110,332,852.47. Fidelity signed as attorney-in-fact on his behalf.

Key Figures

Planned shares to be sold: 300,000 shares Indicated value of planned sale: $98,142,000.00 Sale on May 28, 2026: 400,000 shares for $93,366,560.00 +3 more

6 metrics

Planned shares to be sold 300,000 shares Common stock designated for Rule 144 sale linked to stock option exercise on August 18, 2026

Indicated value of planned sale $98,142,000.00 Reported market value associated with 300,000 Snowflake common shares to be sold

Sale on May 28, 2026 400,000 shares for $93,366,560.00 Frank Slootman common stock sale on 05/28/2026

Sale on May 29, 2026 437,076 shares for $110,332,852.47 Frank Slootman common stock sale on 05/29/2026

Sale on July 20, 2026 289,685 shares for $79,486,065.25 Frank Slootman common stock sale on 07/20/2026

Sale on June 18, 2026 200,000 shares for $44,854,000.00 Frank Slootman common stock sale on 06/18/2026

Key Terms

Rule 144, stock option exercise, attorney-in-fact, Common

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.

stock option exercise financial

"Common | 08/18/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

attorney-in-fact regulatory

"as attorney-in-fact for Frank Slootman"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

Common financial

"Common | Fidelity Brokerage Services LLC 900 Salem Street"

FAQ

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

What sale is Frank Slootman planning under Rule 144 for Snowflake Inc. (SNOW)?

Frank Slootman plans to sell 300,000 shares of Snowflake common stock under Rule 144. The planned sale is tied to a stock option exercise and is scheduled for August 18, 2026, with Fidelity Brokerage Services LLC acting as the broker.

What is the approximate value of Frank Slootman’s planned Snowflake (SNOW) share sale?

The planned sale of 300,000 Snowflake shares is associated with an indicated value of $98,142,000.00. This figure reflects the reported market value for the shares to be sold in connection with the Rule 144 stock option exercise transaction.

What recent Snowflake (SNOW) share sales by Frank Slootman are disclosed for the last three months?

Recent disclosed sales include 400,000 shares on May 28, 2026 for $93,366,560.00 and 437,076 shares on May 29, 2026 for $110,332,852.47. Additional transactions in May, June, and July 2026 list various smaller and mid-sized common stock sales.

On which date is the upcoming Snowflake (SNOW) Rule 144 sale by Frank Slootman scheduled?

The upcoming Rule 144 transaction for 300,000 Snowflake shares is scheduled for August 18, 2026. On that date, the sale is expected to follow a stock option exercise and be executed for cash through Fidelity Brokerage Services LLC.

Who is acting on behalf of Frank Slootman in the planned Snowflake (SNOW) share sale?

Fidelity Brokerage Services LLC is acting as attorney-in-fact for Frank Slootman. The signature is provided by Daniel Tucci, a duly authorized representative of Fidelity, in connection with the planned Rule 144 sale of 300,000 Snowflake shares.

What type of security is involved in Frank Slootman’s planned Snowflake (SNOW) Rule 144 transaction?

The planned Rule 144 transaction involves Snowflake common stock. A total of 300,000 common shares are designated to be sold following a stock option exercise, with the sale expected to be executed for cash on August 18, 2026.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 08/18/2026 - 11:09 AM EDT Learn about SEC filing dates

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	135 CONSTITUTION DRIVE MENLO PARK CALIFORNIA 94025
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
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	300000	98142000.00	346600000	08/18/2026	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 *
Common	08/18/2026	Stock Option Exercise	Issuer			300000	08/18/2026	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 135 Constitution Drive Menlo Park CA 94025	Common	05/19/2026	144650	25378435.29
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	05/26/2026	55350	9770087.24
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	05/28/2026	400000	93366560.00
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	05/29/2026	437076	110332852.47
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	06/01/2026	162924	42962760.10
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	06/16/2026	8066	1935840.00
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	06/18/2026	200000	44854000.00
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	06/26/2026	100	25000.00
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	06/29/2026	99900	25147567.26
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	07/20/2026	289685	79486065.25
Frank Slootman 135 Constitution Drive Menlo Park CA 94025	Common	07/21/2026	10315	2837611.31

144: Remarks and Signature

Remarks
Date of Notice	08/18/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/19/2025
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/ Daniel Tucci, 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)