[144] Snowflake Inc. SEC Filing
Rhea-AI Filing Summary
Form 144 filed for Snowflake Inc. (SNOW) reports a proposed sale of 2,975 common shares to be executed through Fidelity Brokerage Services on 09/16/2025. The shares were acquired on 09/15/2025 by Restricted Stock Vesting from the issuer and classified as compensation. The filing lists total shares outstanding of 338,800,000, and shows prior sales by the same person/entity totaling 41,133 shares in the past three months, generating aggregate gross proceeds of $9,098,135.98.
The filer represents there is no undisclosed material adverse information and signs the required attestation for Rule 144 sales.
Positive
- Proposed sale is tied to restricted stock vesting, indicating a routine compensation event rather than a discretionary dump
- Complete disclosure of recent sales (dates, amounts, gross proceeds) improves transparency for investors
- Attestation included that the seller is not aware of undisclosed material adverse information
Negative
- Insider and related-entity sales totaled 41,133 shares in the past three months, generating $9,098,135.98 in gross proceeds
- Frequent sales by the same person/entity may draw investor attention despite representing a small percentage of outstanding shares
Insights
TL;DR: Insider sales are sizeable in absolute dollars but represent a very small fraction of outstanding shares.
The filing shows a proposed sale of 2,975 shares (vested restricted stock) and prior reported sales totaling 41,133 shares for roughly $9.10 million in gross proceeds over the past three months. Relative to the reported 338.8 million shares outstanding, these dispositions equal approximately 0.012% of the float, indicating limited dilution or market impact. The disclosed reason for the proposed sale is compensation-related vesting, which is a routine source of insider sales rather than an operational signal.
TL;DR: Transactions are documented under Rule 144 and include an attestation; disclosures appear procedurally compliant.
The notice identifies the sale agent, timing, and that the 2,975 shares were acquired via restricted stock vesting from the issuer and paid as compensation on 09/15/2025. The filer provides the required attestation that no undisclosed material adverse information exists. Multiple recent sales by the same person and related entity are listed with dates and gross proceeds, supporting transparency of insider disposition activity.