[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Snowflake Inc. insider sale notice: This Form 144 reports a proposed sale of 176,922 common shares through Fidelity Brokerage Services with an aggregate market value of $39,388,776.19, to be sold on 09/25/2025 on the NYSE. The shares are reported as acquired by exercise of an option granted on 08/27/2019, with payment in cash. The filer previously sold 318,533 shares on 09/23/2025 for $72,581,088.65 and 85,099 shares on 09/24/2025 for $19,172,557.91. The filing lists total common shares outstanding of 338,800,000. The notice includes the statutory representation that the seller is not aware of undisclosed material adverse information.

Positive

• Full transaction details provided: class, broker, share counts, prices and dates are disclosed
• Source of shares identified: option granted 08/27/2019, with cash payment on exercise

Negative

• No 10b5-1 plan date provided: filing does not state whether sales are under a prearranged trading plan
• Signature/date not clearly shown: the notice section does not include an explicit signature date in the provided text

Insights

Financial Analyst

TL;DR: Insider option exercise and scheduled resale of ~177k SNOW shares, following two prior day dispositions; size is small relative to outstanding shares.

This Form 144 shows an insider selling 176,922 shares valued at about $39.4M on 09/25/2025, following two recent sales totaling 403,632 shares and gross proceeds of roughly $91.8M. Relative to the reported 338.8M shares outstanding, the individual transactions represent a de minimis ownership transfer (<0.2%). There is no earnings or operational data in the filing, and the source of the shares is an option granted in 2019 with cash payment on exercise. For investors, this is a routine disclosure of insider liquidity rather than a material corporate event.

Corporate Governance Expert

TL;DR: The filing documents routine insider monetization via option exercise and open-market sales; disclosure appears to follow regulatory requirements.

The notice identifies the transaction type (option exercise) and provides broker and sale-date details required under Rule 144. The signer affirms no undisclosed material adverse information. There is no indication of a 10b5-1 plan adoption date or other trading-plan detail in the text provided. From a governance perspective, the filing is a standard compliance disclosure and does not itself signal governance change or material risk to shareholders.

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	176922	39388776.19	338800000	09/25/2025	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 *
Common	09/25/2025	Option Granted - 08/27/2019	Issuer			176922	09/25/2025	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
Michael P. Scarpelli Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	09/23/2025	318533	72581088.65
Michael P. Scarpelli Suite 3A 106 East Babcock Street Bozeman MT 59715	Common	09/24/2025	85099	19172557.91

144: Remarks and Signature

Remarks

Date of Notice

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 amount of SNOW stock is the insider proposing to sell on 09/25/2025?

The filing reports a proposed sale of 176,922 shares with an aggregate market value of $39,388,776.19.

What prior insider sales by the same person are disclosed in the Form 144?

The filer sold 318,533 shares on 09/23/2025 for $72,581,088.65 and 85,099 shares on 09/24/2025 for $19,172,557.91.

How were the securities being sold acquired?

The securities to be sold were reported as acquired by option (option granted 08/27/2019) and the payment method on exercise is listed as cash.

Through which broker will the 09/25/2025 sale be executed?

The broker named is Fidelity Brokerage Services LLC at the address provided, and the sale is planned on the NYSE.

What fraction of the company's outstanding shares do these transactions represent?

Based on the filing's 338,800,000 shares outstanding, the proposed 176,922-share sale represents about 0.052% of outstanding common shares.