[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) Form 144 notice: The filer proposes to sell 10,000 Class A shares through Fidelity Brokerage Services on 09/02/2025, with an aggregate market value reported at $2,335,000.00. The shares were acquired as founders' shares on 12/15/2017 and payment is described as compensation. The filing lists multiple prior sales by Christian Kleinerman and Kleinerman 2020 Dynasty LLC in the recent period: a total of 41,133 shares sold across dates in June–August 2025 for combined gross proceeds of $8,812,218.78. The notice includes the seller's representation that they are not aware of undisclosed material adverse information.

Positive

• Proposed sale is clearly disclosed with broker, date, and aggregate market value provided
• Acquisition history is specified (founders' shares acquired 12/15/2017), supporting Rule 144 timing requirements
• Recent prior transactions are fully listed, showing transparent reporting of insider sales and gross proceeds

Negative

• Significant insider liquidity: 41,133 shares were sold in the recent period, totaling $8,812,218.78, which may be viewed unfavorably by some investors
• No information on remaining holdings or whether further sales are planned is provided in this notice

Insights

Securities Analyst

TL;DR: Insider proposes a 10,000-share Rule 144 sale; recent sizable disposals total 41,133 shares for $8.81M, indicating meaningful insider liquidity.

The filing documents a compliant Rule 144 notice for 10,000 Class A shares to be sold via Fidelity on 09/02/2025 at an indicated aggregate market value of $2,335,000. The shares were acquired as founders' shares in 2017 and are characterized as compensation. The record of recent sales shows ongoing insider dispositions: seven transactions totaling 41,133 shares and $8,812,218.78 in gross proceeds between 06/02/2025 and 08/01/2025. For investors, this is informational rather than operational; it signals insider liquidity but does not, by itself, indicate company performance changes.

Corporate Governance Expert

TL;DR: The filer appears to follow disclosure requirements; repeated sales by the same insider merit governance transparency but are routine if Rule 144 conditions are met.

The notice includes the required representations and identifies the relationship to the issuer and acquisition details (founders' shares acquired 12/15/2017). Multiple recent sales by the individual and an affiliated LLC are explicitly reported, with broker and transaction details provided. This filing fulfills Rule 144 procedural disclosure; materiality depends on the insider's remaining holdings and any planned future disposals, which are not stated here.

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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	10000	2335000.00	333700000	09/02/2025	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	12/15/2017	Founders Shares	Issuer			10000	12/15/2017	Compensation

* 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
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	06/02/2025	10000	2056700.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	06/10/2025	548	115058.08
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	06/17/2025	2975	618800.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	06/23/2025	2610	547760.70
Kleinerman 2020 Dynasty Llc 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	06/25/2025	5000	1125000.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	07/01/2025	10000	2188900.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Class A	08/01/2025	10000	2160000.00

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 Snowflake's (SNOW) Form 144 filed here disclose?

The notice discloses a proposed sale of 10,000 Class A shares via Fidelity on 09/02/2025 with an aggregate market value of $2,335,000.00.

Who is the seller named in this Form 144 for SNOW?

The filing lists Christian Kleinerman and an affiliated entity, Kleinerman 2020 Dynasty LLC, as sellers in recent transactions.

How many shares were sold by the filer in the past three months?

The filing reports a total of 41,133 shares sold between 06/02/2025 and 08/01/2025 for combined gross proceeds of $8,812,218.78.

When were the shares to be sold originally acquired?

The 10,000 Class A shares to be sold were acquired as founders' shares on 12/15/2017 and payment is listed as compensation.

Through which broker will the proposed sale be executed?

The proposed sale lists Fidelity Brokerage Services LLC (900 Salem Street, Smithfield, RI) as the broker.