Snowflake (SNOW) insider files sale of 710,083 shares worth $163.7M

Rule 144 notice for Snowflake Inc. (SNOW): This filing reports proposed and recent sales of Class A common stock by Frank Slootman.

Rhea-AI Filing Summary

Rule 144 notice for Snowflake Inc. (SNOW): This filing reports proposed and recent sales of Class A common stock by Frank Slootman. The notice states a proposed sale of 710,083 Class A shares through Fidelity Brokerage Services with an aggregate market value of $163,650,852.80 and an approximate sale date of 08/28/2025. The filing also lists multiple completed sales by the same seller over the past three months totaling 2,299,070 shares for aggregate gross proceeds of approximately $508,972,808.56. The shares reported as acquired under an option granted on 05/29/2019 and exercised/settled on 08/28/2025, with payment in cash. The filer certifies compliance with Rule 144 representations.

Positive

• Filing complies with Rule 144 disclosure requirements and identifies the broker (Fidelity Brokerage Services) and planned sale details
• The securities to be sold were acquired via an option granted on 05/29/2019, and payment is in cash, indicating standard exercise/monetization

Negative

• A proposed sale of 710,083 Class A shares valued at about $163.65 million could increase share supply and pressure the stock
• The filer sold 2,299,070 shares in the past three months for roughly $508.97 million, a substantial insider disposition that may concern investors

Insights

Securities Analyst

TL;DR: Significant insider selling — large share block planned and multi-month sales exceeding two million shares.

Frank Slootman has disclosed a proposed sale of 710,083 Class A shares valued at about $163.7 million and prior sales of 2,299,070 shares in the past three months totaling roughly $509.0 million. From a market-impact perspective, this level of insider disposition is material relative to a single insider's holdings and could weigh on near-term supply dynamics for SNOW stock. The filing shows the shares arose from options (granted 05/29/2019) and were paid in cash, indicating standard compensation liquidity events rather than non-cash transfers. The notice follows Rule 144 mechanics and includes broker information, suggesting transactions were routed through an institutional brokerage channel.

Corporate Governance Expert

TL;DR: Repeated, large-scale insider sales raise governance and signaling questions for investors.

The schedule of sales shows a sustained pattern of disposition across June–July 2025 and a further proposed sale in August 2025. While the document attests the seller lacks undisclosed material information and relies on Rule 144 procedures, the multi-month sales cadence and aggregate proceeds (~$509M) are material events for stakeholder oversight. This is consistent with executives monetizing equity from vested options; however, the scale merits attention from governance monitors to confirm alignment with disclosure policies and to assess any potential signaling to the market about insider views on valuation or liquidity needs.

FAQ

Who is the seller reported in the SNOW Form 144 filing?

The seller is Frank Slootman, with listed address in Bozeman, MT, as the person for whose account the securities are to be sold.

How many shares does the Form 144 propose to sell and when?

The notice proposes selling 710,083 Class A shares with an approximate sale date of 08/28/2025.

What is the aggregate market value reported for the proposed sale?

The proposed sale has an aggregate market value of $163,650,852.80.

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

The filing lists 2,299,070 shares sold in the past three months for aggregate gross proceeds of approximately $508,972,808.56.

How were the securities acquired that are being sold under this notice?

The securities were linked to an option granted on 05/29/2019 and the acquisition/settlement date shown is 08/28/2025, with payment in cash.

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.

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

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Accepted by SEC EDGAR 08/28/2025 - 11:26 AM 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	106 EAST BABCOCK STREET SUITE 3A BOZEMAN MONTANA 59715
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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	710083	163650852.80	333700000	08/28/2025	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	08/28/2025	Option Granted - 05/29/2019	Issuer			710083	08/28/2025	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
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/10/2025	1859	390315.64
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/17/2025	7294	1517152.00
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/26/2025	424852	93189806.24
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/27/2025	306502	68185276.36
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/30/2025	217432	48656538.41
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/01/2025	294125	63910926.55
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/02/2025	187815	40671970.88
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/03/2025	178949	39577203.49
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/07/2025	323713	72249374.56
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/08/2025	100483	22463165.09
Frank Slootman Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	07/31/2025	256046	58161079.34

144: Remarks and Signature

Remarks
Date of Notice	08/28/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/26/2025
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/ Jared Cook, 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)