[144] Snowflake Inc. SEC Filing
Rhea-AI Filing Summary
This Form 144 filing for Snowflake Inc. (SNOW) reports a planned sale of 25,000 Class A shares on 08/07/2025 through Fidelity Brokerage Services LLC. The filing assigns an aggregate market value of $5.375 million to the transaction, compared with 333.7 million shares outstanding, indicating a de-minimis stake size.
The seller, Benoit Dageville (relationship to issuer not specified), has already disposed of 122,080 shares in the preceding three months across eight transactions, producing gross proceeds of about $24.95 million. The shares now offered were acquired via an option granted 12/11/2019 and will be paid for in cash. The notice affirms the seller is unaware of undisclosed adverse information. No operational, earnings or guidance data accompany the filing.
Positive
- None.
Negative
- Continued insider selling: proposed 25,000-share sale follows 122,080 shares sold in prior 3 months, totaling ~$30 M in dispositions.
Insights
TL;DR: Ongoing insider divestment—25k more shares after 122k already sold—may pressure sentiment though size is immaterial to float.
Impact assessment: The proposed $5.4 M sale is only 0.007% of shares outstanding, limiting direct market impact. However, aggregated sales of ~$25 M over three months flag a consistent selling pattern by the same holder, often interpreted as a modest negative signal for investor confidence. No company fundamentals are addressed, so valuation or outlook remain unchanged. Overall, the event is noteworthy for tracking insider behavior rather than for financial magnitude.