[144] Snowflake Inc. SEC Filing
Rhea-AI Filing Summary
Snowflake Inc. reported a Form 144 notice showing a proposed sale of 318,533 common shares through Fidelity Brokerage Services on 09/23/2025. The filing lists an aggregate market value of $72,581,101.66 for the shares and indicates 338,800,000 shares outstanding, meaning the proposed sale represents approximately 0.094% of outstanding common stock. The shares are reported as acquired under an option granted on 08/27/2019, with acquisition and planned sale both dated 09/23/2025, and payment was to be in cash. The filer certifies they are unaware of undisclosed material adverse information.
Positive
- Full disclosure of sale details including broker, share count, aggregate market value, and acquisition source
- Filer attestation that they are not aware of undisclosed material adverse information
Negative
- None.
Insights
TL;DR Insider plans a modest sale equal to roughly 0.094% of shares outstanding; not materially dilutive.
The Form 144 indicates a proposed block sale of 318,533 Snowflake common shares with an aggregate market value of $72.6 million, executed through Fidelity on 09/23/2025. The shares derive from an option granted 08/27/2019 and are to be paid in cash. Relative to 338.8 million shares outstanding, the size is small (≈0.094%). This is a routine Rule 144 notice required for certain insider dispositions and, based on the filing alone, does not disclose material company developments or transaction terms beyond the sale logistics.
TL;DR Disclosure appears compliant; filer attests no undisclosed material information and references Rule 144 mechanics.
The filing provides the required statements under Rule 144: identity of broker, class of security, number of shares, aggregate value, acquisition source (option grant date) and planned sale date. The signer includes the attestation that no material nonpublic information is known. The notice contains no indication of a 10b5-1 plan adoption date or other trading-plan details, and contains no reportable sales in the prior three months. From a governance standpoint the filing meets Form 144 content requirements but does not provide additional context on any trading plan or intent beyond the proposed sale.