[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) – Form 144 Insider Sale Notice

The filing discloses that company co-founder Benoit Dageville has filed a Form 144 indicating his intent to sell 25,000 Class A shares of Snowflake on or about 10 July 2025. At the reference price embedded in the form, the transaction would be valued at approximately $5.55 million. The shares were acquired through employee stock options granted on 8 February 2017 and will be sold through Fidelity Brokerage Services on the NYSE.

Recent selling activity:

• Over the past three months, Dageville has already completed eight sales totaling 84,580 shares for ~$16.0 million in gross proceeds.
• Including the proposed sale, his cumulative sales disclosed in this filing period could reach 109,580 shares.

Float context: Snowflake has 333.7 million shares outstanding; the new sale represents roughly 0.0075 % of the float, suggesting limited direct supply-side pressure. However, sustained insider selling by a key founder can weigh on sentiment, particularly ahead of earnings or strategic announcements.

Regulatory & procedural notes: A Form 144 is a notice rather than a commitment; the seller may ultimately sell fewer shares or none at all. The signer attests to possessing no undisclosed material adverse information and can rely on Rule 10b5-1 if trades occur under a pre-arranged plan.

Positive

• None.

Negative

• Continued insider selling: Co-founder intends to sell 25,000 additional shares after disposing of 84,580 shares in the prior three months, potentially pressuring investor sentiment.

Insights

Equity Analyst

TL;DR: Founder plans $5.5 M sale after $16 M prior disposals; modest float impact, mildly negative sentiment.

The filing flags continued insider monetisation by Snowflake co-founder Benoit Dageville. While 25 k shares equate to just 0.007 % of outstanding stock, the pattern—84.6 k shares already sold since late April and another block queued—may raise questions about management’s medium-term view. Insider sales are not uncommon for liquidity or diversification reasons, yet a sustained cadence can pressure valuation multiples in high-growth tech names when paired with rich forward EV/Sales ratios. The Form 144 does not reveal any operational issues, and Snowflake’s share count dilutes the impact, but investors could interpret the filing as a marginal negative, especially if combined with macro-driven multiple compression.

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

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	25000	5545750.00	333700000	07/10/2025	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	07/10/2025	Options Granted 02/08/2017	Issuer			25000	07/10/2025	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
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	04/23/2025	6250	937500.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	05/01/2025	6250	1050000.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	05/08/2025	31250	5468750.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	05/15/2025	12500	2250000.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/10/2025	548	115058.08
Benoit Dageville Suite 3A, 106 East Babcock Street Bozeman MT 59715	Class A	06/17/2025	1912	397696.00
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/23/2025	870	182586.90
Benoit Dageville Suite 3A 106 East Babcock Street Bozeman MT 59715	Class A	06/30/2025	25000	5621000.00

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

How many Snowflake (SNOW) shares is Benoit Dageville planning to sell?

The Form 144 indicates an intent to sell 25,000 Class A shares.

What is the estimated value of the proposed SNOW insider sale?

At the price stated in the filing, the sale is valued at approximately $5.55 million.

How many shares has the insider already sold in the past 3 months?

Dageville sold 84,580 shares between 23 April 2025 and 30 June 2025 for roughly $16 million.

What percentage of Snowflake’s outstanding shares does the new sale represent?

About 0.0075 % of the 333.7 million shares outstanding.

Does a Form 144 guarantee that the shares will be sold?

No. Form 144 is a notice of intent; the insider may sell all, part, or none of the indicated shares.

Which broker will execute the proposed Snowflake share sale?

The filing lists Fidelity Brokerage Services LLC as the executing broker.