[144] Snowflake Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice from an insider of Snowflake Inc. (SNOW) reports a proposed sale of 2,611 common shares through Fidelity Brokerage Services on the NYSE with an aggregate market value of $601,783.28 and an approximate sale date of 09/23/2025. The shares were acquired on 09/20/2025 via restricted stock vesting and were paid as compensation. The filing also discloses multiple recent sales by the same person and affiliated entity during the past three months, including transactions on 06/23/2025, 06/25/2025, 07/01/2025, 08/01/2025, 09/02/2025, 09/09/2025 and 09/16/2025, totaling significant gross proceeds. The filer certifies no undisclosed material adverse information.

Positive

• Filing appears procedurally compliant with Rule 144 disclosure requirements
• Securities to be sold originated from restricted stock vesting, indicating they were compensation rather than undisclosed transfers

Negative

• Multiple insider sales over June–September 2025 with aggregate gross proceeds in the millions, indicating notable insider liquidity
• Recent sales include large transactions by an affiliated LLC, which may reduce perceived insider share retention

Insights

Securities Analyst

TL;DR: Multiple recent insider sales and a proposed sale of vested restricted stock indicate realized insider liquidity; monitor for pattern, not proof of negative fundamentals.

The filing shows a planned sale of 2,611 shares valued at $601,783.28 arising from restricted stock vesting on 09/20/2025 and executed through Fidelity on 09/23/2025. The historical sale table lists several sizable dispositions by the same individual and an affiliated LLC across June–September 2025 with aggregate gross proceeds in the millions, demonstrating a pattern of insider liquidity events. This is a compliance disclosure under Rule 144; it does not include commentary on company operations or performance. For investors, clustered insider selling can be a signal to review public fundamentals and governance but cannot be interpreted in isolation as material deterioration.

Corporate Governance Expert

TL;DR: Filing documents permitted sales of vested compensation and prior sales by related parties; procedurally compliant but worth noting frequency and scale.

The Form 144 confirms the shares to be sold were acquired via restricted stock vesting and paid as compensation, which is a common insider liquidity mechanism. Several prior sales by the same individual and a related LLC are listed with specific dates and gross proceeds, indicating repeated exercises of liquidity. The signer affirms no undisclosed material adverse information. From a governance perspective, these disclosures satisfy regulatory requirements; stakeholders may consider the frequency and amounts of sales when assessing insider alignment with long-term shareholders.

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
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	2611	601783.28	338800000	09/23/2025	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 *
Common	09/20/2025	Restricted Stock Vesting	Issuer			2611	09/20/2025	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	Common	06/23/2025	2610	547760.70
Kleinerman 2020 Dynasty Llc 106 East Babcock Street Suite 3A Bozeman MT 59715	Common	06/25/2025	5000	1125000.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Common	07/01/2025	10000	2188900.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Common	08/01/2025	10000	2160000.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Common	09/02/2025	10000	2335000.00
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Common	09/09/2025	548	122675.28
Christian Kleinerman 106 East Babcock Street Suite 3A Bozeman MT 59715	Common	09/16/2025	2975	658189.00

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 the Form 144 filed for SNOW report?

The Form 144 reports a proposed sale of 2,611 common shares valued at $601,783.28, to be sold through Fidelity on 09/23/2025.

How were the shares being sold acquired?

The shares were acquired on 09/20/2025 through restricted stock vesting and the consideration is listed as compensation.

Has the filer sold other SNOW shares recently?

Yes. The filing lists multiple sales by the filer and an affiliated LLC on 06/23/2025, 06/25/2025, 07/01/2025, 08/01/2025, 09/02/2025, 09/09/2025, and 09/16/2025 with significant gross proceeds.

Through which broker will the proposed sale occur?

The proposed sale is to be executed through Fidelity Brokerage Services LLC on the NYSE.

Does the filer certify any undisclosed material information?

By signing, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.