Snowflake Officer Files Form 144 Notice of Proposed Sale for $3.8M in Common Stock
Snowflake Inc.
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Filing Summary
š Form 144 Notice of Proposed Sale: Snowflake Inc. ($SNOW) š¤ Insider: Christian Kleinerman (Officer) š¦ Shares to Sell: 10,000 Common shares šµ Est. Total Value: $3,800,000.00 (~$380.00/share) š Approx. Sale Date: 09/03/2026 š Plan Adopted: 12/26/2025 (Rule 10b5-1)
Comprehensive Analysis
Summary of Form 144 Filing
Christian Kleinerman, an Officer at Snowflake Inc. ($SNOW), has filed a Form 144 notice indicating the proposed sale of 10,000 shares of common stock with an estimated aggregate market value of $3,800,000.00 (approx. $380.00 per share).
Key Details
- Broker: Fidelity Brokerage Services LLC
- Approximate Date of Sale: September 3, 2026
- Trading Plan: Executed pursuant to a Rule 10b5-1 trading plan adopted on December 26, 2025.
- Origin of Shares: Founder's shares / equity compensation acquired on December 15, 2017.
- Past 3 Months Activity: The filer and affiliated entities (Kleinerman 2020 Dynasty LLC and Kleinerman 2020 Nonexempt LLC) have executed multiple programmatic sales across June, July, August, and September 2026 totaling over $28 million in gross proceeds.
Market Impact & Significance
This filing represents an ongoing, pre-scheduled Rule 10b5-1 liquidity program. Given the scheduled nature and relatively small percentage of total shares outstanding (346.6M shares outstanding), the market impact is considered Medium/Routine.
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