Snowflake Officer & Director Frederick G. Thiel Files Form 144 to Sell 27,505 Shares

Form 144 Filing Analysis: Snowflake Inc. (SNOW)

Transaction Overview

On September 17, 2026, Frederick G. Thiel, an Officer and Director of Snowflake Inc., filed a Form 144 notice of proposed sale covering 27,505 shares of Common Stock with an estimated aggregate market value of $314,932.25 (~$11.45 per share). The proposed sale is executed through Fidelity Brokerage Services LLC on behalf of The Thiel Living Trust.

Key Findings

• Trading Plan: The proposed sale is governed by a pre-established Rule 10b5-1 trading plan adopted on June 9, 2026.
• Origin of Shares: The 27,505 shares were originally acquired on April 30, 2024, through restricted stock vesting as part of equity compensation from the issuer.
• Prior Transactions: Consistent programmatic monthly sales have been conducted by The Thiel Living Trust over the trailing three months:
  • August 17, 2026: 27,505 shares sold for $253,321.05
  • July 17, 2026: 27,505 shares sold for $299,804.50
  • June 17, 2026: 27,505 shares sold for $391,946.25

Market & Governance Impact

• Trading Significance: Low. The transaction represents less than 0.01% of Snowflake's 386,299,297 outstanding common shares.
• Signal Assessment: Because this transaction is executed pursuant to a 10b5-1 plan and follows an identical monthly tranche pattern, it represents systematic portfolio liquidity rather than a discretionary market-timing decision.