share_log

Snowflake | 144: Notice of proposed sale of securities pursuant to Rule 144

SEC ·  Jan 3 05:27

Summary by Futu AI

Snowflake Inc. officer Christopher William Degnan plans to sell 12,782 Class A shares on 01/02/2025, with an estimated market value of $2,009,899.31. The shares were acquired through an option grant on 12/11/2019 and will be paid for in cash on the sale date.This transaction is part of a pre-established trading plan adopted on 12/27/2023. Over the past three months, Degnan has sold a total of 89,474 shares, generating gross proceeds of $15,141,402.40. Previous sales include 76,692 shares on 11/21/2024 for $12,916,525.30 and 12,782 shares on 12/02/2024 for $2,224,877.10.The consistent selling pattern suggests a planned liquidation strategy by the officer, potentially for diversification or personal financial management. Investors should note this ongoing insider selling activity while considering its context within the company's overall performance and market conditions.
Snowflake Inc. officer Christopher William Degnan plans to sell 12,782 Class A shares on 01/02/2025, with an estimated market value of $2,009,899.31. The shares were acquired through an option grant on 12/11/2019 and will be paid for in cash on the sale date.This transaction is part of a pre-established trading plan adopted on 12/27/2023. Over the past three months, Degnan has sold a total of 89,474 shares, generating gross proceeds of $15,141,402.40. Previous sales include 76,692 shares on 11/21/2024 for $12,916,525.30 and 12,782 shares on 12/02/2024 for $2,224,877.10.The consistent selling pattern suggests a planned liquidation strategy by the officer, potentially for diversification or personal financial management. Investors should note this ongoing insider selling activity while considering its context within the company's overall performance and market conditions.

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