Form 144: Proposed sales of Common stock reported

Stifel Nicolaus & Company Inc. filed a Form 144 reporting proposed sales of Common stock by affiliated holders, including transactions attributed to Michael L. Speiser.

Rhea-AI Filing Summary

Stifel Nicolaus & Company Inc. filed a Form 144 reporting proposed sales of Common stock by affiliated holders, including transactions attributed to Michael L. Speiser. The filing lists multiple past private placements and three proposed sales dated 02/06/2026, 03/06/2026, and 04/06/2026 with dollar amounts shown.

Key Figures

Broker listed: Stifel Nicolaus & Company Inc Proposed sale amount 02/06/2026: $8,383,264.00 Proposed sale amount 03/06/2026: $8,889,315.00 +2 more

5 metrics

Broker listed Stifel Nicolaus & Company Inc Filer/broker on the Form 144 cover line

Proposed sale amount 02/06/2026 $8,383,264.00 Amount shown next to Michael L. Speiser for 02/06/2026

Proposed sale amount 03/06/2026 $8,889,315.00 Amount shown next to Michael L. Speiser for 03/06/2026

Proposed sale amount 04/06/2026 $7,520,055.00 Amount shown next to Michael L. Speiser for 04/06/2026

Securities acquisition types Private Placement; Pro‑rata distribution Listed acquisition methods in the filing

Key Terms

Form 144, Private Placement, Pro‑rata distribution

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Private Placement financial

"Private Placement | Issuer"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

Pro‑rata distribution financial

"Pro-rata distribution from Venture Fund"

A pro‑rata distribution is a way of dividing money, shares, or other assets among stakeholders so each person gets a portion that matches their ownership percentage or claim. For investors it ensures fairness: if you own 10% you receive roughly 10% of the payout, like slicing a pie so everyone gets a piece proportional to how much of the pie they bought, which preserves relative ownership and affects expected returns and dilution.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the SNOW Form 144 filing report?

It reports proposed sales of Common stock by affiliates. The filing lists prior private placements and shows proposed sales by Michael L. Speiser on 02/06/2026, 03/06/2026, and 04/06/2026, with dollar amounts recorded in the filing.

Who is the selling party named in the SNOW Form 144?

Michael L. Speiser is identified as a selling party. His address is listed as 755 Page Mill Rd Ste A200, Palo Alto, CA, and three proposed sale dates and associated dollar amounts appear in the filing entries.

What amounts are shown for the proposed sales in the SNOW filing?

The filing lists dollar figures for three dates. The amounts shown next to Michael L. Speiser are $8,383,264.00 on 02/06/2026, $8,889,315.00 on 03/06/2026, and $7,520,055.00 on 04/06/2026.

Does the Form 144 list how the shares were originally acquired?

Yes; several entries show private placements and a pro‑rata distribution. The filing records past acquisitions via Private Placement (multiple dates) and a pro‑rata distribution from a venture fund attributed to Sutter Hill Ventures LP.

Which broker or dealer is listed on the SNOW Form 144?

Stifel Nicolaus & Company Inc. is listed as the broker. The filing includes the broker address (501 N Broadway, St. Louis, MO) and references NYSE in the securities line.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/01/2026 - 03:04 PM EDT Learn about SEC filing dates

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	0001433644
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Snowflake Inc.
SEC File Number	001-39504
Address of Issuer	135 CONSTITUTION DRIVE MENLO PARK CALIFORNIA 94025
Phone	844-766-9355
Name of Person for Whose Account the Securities are To Be Sold	Speiser Michael L
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	Affiliate

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	Stifel Nicolaus & Company Inc 501 N Broadway St Louis MO 63102	50741	7184689.66	345700000	05/01/2026	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	03/08/2013	Private Placement	Issuer			31829	03/08/2013	Cash
Common	04/02/2014	Private Placement	Issuer			1680	04/02/2014	Cash
Common	02/27/2015	Private Placement	Issuer			2083	02/27/2015	Cash
Common	03/31/2016	Private Placement	Issuer			12973	03/31/2016	Cash
Common	06/30/2015	Pro-rata distribution from Venture Fund	Sutter Hill Ventures LP via the Issuer via a Private Placement			2176	08/24/2012	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
Michael L Speiser 755 Page Mill Rd Ste A200 Palo Alto CA 94304	Common	02/06/2026	50741	8383264.00
Michael L Speiser 755 Page Mill Rd Ste A200 Palo Alto CA 94304	Common	03/06/2026	50741	8889315.00
Michael L Speiser 755 Page Mill Rd A200 Palo Alto CA 94304	Common	04/06/2026	50741	7520055.00

144: Remarks and Signature

Remarks	Of the shares covered by this Form 144: an aggregate of 37,365 shares were sold by trusts of which Mr. Speiser is a trustee; 403 shares were sold by an individual retirement account for Mr. Speiser; and 12,973 shares were sold by a limited partnership of which Mr. Speiser's trust is the trustee of a trust which is the general partner.
Date of Notice	05/01/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/27/2024
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	Kanwalpreet S Kalra under POA
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)