Snowflake holder may sell $18M in stock

Shareholder Michael L. Speiser reports recent and proposed sales of Snowflake common stock under Rule 144, including two prior 50,741-share transactions.

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) is the issuer for a notice by shareholder Michael L. Speiser covering proposed sales of 50,741 shares of Snowflake common stock through broker Stifel Nicolaus & Company Inc. on the NYSE, with an approximate aggregate market value of $17,955,783.63.

The notice states that Snowflake had 346,600,000 shares of common stock outstanding as of September 4, 2026. It also reports that Speiser sold 50,741 shares for $13,086,427.00 on July 6, 2026 and another 50,741 shares for $16,443,118.00 on August 7, 2026. Of the shares covered, 37,365 were sold by trusts, 403 by an individual retirement account, and 12,973 by a limited partnership associated with Speiser.

Key Figures

Shares proposed for resale: 50,741 shares Approximate aggregate market value of proposed sale: $17,955,783.63 Shares outstanding: 346,600,000 shares +5 more

8 metrics

Shares proposed for resale 50,741 shares Snowflake common stock covered by the current Rule 144 notice

Approximate aggregate market value of proposed sale $17,955,783.63 Value of 50,741 Snowflake shares to be sold through Stifel Nicolaus & Company Inc.

Shares outstanding 346,600,000 shares Snowflake common stock outstanding as of September 4, 2026; baseline, not shares being sold

Shares sold July 6, 2026 50,741 shares Snowflake common stock sold by Michael L. Speiser for $13,086,427.00

Aggregate sale price July 6, 2026 $13,086,427.00 Proceeds from sale of 50,741 Snowflake shares

Shares sold August 7, 2026 50,741 shares Snowflake common stock sold by Michael L. Speiser for $16,443,118.00

Aggregate sale price August 7, 2026 $16,443,118.00 Proceeds from sale of 50,741 Snowflake shares

Breakdown of covered shares by entity 37,365 trust; 403 IRA; 12,973 limited partnership shares Ownership breakdown for shares described in the remarks section

Key Terms

Rule 144, pro-rata distribution, private placement, individual retirement account

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

pro-rata distribution financial

"06/30/2019 | Pro-rata distribution from Venture Fund | Sutter Hill Ventures"

A pro-rata distribution is when cash, shares, rights or other assets are divided among investors in proportion to their ownership stake, so each holder gets the same percentage of the total as their share of the company. Think of slicing a pie so everyone receives pieces sized to match how much of the pie they own. For investors this matters because it preserves relative ownership and determines how much value or new securities they receive, and whether they need to buy or sell to maintain their position.

private placement financial

"via a private placement | | | 34005 | 03/08/2013 | Cash Common"

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.

individual retirement account financial

"403 shares were sold by an individual retirement account for Mr. Speiser"

A tax-advantaged retirement account owned by an individual that holds investments such as stocks, bonds, mutual funds or cash and is governed by rules about how much can be contributed and when money can be withdrawn. It matters to investors because the account’s specific tax rules and withdrawal limits affect how savings grow and when taxes are paid; think of it as a labeled box for retirement money that comes with special tax treatment and rules about when you can open it.

FAQ

What does this Form 144 filing mean for Snowflake Inc. (SNOW)?

The filing reports that shareholder Michael L. Speiser may sell 50,741 shares of Snowflake common stock under Rule 144, with an approximate aggregate market value of $17,955,783.63. It is a disclosure of potential resales, not an issuance of new shares by Snowflake.

How many Snowflake (SNOW) shares has Michael L. Speiser recently sold?

The notice lists two sales of Snowflake common stock by Michael L. Speiser in the past three months: 50,741 shares on July 6, 2026 for $13,086,427.00, and 50,741 shares on August 7, 2026 for $16,443,118.00.

How many Snowflake (SNOW) shares are covered by Speiser’s current planned sale?

The current notice under Rule 144 covers a proposed sale of 50,741 shares of Snowflake common stock. The filing lists an approximate aggregate market value of $17,955,783.63 for these shares and names Stifel Nicolaus & Company Inc. as the broker.

What is the total Snowflake (SNOW) share count referenced in this filing?

The filing states that Snowflake had 346,600,000 shares of common stock outstanding as of September 4, 2026; this figure provides context for the size of the proposed resale and is not the amount being sold.

How are the Snowflake (SNOW) shares in this Form 144 held for Michael L. Speiser?

The remarks explain that, of the shares covered, 37,365 were sold by trusts for which Michael L. Speiser is a trustee, 403 by an individual retirement account for him, and 12,973 by a limited partnership associated with his trust.

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

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Available on EDGAR 09/04/2026 - 02:03 PM Accepted by SEC EDGAR 09/04/2026 - 02:02 PM 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	17955783.63	346600000	09/04/2026	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	06/30/2019	Pro-rata distribution from Venture Fund	Sutter Hill Ventures, A CA LP via the Issuer via a private placement			34005	03/08/2013	Cash
Common	08/24/2012	Private Placement	Issuer			403	08/24/2012	Cash
Common	04/02/2014	Private Placement	Issuer			1680	04/02/2014	Cash
Common	02/27/2015	Private Placement	Issuer			1680	02/27/2015	Cash
Common	03/31/2016	Private Placement	Issuer			12973	03/31/2016	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 Re Ste A200 Palo Alto CA 94304	Common	07/06/2026	50741	13086427.00
Michael L Speiser 755 Page Mill Rd Ste A200 Palo Alto CA 94304	Common	08/07/2026	50741	16443118.00

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	09/04/2026
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)