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Snowflake (SNOW) insider Michael Speiser files to sell 50,741 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Snowflake Inc. insider Michael L. Speiser filed a Form 144 indicating an intention to sell 50,741 shares of common stock through broker Stifel Nicolaus & Company on or after August 7, 2026 on the NYSE. The filing lists an aggregate market value for these shares of $16,443,118.31. The shares were acquired between 2012 and 2019 through a mix of private placements with the issuer and a pro-rata distribution from a venture fund. The notice also reports prior sales of 50,741 shares for $12,441,987.00 on June 5, 2026 and $13,086,427.00 on July 6, 2026.

Positive

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Negative

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Shares proposed for sale 50,741 shares Common stock covered by Michael L. Speiser Form 144 filing
Aggregate market value of proposed sale $16,443,118.31 Value assigned to 50,741 Snowflake common shares in the notice
Prior sale on June 5, 2026 50,741 shares; $12,441,987.00 Securities sold during the past 3 months
Prior sale on July 6, 2026 50,741 shares; $13,086,427.00 Securities sold during the past 3 months
Venture fund distribution lot 22,621 shares Pro-rata distribution from Sutter Hill Ventures on 06/30/2019
Largest private placement lot 12,973 shares Common stock purchased for cash in private placement on 03/31/2016
Form 144 regulatory
"Michael L. Speiser filed a Form 144 indicating an intention to sell"
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.
pro-rata distribution financial
"Pro-rata distribution from Venture Fund | Sutter Hill Ventures, A CA LP"
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
"Private Placement | Issuer | | | 1680 | 02/27/2015 | Cash"
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.
venture fund financial
"Pro-rata distribution from Venture Fund | Sutter Hill Ventures, A CA LP"

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

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FAQ

What does Snowflake (SNOW) insider Michael Speiser disclose in this Form 144?
Michael L. Speiser filed to potentially sell 50,741 shares of Snowflake common stock, with an aggregate market value of $16,443,118.31, through Stifel Nicolaus & Company on or after August 7, 2026 on the NYSE.

How many Snowflake (SNOW) shares is Michael Speiser planning to sell?
The filing covers a potential sale of 50,741 shares of Snowflake common stock. These shares were accumulated over multiple transactions between 2012 and 2019, including private placements and a pro-rata distribution from a venture fund.

What is the reported market value of the Snowflake (SNOW) shares in this Form 144?
The Form 144 lists an aggregate market value of $16,443,118.31 for the 50,741 shares of Snowflake common stock that Michael L. Speiser may sell through Stifel Nicolaus & Company on the NYSE.

What prior Snowflake (SNOW) sales by Michael Speiser are disclosed?
The notice reports that Michael L. Speiser sold 50,741 shares for $12,441,987.00 on June 5, 2026 and another 50,741 shares for $13,086,427.00 on July 6, 2026, in the three months before this filing.

How did Michael Speiser acquire the Snowflake (SNOW) shares listed in the Form 144?
The 50,741 shares were obtained via a pro-rata distribution from Sutter Hill Ventures, which had purchased in a private placement, and through several direct private placements with the issuer between 2012 and 2016, all paid in cash.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR