Snowflake insider plans sale of 50,741 shares

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.

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.

Key Figures

Shares proposed for sale: 50,741 shares Aggregate market value of proposed sale: $16,443,118.31 Prior sale on June 5, 2026: 50,741 shares; $12,441,987.00 +3 more

6 metrics

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

Key Terms

Form 144, pro-rata distribution, private placement, venture fund

4 terms

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"

FAQ

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

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.

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

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Available on EDGAR 08/07/2026 - 03:22 PM Accepted by SEC EDGAR 08/07/2026 - 03:22 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	16443118.31	346600000	08/07/2026	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 which purchased from the Issuer in a private placement			22621	03/08/2013	Cash
Common	06/30/2019	Pro-rata distribution from Venture Fund	Sutter Hill Ventures, A CA LP which purchased from the Issuer in a private placement			2838	05/01/2013	Cash
Common	06/30/2019	Pro-rata distribution from Venture Fund	Sutter Hill Ventures, A CA LP which purchased from the Issuer in a private placement			8546	08/24/2012	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 Rd 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	06/05/2026	50741	12441987.00

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	08/07/2026
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)