Snowflake: Speiser proposes $17.5M share sale

Remarks say trusts for which Michael L. Speiser is trustee sold 37,365 shares, his IRA sold 403 shares, and a limited partnership sold 12,973 shares.

Rhea-AI Filing Summary

Snowflake Inc. affiliate Michael L. Speiser filed a notice for a proposed sale of 50,741 common shares through Stifel Nicolaus & Company Inc.; the approximate sale date is October 2, 2026, and the listed exchange is NYSE. The stated aggregate market value is $17,454,904. The notice also lists prior sales of 50,741 shares each on July 6, August 7, and September 4, 2026, with gross proceeds of $13,086,427, $16,443,118, and $17,955,783, respectively.

Key Figures

Proposed sale: 50,741 common shares Aggregate market value: $17,454,904 Gross proceeds: $13,086,427 +2 more

5 metrics

Proposed sale 50,741 common shares Approximate sale date October 2, 2026

Aggregate market value $17,454,904 Proposed sale

Gross proceeds $13,086,427 Sale on July 6, 2026

Gross proceeds $16,443,118 Sale on August 7, 2026

Gross proceeds $17,955,783 Sale on September 4, 2026

Key Terms

Rule 144, Affiliate, pro-rata distribution, Private Placement

4 terms

Rule 144 regulatory

"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.

Affiliate regulatory

"Affiliate"

pro-rata distribution financial

"Pro-rata distribution from Venture Fund"

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"

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.

FAQ

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

How many SNOW shares does Michael L. Speiser's notice cover?

The notice covers a proposed sale of 50,741 Snowflake common shares through Stifel Nicolaus & Company Inc. It lists an aggregate market value of $17,454,904 and an approximate sale date of October 2, 2026, on NYSE.

What recent SNOW sales does Michael L. Speiser's notice list?

The notice lists sales of 50,741 shares on July 6, August 7, and September 4, 2026. Their respective gross proceeds were $13,086,427, $16,443,118, and $17,955,783.

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

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Available on EDGAR 10/02/2026 - 04:40 PM Accepted by SEC EDGAR 10/02/2026 - 04:40 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	17454904.00	346600000	10/02/2026	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			7614	03/08/2013	Cash
Common	06/30/2019	Pro-rata distribution from Vemture Fund	Sutter Hill Ventures, A CA LP via the Issuer via a private placement			26391	04/02/2014	Cash
Common	08/24/2012	Private Placement	Issuer			346	08/24/2014	Cash
Common	04/02/2014	Private Placement	Issuer			1680	04/02/2014	Cash
Common	02/27/2015	Private Placement	Issuer			1737	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 A 200 Palo Alto CA 94304	Common	09/04/2026	50741	17955783.00
Michael L Speiser 755 Page Mill Rd Ste A200 Palo Alto CA 94304	Common	08/07/2026	50741	16443118.00
Michael L Speiser 755 Page Mill Rd Ste A200 Palo Alto CA 94304	Common	07/06/2026	50741	13086427.00

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	10/02/2026
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 Karla under POA
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)