Snowflake director Michael L. Speiser sells 49,901 shares
For shares held through trusts and a limited partnership, Speiser disclaimed beneficial ownership except as to his pecuniary interest.
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Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Michael L. Speiser reported selling 49,901 shares of common stock on November 6, 2026, covering directly held shares and shares held by trusts and a limited partnership. The sales were made under a Rule 10b5-1 trading plan adopted December 27, 2024. Reported weighted-average prices included $279.9773 per share for a 58-share direct sale and $272.0028 per share for a 105-share direct sale.
Insider Trade Summary 10b5-1
Net Seller: 49,901 shares
Net Sell
30 txns
Insider
Speiser Michael L
Role
Director
Sold
49,901 shs ($13.77M)
Share of Position Sold
3.1%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 58 | $279.9773 | $16K |
| Sale | Common Stock F1, F4, F3 | 45 | $279.5011 | $13K |
| Sale | Common Stock F1, F5, F3 | 97 | $278.0049 | $27K |
| Sale | Common Stock F1, F6, F3 | 98 | $274.0101 | $27K |
| Sale | Common Stock F1, F7, F3 | 105 | $272.0028 | $29K |
| Sale | Common Stock F1, F2, F8 | 4,921 | $279.9773 | $1.38M |
| Sale | Common Stock F1, F4, F8 | 3,790 | $279.5011 | $1.06M |
| Sale | Common Stock F1, F5, F8 | 8,193 | $278.0049 | $2.28M |
| Sale | Common Stock F1, F6, F8 | 8,281 | $274.0101 | $2.27M |
| Sale | Common Stock F1, F7, F8 | 8,820 | $272.0028 | $2.40M |
| Sale | Common Stock F1, F2, F9 | 1,876 | $279.9773 | $525K |
| Sale | Common Stock F1, F4, F9 | 1,447 | $279.5011 | $404K |
| Sale | Common Stock F1, F5, F9 | 3,125 | $278.0049 | $869K |
| Sale | Common Stock F1, F6, F9 | 3,160 | $274.0101 | $866K |
| Sale | Common Stock F1, F7, F9 | 3,365 | $272.0028 | $915K |
| Sale | Common Stock F1, F2, F8 | 121 | $279.9773 | $34K |
| Sale | Common Stock F1, F4, F8 | 94 | $279.5011 | $26K |
| Sale | Common Stock F1, F5, F8 | 202 | $278.0049 | $56K |
| Sale | Common Stock F1, F6, F8 | 205 | $274.0101 | $56K |
| Sale | Common Stock F1, F7, F8 | 218 | $272.0028 | $59K |
| Sale | Common Stock F1, F2, F8 | 121 | $279.9773 | $34K |
| Sale | Common Stock F1, F4, F8 | 94 | $279.5011 | $26K |
| Sale | Common Stock F1, F5, F8 | 202 | $278.0049 | $56K |
| Sale | Common Stock F1, F6, F8 | 205 | $274.0101 | $56K |
| Sale | Common Stock F1, F7, F8 | 218 | $272.0028 | $59K |
| Sale | Common Stock F1, F2, F8 | 121 | $279.9773 | $34K |
| Sale | Common Stock F1, F4, F8 | 94 | $279.5011 | $26K |
| Sale | Common Stock F1, F5, F8 | 202 | $278.0049 | $56K |
| Sale | Common Stock F1, F6, F8 | 205 | $274.0101 | $56K |
| Sale | Common Stock F1, F7, F8 | 218 | $272.0028 | $59K |
Holdings After Transaction:
Common Stock — 21,364 shares (Direct);
Common Stock — 1,103,736 shares (Indirect, By Trust (Rev Tr));
Common Stock — 363,228 shares (Indirect, By Ltd Partnership);
Common Stock — 23,516 shares (Indirect, By Trust (AMS-21));
Common Stock — 23,516 shares (Indirect, By Trust (LES-21));
Common Stock — 23,516 shares (Indirect, By Trust (ESS-21))
Holdings Before and After:
Common Stock, 21,767 to 21,364 shares (Direct);
Common Stock, 1,137,741 to 1,103,736 shares (Indirect, By Trust (Rev Tr));
Common Stock, 376,201 to 363,228 shares (Indirect, By Ltd Partnership);
Common Stock, 24,356 to 23,516 shares (Indirect, By Trust (AMS-21));
Common Stock, 24,356 to 23,516 shares (Indirect, By Trust (LES-21));
Common Stock, 24,356 to 23,516 shares (Indirect, By Trust (ESS-21))
Other Insiders: 3 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (9)
- F1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024.
- F2. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $279.735 to $280.730, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The Reporting Person shares pecuniary interest in these shares with other parties pursuant to contractual relationships. The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest in these shares.
- F4. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $279.070 to $279.712, inclusive.
- F5. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $278.000 to $278.175, inclusive.
- F6. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $274.000 to $274.170, inclusive.
- F7. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $272.000 to $272.110, inclusive.
- F8. Shares held by a trust of which the Reporting Person is a Trustee. The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest therein.
- F9. Shares held by a limited partnership of which the Reporting Person is a trustee of a trust which is the general partner. The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest therein.
Key Figures
Shares sold: 49,901 shares
Weighted-average sale price: $279.9773 per share
Weighted-average sale price: $279.5011 per share
+3 more
6 metrics
Shares sold
49,901 shares
Reported sales on November 6, 2026
Weighted-average sale price
$279.9773 per share
58 directly held shares sold November 6, 2026
Weighted-average sale price
$279.5011 per share
45 directly held shares sold November 6, 2026
Weighted-average sale price
$278.0049 per share
97 directly held shares sold November 6, 2026
Weighted-average sale price
$274.0101 per share
98 directly held shares sold November 6, 2026
Weighted-average sale price
$272.0028 per share
105 directly held shares sold November 6, 2026
Key Terms
Rule 10b5-1 trading plan, weighted-average price, restricted stock units, pecuniary interest
4 terms
Rule 10b5-1 trading plan regulatory
"Shares were sold pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted-average price financial
"The price reported in Column 4 is a weighted-average price"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
restricted stock units financial
"vesting of one or more restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"except as to the Reporting Person's pecuniary interest"
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