Snowflake director sells 50,741 shares under trading plan
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Michael L. Speiser reported selling a total of 50,741 shares of common stock on 2026-08-07 at a weighted-average price of $324.06 per share, in open-market transactions effected under a Rule 10b5-1 trading plan adopted on December 27, 2024. The sales include shares held directly and through a limited partnership and multiple trusts, where he disclaims beneficial ownership except for his pecuniary interest, with various direct and indirect share positions remaining after the transactions.
Insider Trade Summary 10b5-1
Net Seller: 50,741 shares
Net Sell
11 txns
Insider
Speiser Michael L
Role
Director
Sold
50,741 shs ($16.44M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 403 | $324.06 | $131K |
| Sale | Common Stock F1, F2, F4 | 12,973 | $324.06 | $4.20M |
| Sale | Common Stock F1, F2, F5 | 840 | $324.06 | $272K |
| Sale | Common Stock F1, F2, F5 | 840 | $324.06 | $272K |
| Sale | Common Stock F1, F2, F5 | 840 | $324.06 | $272K |
| Sale | Common Stock F1, F2, F5 | 840 | $324.06 | $272K |
| Sale | Common Stock F1, F2, F5 | 34,005 | $324.06 | $11.02M |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 22,573 shares (Direct);
Common Stock — 402,147 shares (Indirect, By Ltd Partnership);
Common Stock — 26,036 shares (Indirect, By Trust (AMS-21));
Common Stock — 26,036 shares (Indirect, By Trust (WWS-21));
Common Stock — 26,036 shares (Indirect, By Trust (LES-21));
Common Stock — 26,036 shares (Indirect, By Trust (ESS-21));
Common Stock — 1,131,259 shares (Indirect, By Trust (Rev Tr));
Common Stock — 790,158 shares (Indirect, By Sutter Hill Ventures);
Common Stock — 2,288 shares (Indirect, By SHM Investments, LLC);
Common Stock — 2,500 shares (Indirect, By Trust (SCT));
Common Stock — 402 shares (Indirect, By Trust (SRT))
Footnotes (7)
- F1. The sales reported in this Form 4 were effected pursuant to a 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 $324.000 to $324.365, 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. 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.
- F5. 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.
- F6. Shares held by Sutter Hill Ventures, a California Limited Partnership ("SHV"). The Reporting Person is a managing director and member of the management committee of the general partner of SHV. The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest therein.
- F7. Shares held by SHM Investments, LLC ("SHMI"). The Reporting Person is a managing member of SHMI. The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest therein.
Key Figures
Shares sold: 50,741 shares
Weighted-average sale price: $324.06 per share
Sale price range: $324.000 to $324.365
+4 more
7 metrics
Shares sold
50,741 shares
Total Snowflake common shares sold on 2026-08-07 across reported transactions
Weighted-average sale price
$324.06 per share
Weighted-average price for sales executed on 2026-08-07
Sale price range
$324.000 to $324.365
Range of individual trade prices for the reported sales
Direct holdings after sale
22,573 shares
Common stock held directly by Michael L. Speiser after 403-share sale
Limited partnership holdings after sale
402,147 shares
Common stock held indirectly by limited partnership after 12,973-share sale
Revocable trust holdings after sale
1,131,259 shares
Common stock held indirectly by a revocable trust after 34,005-share sale
Sutter Hill Ventures holdings
790,158 shares
Indirect holdings by Sutter Hill Ventures, with beneficial ownership disclaimed except for pecuniary interest
Key Terms
Rule 10b5-1 trading plan, weighted-average price, beneficial ownership, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... were effected pursuant to a 10b5-1 trading plan adopted"
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.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership in these shares except"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest"
limited partnership financial
"Shares held by a limited partnership of which the Reporting Person is a trustee"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Snowflake (SNOW) director Michael L. Speiser report in this Form 4?
Michael L. Speiser reported selling 50,741 Snowflake common shares on 2026-08-07 at a weighted-average price of $324.06 per share, through multiple open-market transactions involving direct and indirect holdings.
Were Michael L. Speiser’s Snowflake (SNOW) stock sales under a 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Michael L. Speiser on December 27, 2024, indicating the transactions were pre-arranged rather than discretionary on the trade date.
What sale price range was reported for Michael L. Speiser’s Snowflake (SNOW) trades?
The trades used a weighted-average price of $324.06 per share. Footnotes explain shares were sold in multiple transactions within a price range of $324.000 to $324.365, and detailed breakdowns are available on request.
What does the weighted-average price disclosure mean in this Snowflake (SNOW) Form 4?
The filing reports a weighted-average price of $324.06 because the shares were sold in multiple trades between $324.000 and $324.365. The insider offers to provide exact share counts at each individual price upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates