Snowflake director sells 50,741 shares under plan
Snowflake Inc. director Michael L. Speiser, through various related entities, reported open-market sales of 50,741 shares of Common Stock on June 5, 2026 at a weighted-average price of $245.206 per share.
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Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Michael L. Speiser, through various related entities, reported open-market sales of 50,741 shares of Common Stock on June 5, 2026 at a weighted-average price of $245.206 per share. The transactions were executed under a Rule 10b5-1 trading plan adopted on December 27, 2024, indicating they were pre-scheduled. After these sales, he continues to hold Snowflake shares indirectly through multiple trusts and investment vehicles, including 1,199,269 shares held by a revocable trust, 428,093 shares held by a limited partnership, and 22,106 shares held directly.
Insider Trade Summary 10b5-1
Net Seller: 50,741 shares
Net Sell
11 txns
Insider
Speiser Michael L
Role
Director
Sold
50,741 shs ($12.44M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 403 | $245.206 | $99K |
| Sale | Common Stock | 12,973 | $245.206 | $3.18M |
| Sale | Common Stock | 34,005 | $245.206 | $8.34M |
| Sale | Common Stock | 840 | $245.206 | $206K |
| Sale | Common Stock | 840 | $245.206 | $206K |
| Sale | Common Stock | 840 | $245.206 | $206K |
| Sale | Common Stock | 840 | $245.206 | $206K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 22,106 shares (Direct);
Common Stock — 428,093 shares (Indirect, By Ltd Partnership);
Common Stock — 1,199,269 shares (Indirect, By Trust (Rev Tr));
Common Stock — 27,716 shares (Indirect, By Trust (AMS-21));
Common Stock — 27,716 shares (Indirect, By Trust (ESS-21));
Common Stock — 27,716 shares (Indirect, By Trust (LES-21));
Common Stock — 27,716 shares (Indirect, By Trust (WWS-21));
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 $245.000 to $245.570, 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: $245.206 per share
Direct holdings after sale: 22,106 shares
+4 more
7 metrics
Shares sold
50,741 shares
Open-market sales on June 5, 2026
Weighted-average sale price
$245.206 per share
Snowflake common stock sales
Direct holdings after sale
22,106 shares
Common stock held directly post-transaction
Revocable trust holdings
1,199,269 shares
Common stock held by Rev Tr after sale
Limited partnership holdings
428,093 shares
Common stock held by Ltd Partnership after sale
Net share direction
50,741 net shares sold
Net-sell across all reported transactions
10b5-1 plan adoption date
December 27, 2024
Plan governing June 5, 2026 sales
Key Terms
Rule 10b5-1 trading plan, weighted-average price, restricted stock units, pecuniary interest, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 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.
restricted stock units financial
"Includes shares to be issued in connection with the 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
"The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest therein."
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest therein."
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.
limited partnership financial
"Shares held by a limited partnership of which the Reporting Person is a trustee of a trust..."
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 Speiser report in this Form 4?
Michael Speiser reported pre-planned open-market sales of 50,741 Snowflake shares on June 5, 2026 at a weighted-average price of $245.206 per share, conducted through various trusts and related investment entities.
Was the Snowflake (SNOW) insider sale made under a Rule 10b5-1 plan?
Yes. The filing notes the sales were effected under a Rule 10b5-1 trading plan adopted on December 27, 2024, indicating the transactions were pre-arranged rather than discretionary market-timing decisions.
What indirect Snowflake (SNOW) holdings are shown for entities associated with Michael Speiser?
Indirect holdings include 1,199,269 shares held by a revocable trust and 428,093 shares held by a limited partnership. Other trusts and investment entities, such as Sutter Hill Ventures and SHM Investments LLC, also hold Snowflake shares associated with Speiser.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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