Entities tied to Snowflake director sell 50,741 shares
Snowflake Inc. director Michael L. Speiser and related entities reported net sales of 50,741 shares of Snowflake common stock in multiple open-market transactions on March 6, 2026.
Rhea-AI Filing Summary
Snowflake Inc. director Michael L. Speiser and related entities reported net sales of 50,741 shares of Snowflake common stock in multiple open-market transactions on March 6, 2026. The sales, at weighted-average prices between $173.147 and $175.933 per share, were carried out under a Rule 10b5-1 trading plan adopted on December 27, 2024.
The filing shows 403 shares sold from Mr. Speiser’s directly held stake, leaving 23,315 shares held directly after the trades. Additional sales were executed by a limited partnership and several trusts, including a revocable trust and other family trusts, where Mr. Speiser reports only his pecuniary interest and disclaims full beneficial ownership as described in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 50,741 shares
Net Sell
25 txns
Insider
Speiser Michael L
Role
Director
Sold
50,741 shs ($8.89M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 238 | $175.933 | $42K |
| Sale | Common Stock | 85 | $175.02 | $15K |
| Sale | Common Stock | 80 | $173.147 | $14K |
| Sale | Common Stock | 7,670 | $175.933 | $1.35M |
| Sale | Common Stock | 2,746 | $175.02 | $481K |
| Sale | Common Stock | 2,557 | $173.147 | $443K |
| Sale | Common Stock | 497 | $175.933 | $87K |
| Sale | Common Stock | 178 | $175.02 | $31K |
| Sale | Common Stock | 165 | $173.147 | $29K |
| Sale | Common Stock | 497 | $175.933 | $87K |
| Sale | Common Stock | 178 | $175.02 | $31K |
| Sale | Common Stock | 165 | $173.147 | $29K |
| Sale | Common Stock | 497 | $175.933 | $87K |
| Sale | Common Stock | 178 | $175.02 | $31K |
| Sale | Common Stock | 165 | $173.147 | $29K |
| Sale | Common Stock | 497 | $175.933 | $87K |
| Sale | Common Stock | 178 | $175.02 | $31K |
| Sale | Common Stock | 165 | $173.147 | $29K |
| Sale | Common Stock | 20,104 | $175.933 | $3.54M |
| Sale | Common Stock | 7,198 | $175.02 | $1.26M |
| Sale | Common Stock | 6,703 | $173.147 | $1.16M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,315 shares (Direct);
Common Stock — 467,012 shares (Indirect, By Ltd Partnership);
Common Stock — 30,236 shares (Indirect, By Trust (AMS-21));
Common Stock — 30,236 shares (Indirect, By Trust (WWS-21));
Common Stock — 30,236 shares (Indirect, By Trust (LES-21));
Common Stock — 30,236 shares (Indirect, By Trust (ESS-21));
Common Stock — 1,301,284 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 (8)
- 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 $175.240 to $176.170, 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 $173.000 to $173.800, inclusive.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
FAQ
Were Michael Speiser’s Snowflake (SNOW) stock sales under a 10b5-1 trading plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on December 27, 2024. Such plans allow pre-arranged trading schedules, helping insiders diversify or access liquidity while reducing the appearance of trading on non-public information.
Is Michael Speiser considered a director insider at Snowflake (SNOW) in this Form 4?
Yes. The Form 4 identifies Michael L. Speiser as a director of Snowflake Inc. The reported transactions involve his directly held Snowflake shares and additional shares held indirectly through various partnerships and trusts associated with him.
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