Entities tied to Snowflake (SNOW) director sell 50,741 company shares

Q: How many Snowflake (SNOW) shares were sold in Michael Speiser’s latest Form 4?

The Form 4 reports net sales of 50,741 Snowflake common shares on March 6, 2026. These sales were executed in multiple open-market transactions by Michael L. Speiser and related entities, including partnerships and trusts, at various weighted-average prices.

Q: What prices were received for the Snowflake (SNOW) shares sold by entities tied to Michael Speiser?

The reported sales occurred at weighted-average prices between $173.147 and $175.933 per share . Footnotes explain that each weighted-average price covers multiple trades within narrower ranges, and detailed per-trade pricing is available upon request to the issuer or regulators.

Q: 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.

Q: How many Snowflake (SNOW) shares does Michael Speiser hold directly after these transactions?

After the reported sales, Michael L. Speiser’s direct holdings total 23,315 Snowflake common shares . The Form 4 also lists sizable additional indirect holdings through a revocable trust, a limited partnership, and other trusts, where he reports only his pecuniary interests.

Q: Which entities associated with Michael Speiser transacted Snowflake (SNOW) shares in this Form 4?

The filing shows sales and holdings through a limited partnership , several family trusts (including a revocable trust) and indirect holdings by Sutter Hill Ventures and SHM Investments, LLC . Mr. Speiser disclaims beneficial ownership beyond his pecuniary interest in these indirect positions.

Q: 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.

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

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.

Insider Trade Summary

Net Seller: 50,741 shares ($8,889,350)

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 — 23,480 shares (Direct); Common Stock — 472,315 shares (Indirect, By Ltd Partnership)

Footnotes (1)

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. 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. 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. 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. 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. 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. 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. 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.

Form 4 Insider Transactions: What Each Field Means →

03/09/2026 - 05:09 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Speiser Michael L

(Last)

(First)

(Middle)

C/O SNOWFLAKE INC.

135 CONSTITUTION DRIVE

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Snowflake Inc. [ SNOW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/06/2026		S⁽¹⁾		238	D	$175.933⁽²⁾	23,480⁽³⁾	D
Common Stock	03/06/2026		S⁽¹⁾		85	D	$175.02	23,395⁽³⁾	D
Common Stock	03/06/2026		S⁽¹⁾		80	D	$173.147⁽⁴⁾	23,315⁽³⁾	D
Common Stock	03/06/2026		S⁽¹⁾		7,670	D	$175.933⁽²⁾	472,315	I	By Ltd Partnership⁽⁵⁾
Common Stock	03/06/2026		S⁽¹⁾		2,746	D	$175.02	469,569	I	By Ltd Partnership⁽⁵⁾
Common Stock	03/06/2026		S⁽¹⁾		2,557	D	$173.147⁽⁴⁾	467,012	I	By Ltd Partnership⁽⁵⁾
Common Stock	03/06/2026		S⁽¹⁾		497	D	$175.933⁽²⁾	30,579	I	By Trust (AMS-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		178	D	$175.02	30,401	I	By Trust (AMS-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		165	D	$173.147⁽⁴⁾	30,236	I	By Trust (AMS-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		497	D	$175.933⁽²⁾	30,579	I	By Trust (WWS-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		178	D	$175.02	30,401	I	By Trust (WWS-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		165	D	$173.147⁽⁴⁾	30,236	I	By Trust (WWS-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		497	D	$175.933⁽²⁾	30,579	I	By Trust (LES-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		178	D	$175.02	30,401	I	By Trust (LES-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		165	D	$173.147⁽⁴⁾	30,236	I	By Trust (LES-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		497	D	$175.933⁽²⁾	30,579	I	By Trust (ESS-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		178	D	$175.02	30,401	I	By Trust (ESS-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		165	D	$173.147⁽⁴⁾	30,236	I	By Trust (ESS-21)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		20,104	D	$175.933⁽²⁾	1,315,185	I	By Trust (Rev Tr)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		7,198	D	$175.02	1,307,987	I	By Trust (Rev Tr)⁽⁶⁾
Common Stock	03/06/2026		S⁽¹⁾		6,703	D	$173.147⁽⁴⁾	1,301,284	I	By Trust (Rev Tr)⁽⁶⁾
Common Stock								790,158	I	By Sutter Hill Ventures⁽⁷⁾
Common Stock								2,288	I	By SHM Investments, LLC⁽⁸⁾
Common Stock								2,500	I	By Trust (SCT)⁽⁶⁾
Common Stock								402	I	By Trust (SRT)⁽⁶⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many Snowflake (SNOW) shares were sold in Michael Speiser’s latest Form 4?

The Form 4 reports net sales of 50,741 Snowflake common shares on March 6, 2026. These sales were executed in multiple open-market transactions by Michael L. Speiser and related entities, including partnerships and trusts, at various weighted-average prices.

What prices were received for the Snowflake (SNOW) shares sold by entities tied to Michael Speiser?

The reported sales occurred at weighted-average prices between $173.147 and $175.933 per share. Footnotes explain that each weighted-average price covers multiple trades within narrower ranges, and detailed per-trade pricing is available upon request to the issuer or regulators.

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.

How many Snowflake (SNOW) shares does Michael Speiser hold directly after these transactions?

After the reported sales, Michael L. Speiser’s direct holdings total 23,315 Snowflake common shares. The Form 4 also lists sizable additional indirect holdings through a revocable trust, a limited partnership, and other trusts, where he reports only his pecuniary interests.

Which entities associated with Michael Speiser transacted Snowflake (SNOW) shares in this Form 4?

The filing shows sales and holdings through a limited partnership, several family trusts (including a revocable trust) and indirect holdings by Sutter Hill Ventures and SHM Investments, LLC. Mr. Speiser disclaims beneficial ownership beyond his pecuniary interest in these indirect positions.

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.