Snowflake (SNOW) director sells 687 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Teresa Briggs sold 687 shares of Common Stock in open-market transactions under a pre-arranged Rule 10b5-1 trading plan. She sold 343 shares at $255.11 per share on July 6, 2026 and 344 shares at $254.64 per share on July 2, 2026. After these sales, she continues to hold 5,060 shares directly, a figure that includes shares to be issued upon vesting of restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 687 shares ($175,099)
Net Sell
2 txns
Insider
Briggs Teresa
Role
null
Sold
687 shs ($175K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 343 | $255.11 | $88K |
| Sale | Common Stock | 344 | $254.64 | $88K |
Holdings After Transaction:
Common Stock — 5,060 shares (Direct, null)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 2, 2026. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
Key Figures
Total shares sold: 687 shares
Sale on July 6, 2026: 343 shares at $255.11/share
Sale on July 2, 2026: 344 shares at $254.64/share
+1 more
4 metrics
Total shares sold
687 shares
Open-market sales reported in this Form 4
Sale on July 6, 2026
343 shares at $255.11/share
Common Stock open-market sale
Sale on July 2, 2026
344 shares at $254.64/share
Common Stock open-market sale
Shares held after transactions
5,060 shares
Direct holdings including shares from RSU vesting
Key Terms
Rule 10b5-1 trading plan, open-market sale, restricted stock units, Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
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.
open-market sale financial
"transaction_action: open-market sale; transaction_code_description: Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
Common Stock financial
"security_title: Common Stock in each reported transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Snowflake (SNOW) director Teresa Briggs report in this Form 4?
Teresa Briggs reported open-market sales of Snowflake Common Stock totaling 687 shares. The transactions were executed under a Rule 10b5-1 trading plan, indicating they were pre-scheduled rather than discretionary trades timed to short-term market moves.
Were Teresa Briggs’ Snowflake (SNOW) stock sales made under a 10b5-1 plan?
Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on March 2, 2026. Such plans pre-schedule trades, generally reducing the significance of trade timing as a signal of insider sentiment.
What type of security did Teresa Briggs trade in Snowflake (SNOW)?
The reported transactions involve Snowflake Inc. Common Stock as a non-derivative security. No option exercises or other derivative transactions were disclosed, and the derivative holdings summary in the filing is empty for this reporting period.