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  4. [Form 4] Snowflake Inc. Insider Trading Activity

Snowflake director’s trust sells 840 SNOW shares

Snowflake Inc. director Michael L. Speiser reported indirect open-market sales of 840 shares of Common Stock on July 6, 2026, executed by a trust identified as WWS-21.

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Form Type
4

Rhea-AI Filing Summary

Snowflake Inc. director Michael L. Speiser reported indirect open-market sales of 840 shares of Common Stock on July 6, 2026, executed by a trust identified as WWS-21. The filing notes these sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on December 27, 2024.

Following the transactions, the WWS-21 trust reported holding 26,876 Snowflake shares indirectly. Additional indirect holdings reported include 790,158 shares held by Sutter Hill Ventures, 2,288 shares held by SHM Investments, LLC, and smaller positions in other trusts, all with beneficial ownership disclaimed except for any pecuniary interest.

Insider Speiser Michael L
Role Director
Sold 840 shs ($217K)
Type Security Shares Price Value
Sale Common Stock 53 $263.912 $14K
Sale Common Stock 83 $262.741 $22K
Sale Common Stock 150 $262.06 $39K
Sale Common Stock 7 $260.362 $2K
Sale Common Stock 14 $259.765 $4K
Sale Common Stock 10 $258.251 $3K
Sale Common Stock 29 $257.447 $7K
Sale Common Stock 465 $255.161 $119K
Sale Common Stock 28 $254.524 $7K
Sale Common Stock 1 $253.861 $253.86
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 26,876 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 (14)
  1. 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.
  2. F2. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $263.465 to $264.430, 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. F3. 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.
  4. F4. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $262.310 to $263.290, inclusive.
  5. F5. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $261.330 to $262.290, inclusive.
  6. F6. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $260.300 to $261.140, inclusive.
  7. F7. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $259.565 to $260.100, inclusive.
  8. F8. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $257.940 to $258.800, inclusive.
  9. F9. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $257.120 to $257.750, inclusive.
  10. F10. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $255.010 to $255.970, inclusive.
  11. F11. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $254.000 to $254.950, inclusive.
  12. F12. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $253.860 to $253.880, inclusive.
  13. F13. 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.
  14. F14. 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.
Shares sold 840 shares Total Snowflake common shares sold on July 6, 2026
Example sale price $253.861 per share One reported open-market sale price on July 6, 2026
Highest listed sale price $263.912 per share Highest individual price shown in structured transactions
Trust WWS-21 holdings 27,663 shares Indirect Snowflake shares held after the reported sales
Sutter Hill Ventures holdings 790,158 shares Indirect Snowflake shares held via Sutter Hill Ventures
SHM Investments holdings 2,288 shares Indirect Snowflake shares held via SHM Investments, LLC
Additional trust holdings 402 and 2,500 shares Indirect Snowflake shares in two other specified trusts
10b5-1 plan adoption date December 27, 2024 Date the pre-arranged trading plan governing these sales was adopted
10b5-1 trading plan financial
"The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan"
A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
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.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest therein."
indirect financial
"direct_or_indirect": "I", "nature_of_ownership": "By Trust (WWS-21)""
Sutter Hill Ventures financial
"Shares held by Sutter Hill Ventures, a California Limited Partnership ("SHV")."

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 indirect open-market sales of 840 Snowflake common shares on July 6, 2026 by a related trust. The filing also lists several indirect holdings in trusts and entities that continue to own Snowflake shares after these transactions.

Were the Snowflake (SNOW) share sales by Michael Speiser pre-planned?
Yes. The Form 4 states the reported sales were executed under a Rule 10b5-1 trading plan adopted on December 27, 2024. Such plans are pre-arranged trading instructions, designed to allow insiders to sell shares on a scheduled basis.

How many Snowflake (SNOW) shares did the WWS-21 trust hold after the sales?
After selling 840 shares, the WWS-21 trust reported holding 27,663 Snowflake common shares indirectly. Michael Speiser is associated with this trust and disclaims beneficial ownership except for any pecuniary interest, according to the Form 4 footnotes.

What other indirect Snowflake (SNOW) holdings are associated with Michael Speiser?
The Form 4 reports 790,158 shares held by Sutter Hill Ventures, 2,288 shares held by SHM Investments, LLC, and 402 and 2,500 shares in two additional trusts. Speiser disclaims beneficial ownership except for any pecuniary interest in these entities.

What prices were received in the Snowflake (SNOW) share sales reported?
The 840 shares were sold in multiple open-market trades with reported prices such as $253.861, $254.524, and $263.912 per share. Footnotes explain several reported prices are weighted averages over ranges of individual transaction prices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR
SEC Form 4
FORM 4UNITED 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).
X
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 CALIFORNIA 94025
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Snowflake Inc. [ SNOW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock07/06/2026S(1)53D$263.912(2)27,663IBy Trust (WWS-21)(3)
Common Stock07/06/2026S(1)83D$262.741(4)27,580IBy Trust (WWS-21)(3)
Common Stock07/06/2026S(1)150D$262.06(5)27,430IBy Trust (WWS-21)(3)
Common Stock07/06/2026S(1)7D$260.362(6)27,423IBy Trust (WWS-21)(3)
Common Stock07/06/2026S(1)14D$259.765(7)27,409IBy Trust (WWS-21)(3)
Common Stock07/06/2026S(1)10D$258.251(8)27,399IBy Trust (WWS-21)(3)
Common Stock07/06/2026S(1)29D$257.447(9)27,370IBy Trust (WWS-21)(3)
Common Stock07/06/2026S(1)465D$255.161(10)26,905IBy Trust (WWS-21)(3)
Common Stock07/06/2026S(1)28D$254.524(11)26,877IBy Trust (WWS-21)(3)
Common Stock07/06/2026S(1)1D$253.861(12)26,876IBy Trust (WWS-21)(3)
Common Stock790,158IBy Sutter Hill Ventures(13)
Common Stock2,288IBy SHM Investments, LLC(14)
Common Stock2,500IBy Trust (SCT)(3)
Common Stock402IBy Trust (SRT)(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
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 $263.465 to $264.430, 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. 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.
4. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $262.310 to $263.290, inclusive.
5. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $261.330 to $262.290, inclusive.
6. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $260.300 to $261.140, inclusive.
7. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $259.565 to $260.100, inclusive.
8. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $257.940 to $258.800, inclusive.
9. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $257.120 to $257.750, inclusive.
10. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $255.010 to $255.970, inclusive.
11. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $254.000 to $254.950, inclusive.
12. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $253.860 to $253.880, inclusive.
13. 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.
14. 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:
3 of 3 Form 4s for transactions on July 6, 2026.
/s/ Marie Reider, Attorney-in-Fact07/08/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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