Snowflake (SNOW) director-linked trust sells 840 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
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 27,663 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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 840 shares ($216,642)
Net Sell
14 txns
Insider
Speiser Michael L
Role
null
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 — 27,663 shares (Indirect, By Trust (WWS-21))
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 $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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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.
Key Figures
Shares sold: 840 shares
Example sale price: $253.861 per share
Highest listed sale price: $263.912 per share
+5 more
8 metrics
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
Key Terms
10b5-1 trading plan, weighted-average price, pecuniary interest, indirect, +1 more
5 terms
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
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.
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.