Snowflake director-linked entities sell 47K shares
Snowflake Inc. director Michael L. Speiser reported open-market sales of 47,381 shares of common stock on July 6, 2026.
Rhea-AI Filing Summary
Snowflake Inc. director Michael L. Speiser reported open-market sales of 47,381 shares of common stock on July 6, 2026. The trades were executed at prices ranging from about $253.8610 to $263.9120 per share through a limited partnership, a revocable trust, and his direct holdings.
The filing notes these transactions were made under a Rule 10b5-1 trading plan adopted on December 27, 2024, indicating they were pre-scheduled. After the sales, entities associated with Speiser continue to hold substantial direct and indirect Snowflake positions as reflected in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 47,381 shares
Net Sell
30 txns
Insider
Speiser Michael L
Role
Director
Sold
47,381 shs ($12.22M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,143 | $263.912 | $566K |
| Sale | Common Stock | 3,368 | $262.741 | $885K |
| Sale | Common Stock | 6,054 | $262.06 | $1.59M |
| Sale | Common Stock | 301 | $260.362 | $78K |
| Sale | Common Stock | 567 | $259.765 | $147K |
| Sale | Common Stock | 400 | $258.251 | $103K |
| Sale | Common Stock | 1,169 | $257.447 | $301K |
| Sale | Common Stock | 18,831 | $255.161 | $4.80M |
| Sale | Common Stock | 1,123 | $254.524 | $286K |
| Sale | Common Stock | 49 | $253.861 | $12K |
| Sale | Common Stock | 25 | $263.912 | $7K |
| Sale | Common Stock | 40 | $262.741 | $11K |
| Sale | Common Stock | 72 | $262.06 | $19K |
| Sale | Common Stock | 4 | $260.362 | $1K |
| Sale | Common Stock | 7 | $259.765 | $2K |
| Sale | Common Stock | 5 | $258.251 | $1K |
| Sale | Common Stock | 14 | $257.447 | $4K |
| Sale | Common Stock | 223 | $255.161 | $57K |
| Sale | Common Stock | 12 | $254.524 | $3K |
| Sale | Common Stock | 1 | $253.861 | $253.86 |
| Sale | Common Stock | 818 | $263.912 | $216K |
| Sale | Common Stock | 1,285 | $262.741 | $338K |
| Sale | Common Stock | 2,310 | $262.06 | $605K |
| Sale | Common Stock | 114 | $260.362 | $30K |
| Sale | Common Stock | 216 | $259.765 | $56K |
| Sale | Common Stock | 153 | $258.251 | $40K |
| Sale | Common Stock | 446 | $257.447 | $115K |
| Sale | Common Stock | 7,185 | $255.161 | $1.83M |
| Sale | Common Stock | 428 | $254.524 | $109K |
| Sale | Common Stock | 18 | $253.861 | $5K |
Holdings After Transaction:
Common Stock — 1,165,264 shares (Indirect, By Trust (Rev Tr));
Common Stock — 22,976 shares (Direct);
Common Stock — 415,120 shares (Indirect, By Ltd Partnership)
Footnotes (14)
- 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 $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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- F13. 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.
- F14. 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.
Key Figures
Shares sold: 47,381 shares
Lowest reported sale price: $253.8610 per share
Highest reported sale price: $263.9120 per share
+2 more
5 metrics
Shares sold
47,381 shares
Total Snowflake common shares sold across 30 open-market trades on July 6, 2026
Lowest reported sale price
$253.8610 per share
One of the weighted-average sale prices disclosed for the July 6, 2026 transactions
Highest reported sale price
$263.9120 per share
Highest individual transaction price listed among the July 6, 2026 sales
Reported sale count
30 transactions
Number of separate open-market sale entries summarized in the Form 4
10b5-1 plan adoption date
December 27, 2024
Date the pre-arranged trading plan governing these sales was adopted
Key Terms
Rule 10b5-1 trading plan, weighted-average price, restricted stock units, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan"
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.
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.
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.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest therein."
limited partnership financial
"Shares held by a limited partnership of which the Reporting Person is a trustee of a trust which is the general partner."
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
FAQ
What did Snowflake (SNOW) director Michael L. Speiser report in this Form 4?
Michael L. Speiser reported open-market sales of 47,381 Snowflake common shares on July 6, 2026. The sales occurred across multiple transactions at prices between $253.8610 and $263.9120 per share, involving both direct holdings and indirect entities such as a partnership and a trust.
Were Speiser’s Snowflake (SNOW) stock sales made under a trading plan?
Yes. A footnote states the sales were effected under a Rule 10b5-1 trading plan adopted on December 27, 2024. Such plans are pre-arranged trading programs, which means the timing of these Snowflake share sales was scheduled in advance rather than decided spontaneously.
AI-generated analysis. How Rhea-AI works. Not financial advice.
