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Snowflake director Speiser reports five trust sales

The sales were made under a Rule 10b5-1 plan adopted on December 27, 2024, and involved shares held by a trust.

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Form Type
4

Rhea-AI Filing Summary

Snowflake Inc. director Michael L. Speiser reported five sales of common stock held by Trust (WWS-21) on November 6, 2026: 121 shares at a weighted-average price of $279.9773 per share, 94 at $279.5011, 202 at $278.0049, 205 at $274.0101, and 218 at $272.0028. The sales were made under a Rule 10b5-1 trading plan adopted by Speiser on December 27, 2024. Speiser is identified as a trustee and disclaims beneficial ownership of the trust shares except as to his pecuniary interest.

Insider Speiser Michael L
Role Director
Sold 840 shs ($232K)
Share of Position Sold 3.4%
Type Security Shares Price Value
Sale Common Stock F1, F2, F3 121 $279.9773 $34K
Sale Common Stock F1, F4, F3 94 $279.5011 $26K
Sale Common Stock F1, F5, F3 202 $278.0049 $56K
Sale Common Stock F1, F6, F3 205 $274.0101 $56K
Sale Common Stock F1, F7, F3 218 $272.0028 $59K
Holding Common Stock F8 -- -- --
Holding Common Stock F9 -- -- --
Holding Common Stock F3 -- -- --
Holding Common Stock F3 -- -- --
Holdings After Transaction: Common Stock — 23,516 shares (Indirect, By Trust (WWS-21)); Common Stock — 2,288 shares (Indirect, By SHM Investments, LLC); Common Stock — 2,463 shares (Indirect, By SHM); Common Stock — 2,500 shares (Indirect, By Trust (SCT)); Common Stock — 402 shares (Indirect, By Trust (SRT))
Holdings Before and After: Common Stock, 24,356 to 23,516 shares (Indirect, By Trust (WWS-21))
Other Insiders: 3 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (9)
  1. F1. Shares were sold pursuant to a Rule 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 $279.735 to $280.730, 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 $279.070 to $279.712, inclusive.
  5. F5. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $278.000 to $278.175, inclusive.
  6. F6. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $274.000 to $274.170, inclusive.
  7. F7. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $272.000 to $272.110, inclusive.
  8. F8. 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.
  9. F9. Shares held by Sutter Hill Management Company, L.L.C. ("SHM"). The Reporting Person is a managing member of SHM. The Reporting Person disclaims beneficial ownership of these shares except as to the Reporting Person's pecuniary interest therein.
Shares sold and weighted-average price 121 shares at $279.9773 per share Trust (WWS-21), November 6, 2026
Shares sold and weighted-average price 94 shares at $279.5011 per share Trust (WWS-21), November 6, 2026
Shares sold and weighted-average price 202 shares at $278.0049 per share Trust (WWS-21), November 6, 2026
Shares sold and weighted-average price 205 shares at $274.0101 per share Trust (WWS-21), November 6, 2026
Shares sold and weighted-average price 218 shares at $272.0028 per share Trust (WWS-21), November 6, 2026
Rule 10b5-1 trading plan regulatory
"Shares were sold pursuant to a Rule 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.
pecuniary interest financial
"except as to the Reporting Person's pecuniary interest therein."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SNOW shares did the trust sell, and at what prices?
Trust (WWS-21) reported five sales on November 6, 2026: 121 shares at $279.9773, 94 at $279.5011, 202 at $278.0049, 205 at $274.0101, and 218 at $272.0028 per share. Each reported price is a weighted average; the corresponding transaction ranges were $279.735–$280.730, $279.070–$279.712, $278.000–$278.175, $274.000–$274.170, and $272.000–$272.110, respectively.

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

Form 4 Insider Transactions: What Each Field Means →
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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)
11/06/2026		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 Stock11/06/2026S(1)121D$279.9773(2)24,235IBy Trust (WWS-21)(3)
Common Stock11/06/2026S(1)94D$279.5011(4)24,141IBy Trust (WWS-21)(3)
Common Stock11/06/2026S(1)202D$278.0049(5)23,939IBy Trust (WWS-21)(3)
Common Stock11/06/2026S(1)205D$274.0101(6)23,734IBy Trust (WWS-21)(3)
Common Stock11/06/2026S(1)218D$272.0028(7)23,516IBy Trust (WWS-21)(3)
Common Stock2,288IBy SHM Investments, LLC(8)
Common Stock2,463IBy SHM(9)
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. Shares were sold pursuant to a Rule 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 $279.735 to $280.730, 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 $279.070 to $279.712, inclusive.
5. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $278.000 to $278.175, inclusive.
6. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $274.000 to $274.170, inclusive.
7. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $272.000 to $272.110, inclusive.
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.
9. Shares held by Sutter Hill Management Company, L.L.C. ("SHM"). The Reporting Person is a managing member of SHM. The Reporting Person disclaims beneficial ownership of these shares except as to the Reporting Person's pecuniary interest therein.
Remarks:
2 of 2 Form 4s for transactions on November 6, 2026.
/s/ Marie Reider, Attorney-in-Fact11/10/2026
** 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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