Snowflake director sells 2,520 shares via trusts
Snowflake Inc. director Michael L. Speiser reported indirect open-market sales of 2,520 shares of Common Stock on July 6, 2026 through several trusts.
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Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Michael L. Speiser reported indirect open-market sales of 2,520 shares of Common Stock on July 6, 2026 through several trusts. The trades, executed under a Rule 10b5-1 plan adopted on December 27, 2024, occurred at weighted-average prices reported between $253.861 and $263.912 per share, with 27,663 shares held indirectly after the transactions.
Insider Trade Summary 10b5-1
Net Seller: 2,520 shares
Net Sell
30 txns
Insider
Speiser Michael L
Role
Director
Sold
2,520 shs ($650K)
| 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 |
| 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 |
| 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 |
Holdings After Transaction:
Common Stock — 26,876 shares (Indirect, By Trust (AMS-21));
Common Stock — 26,876 shares (Indirect, By Trust (ESS-21));
Common Stock — 26,876 shares (Indirect, By Trust (LES-21))
Footnotes (12)
- 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.
Key Figures
Shares sold: 2,520 shares
Lowest reported sale price: $253.861 per share
Highest reported sale price: $263.912 per share
+3 more
6 metrics
Shares sold
2,520 shares
Total non-derivative shares sold on July 6, 2026
Lowest reported sale price
$253.861 per share
Weighted-average price on one transaction line
Highest reported sale price
$263.912 per share
Weighted-average price on one transaction line
Shares held after transactions
27,663 shares
Indirect holdings reported following the sales
10b5-1 plan adoption date
December 27, 2024
Date the trading plan governing these sales was adopted
Number of sale transactions
30 transactions
Count of individual open-market sale entries
Key Terms
Rule 10b5-1 trading plan, weighted-average price, beneficial ownership, open-market sale, +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 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.
weighted-average price financial
"The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions"
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.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
open-market sale financial
"transaction_action": "open-market sale""
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.
trust financial
"Shares held by a trust of which the Reporting Person is a Trustee"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Snowflake (SNOW) disclose for Michael L. Speiser?
Snowflake disclosed that director Michael L. Speiser reported indirect open-market sales of 2,520 shares of Common Stock. The transactions were executed by several trusts associated with him, rather than through direct personal holdings.
Was the Snowflake (SNOW) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on December 27, 2024, indicating the trades were pre-arranged rather than newly timed decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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