Snowflake director Michael L. Speiser sells 50,741 shares
The reported transactions were made under a Rule 10b5-1 trading plan adopted December 27, 2024.
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Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Michael L. Speiser reported sales totaling 50,741 shares of common stock on October 2, 2026, at $344 per share. The transactions included directly held shares and shares held through a limited partnership and trusts, and were made under a Rule 10b5-1 trading plan adopted December 27, 2024.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 50,741 shares
Net Sell
11 txns
Insider
Speiser Michael L
Role
Director
Sold
50,741 shs ($17.45M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 403 | $344.00 | $139K |
| Sale | Common Stock F1, F3 | 12,973 | $344.00 | $4.46M |
| Sale | Common Stock F1, F4 | 840 | $344.00 | $289K |
| Sale | Common Stock F1, F4 | 840 | $344.00 | $289K |
| Sale | Common Stock F1, F4 | 840 | $344.00 | $289K |
| Sale | Common Stock F1, F4 | 840 | $344.00 | $289K |
| Sale | Common Stock F1, F4 | 34,005 | $344.00 | $11.70M |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,767 shares (Direct);
Common Stock — 376,201 shares (Indirect, By Ltd Partnership);
Common Stock — 24,356 shares (Indirect, By Trust (AMS-21));
Common Stock — 24,356 shares (Indirect, By Trust (WWS-21));
Common Stock — 24,356 shares (Indirect, By Trust (LES-21));
Common Stock — 24,356 shares (Indirect, By Trust (ESS-21));
Common Stock — 1,137,741 shares (Indirect, By Trust (Rev Tr));
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))
Footnotes (6)
- F1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
Key Figures
Shares sold: 50,741 shares
Sale price: $344 per share
Direct shares following transaction: 21,767 shares
+3 more
6 metrics
Shares sold
50,741 shares
Sales reported for October 2, 2026
Sale price
$344 per share
Sales reported for October 2, 2026
Direct shares following transaction
21,767 shares
Reported following the October 2, 2026 sale
Limited partnership shares following transaction
376,201 shares
Reported following the October 2, 2026 sale
Shares following transaction in each of four trust rows
24,356 shares
AMS-21, WWS-21, LES-21 and ESS-21 trust rows
Rev Tr trust shares following transaction
1,137,741 shares
Reported following the October 2, 2026 sale
Key Terms
Rule 10b5-1 trading plan, restricted stock units, pecuniary interest, beneficial ownership
4 terms
Rule 10b5-1 trading plan financial
"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.
restricted stock units financial
"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
"disclaims beneficial ownership except as to the Reporting Person's pecuniary interest"
beneficial ownership technical
"disclaims beneficial ownership in these shares"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What holdings remained after Michael L. Speiser's SNOW sales?
Reported positions following the October 2, 2026 transactions included 21,767 directly held shares, 376,201 shares held by the limited partnership, 24,356 shares in each of the AMS-21, WWS-21, LES-21 and ESS-21 trust transaction rows, and 1,137,741 shares in the Rev Tr trust row. Other indirect holdings listed were 2,288 shares through SHM Investments, LLC, 2,463 through SHM, 2,500 in the SCT trust and 402 in the SRT trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
