[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snowflake (SNOW) director reported multiple open‑market sales of common stock on 11/07/2025 under a Rule 10b5‑1 trading plan adopted on December 27, 2024. Trades included shares sold at a $257 price and at a weighted‑average $261.494 (with individual sales ranging from $261.220 to $261.550). Sales occurred across direct and indirect holdings, including trusts and a limited partnership. Following the transactions, examples of reported balances include 24,927 shares direct and 1,360,185 and 518,904 shares held indirectly via a trust and a limited partnership.

Insights

Equity markets analyst

Routine Form 4 showing pre‑planned insider sales; neutral impact.

The filing lists sales by a Snowflake director executed on 11/07/2025 under a Rule 10b5‑1 plan adopted on December 27, 2024. Reported prices include $257 and a weighted‑average of $261.494 with a stated range between $261.220 and $261.550.

Holdings are split between direct ownership and indirect vehicles (trusts and a limited partnership), with post‑transaction examples of 24,927 direct and indirect positions such as 1,360,185 and 518,904 shares. Actual market impact depends on ongoing holder activity; this disclosure by itself is administrative.

SEC Form 4

FORM 4

UNITED 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.

106 EAST BABOCK STREET, SUITE 3A

(Street)

BOZEMAN MT 59715

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Snowflake Inc. [ SNOW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/07/2025		S(1)		2,292	D	$261.494(2)	1,391,898	I	By Trust (Rev Tr)(3)
Common Stock	11/07/2025		S(1)		31,713	D	$257	1,360,185	I	By Trust (Rev Tr)(3)
Common Stock	11/07/2025		S(1)		26	D	$261.494(2)	25,304(4)	D
Common Stock	11/07/2025		S(1)		377	D	$257	24,927(4)	D
Common Stock	11/07/2025		S(1)		875	D	$261.494(2)	531,002	I	By Ltd Partnership(5)
Common Stock	11/07/2025		S(1)		12,098	D	$257	518,904	I	By Ltd Partnership(5)
Common Stock	11/07/2025		S(1)		57	D	$261.494(2)	34,379	I	By Trust (AMS-21)(3)
Common Stock	11/07/2025		S(1)		783	D	$257	33,596	I	By Trust (AMS-21)(3)
Common Stock	11/07/2025		S(1)		57	D	$261.494(2)	34,379	I	By Trust (ESS-21)(3)
Common Stock	11/07/2025		S(1)		783	D	$257	33,596	I	By Trust (ESS-21)(3)
Common Stock	11/07/2025		S(1)		57	D	$261.494(2)	34,379	I	By Trust (LES-21)(3)
Common Stock	11/07/2025		S(1)		783	D	$257	33,596	I	By Trust (LES-21)(3)
Common Stock	11/07/2025		S(1)		57	D	$261.494(2)	34,379	I	By Trust (WWS-21)(3)
Common Stock	11/07/2025		S(1)		783	D	$257	33,596	I	By Trust (WWS-21)(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $261.220 to $261.550, 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. 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.

5. 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.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	11/10/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Snowflake (SNOW) disclose in this Form 4?

A director reported multiple open‑market sales of common stock on 11/07/2025 executed under a Rule 10b5‑1 plan.

Were the SNOW insider sales under a 10b5-1 plan?

Yes. The plan was adopted on December 27, 2024, and the sales on 11/07/2025 were made pursuant to it.

At what prices were Snowflake shares sold?

Sales included a $257 price and a weighted‑average of $261.494, with individual trades between $261.220 and $261.550.

How many shares did the SNOW insider sell in individual transactions?

Examples include 31,713 shares at $257 and 12,098 shares at $257, plus smaller blocks at weighted‑average $261.494.

What are the director’s holdings after these transactions?

Reported examples include 24,927 shares direct and indirect balances such as 1,360,185 (trust) and 518,904 (limited partnership).

How were the SNOW share prices reported?

The filing notes weighted‑average pricing for some sales and offers to provide full trade‑level details within the stated price ranges.