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Snowflake (NYSE: SNOW) director reports 10b5-1 stock sales and holdings

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Snowflake Inc. director reports planned stock sales under 10b5-1 plan. A Snowflake Inc. director sold multiple blocks of common stock on 01/02/2026, executed under a Rule 10b5-1 trading plan adopted on December 27, 2024. Reported sales of common stock occurred at weighted-average prices of $221.258 per share and $220.64 per share, with individual trades executed within disclosed price ranges.

After these transactions, the director directly owned 24,184 Snowflake common shares and also held significant indirect positions, including 1,297,444 shares held by a revocable trust and 494,968 shares held through a limited partnership, along with additional shares held in several named trusts. The filing notes that some holdings include shares to be issued upon vesting of restricted stock units and that beneficial ownership is disclaimed beyond the director’s pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Speiser Michael L
Role Director
Sold 50,741 shs ($11.22M)
Type Security Shares Price Value
Sale Common Stock 340 $221.258 $75K
Sale Common Stock 63 $220.64 $14K
Sale Common Stock 28,736 $221.258 $6.36M
Sale Common Stock 5,269 $220.64 $1.16M
Sale Common Stock 10,963 $221.258 $2.43M
Sale Common Stock 2,010 $220.64 $443K
Sale Common Stock 710 $221.258 $157K
Sale Common Stock 130 $220.64 $29K
Sale Common Stock 710 $221.258 $157K
Sale Common Stock 130 $220.64 $29K
Sale Common Stock 710 $221.258 $157K
Sale Common Stock 130 $220.64 $29K
Sale Common Stock 710 $221.258 $157K
Sale Common Stock 130 $220.64 $29K
Holdings After Transaction: Common Stock — 24,184 shares (Direct); Common Stock — 1,297,444 shares (Indirect, By Trust (Rev Tr))
Footnotes (1)
  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. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $220.811 to $221.810, 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. 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. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $220.500 to $220.800, inclusive. 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. 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.
Form 4 Insider Transactions: What Each Field Means →
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)
01/02/2026
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 01/02/2026 S(1) 340 D $221.258(2) 24,184(3) D
Common Stock 01/02/2026 S(1) 63 D $220.64(4) 24,121(3) D
Common Stock 01/02/2026 S(1) 28,736 D $221.258(2) 1,297,444 I By Trust (Rev Tr)(5)
Common Stock 01/02/2026 S(1) 5,269 D $220.64(4) 1,292,175 I By Trust (Rev Tr)(5)
Common Stock 01/02/2026 S(1) 10,963 D $221.258(2) 494,968 I By Ltd Partnership(6)
Common Stock 01/02/2026 S(1) 2,010 D $220.64(4) 492,958 I By Ltd Partnership(6)
Common Stock 01/02/2026 S(1) 710 D $221.258(2) 32,046 I By Trust (AMS-21)(5)
Common Stock 01/02/2026 S(1) 130 D $220.64(4) 31,916 I By Trust (AMS-21)(5)
Common Stock 01/02/2026 S(1) 710 D $221.258(2) 32,046 I By Trust (ESS-21)(5)
Common Stock 01/02/2026 S(1) 130 D $220.64(4) 31,916 I By Trust (ESS-21)(5)
Common Stock 01/02/2026 S(1) 710 D $221.258(2) 32,046 I By Trust (LES-21)(5)
Common Stock 01/02/2026 S(1) 130 D $220.64(4) 31,916 I By Trust (LES-21)(5)
Common Stock 01/02/2026 S(1) 710 D $221.258(2) 32,046 I By Trust (WWS-21)(5)
Common Stock 01/02/2026 S(1) 130 D $220.64(4) 31,916 I By Trust (WWS-21)(5)
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 $220.811 to $221.810, 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. 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.
4. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $220.500 to $220.800, inclusive.
5. 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.
6. 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 01/05/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Snowflake (SNOW) report in this filing?

A Snowflake Inc. director reported selling multiple blocks of common stock on 01/02/2026 in a series of open-market transactions at weighted-average prices of $221.258 and $220.64 per share.

Was the Snowflake insider sale made under a Rule 10b5-1 trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan that the reporting person adopted on December 27, 2024, as stated in the explanation of responses.

What are the director’s direct Snowflake share holdings after the reported trades?

Following the reported transactions, the director held 24,184 shares of Snowflake common stock in a direct ownership form.

What indirect Snowflake share holdings does the reporting person have after these trades?

After the transactions, indirect holdings included 1,297,444 shares held by a revocable trust and 494,968 shares held through a limited partnership, as well as additional blocks of 32,046 and 31,916 shares in several named trusts.

How were the reported Snowflake share sale prices calculated?

The prices reported in Column 4 are weighted-average prices. One set of sales occurred in multiple transactions ranging from $220.811 to $221.810, and another from $220.500 to $220.800, inclusive.

Does the Snowflake director claim full beneficial ownership of all indirectly held shares?

No. The filing explains that some shares are held by trusts and a limited partnership, and the reporting person disclaims beneficial ownership of those shares except to the extent of their pecuniary interest.

Do the director’s reported holdings include restricted stock units (RSUs)?

Yes. A footnote states that the holdings include shares to be issued in connection with the vesting of one or more restricted stock units, with the reporting person sharing pecuniary interest under contractual relationships.