Snowflake (NYSE: SNOW) director logs 10b5-1 insider sales near $230 range

Rhea-AI Filing Summary

A director of Snowflake Inc. reported multiple open-market sales of common stock on 12/05/2025. All transactions were coded as sales and executed under a Rule 10b5-1 trading plan that was adopted on December 27, 2024, indicating they were pre-arranged.

The shares were sold in several tranches at weighted-average prices, with ranges from $232.591 to $233.590, $231.551 to $232.550, $230.411 to $231.410, and $230.000 to $230.390 per share. After these transactions, the director continued to hold Snowflake stock both directly and through various trusts and a limited partnership, including 24,524 shares held directly as of the last reported line and over 1.3 million shares held indirectly by a revocable trust.

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)
12/05/2025

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	12/05/2025		S(1)		23	D	$233.073(2)	24,904(3)	D
Common Stock	12/05/2025		S(1)		33	D	$232.108(4)	24,871(3)	D
Common Stock	12/05/2025		S(1)		115	D	$230.793(5)	24,756(3)	D
Common Stock	12/05/2025		S(1)		232	D	$230.131(6)	24,524(3)	D
Common Stock	12/05/2025		S(1)		2,048	D	$233.073(2)	1,358,137	I	By Trust (Rev Tr)(7)
Common Stock	12/05/2025		S(1)		2,723	D	$232.108(4)	1,355,414	I	By Trust (Rev Tr)(7)
Common Stock	12/05/2025		S(1)		9,649	D	$230.793(5)	1,345,765	I	By Trust (Rev Tr)(7)
Common Stock	12/05/2025		S(1)		19,585	D	$230.131(6)	1,326,180	I	By Trust (Rev Tr)(7)
Common Stock	12/05/2025		S(1)		782	D	$233.073(2)	518,122	I	By Ltd Partnership(8)
Common Stock	12/05/2025		S(1)		1,039	D	$232.108(4)	517,083	I	By Ltd Partnership(8)
Common Stock	12/05/2025		S(1)		3,681	D	$230.793(5)	513,402	I	By Ltd Partnership(8)
Common Stock	12/05/2025		S(1)		7,471	D	$230.131(6)	505,931	I	By Ltd Partnership(8)
Common Stock	12/05/2025		S(1)		51	D	$233.073(2)	33,545	I	By Trust (AMS-21)(7)
Common Stock	12/05/2025		S(1)		67	D	$232.108(4)	33,478	I	By Trust (AMS-21)(7)
Common Stock	12/05/2025		S(1)		238	D	$230.793(5)	33,240	I	By Trust (AMS-21)(7)
Common Stock	12/05/2025		S(1)		484	D	$230.131(6)	32,756	I	By Trust (AMS-21)(7)
Common Stock	12/05/2025		S(1)		51	D	$233.073(2)	33,545	I	By Trust (ESS-21)(7)
Common Stock	12/05/2025		S(1)		67	D	$232.108(4)	33,478	I	By Trust (ESS-21)(7)
Common Stock	12/05/2025		S(1)		238	D	$230.793(5)	33,240	I	By Trust (ESS-21)(7)
Common Stock	12/05/2025		S(1)		484	D	$230.131(6)	32,756	I	By Trust (ESS-21)(7)
Common Stock	12/05/2025		S(1)		51	D	$233.073(2)	33,545	I	By Trust (LES-21)(7)
Common Stock	12/05/2025		S(1)		67	D	$232.108(4)	33,478	I	By Trust (LES-21)(7)
Common Stock	12/05/2025		S(1)		238	D	$230.793(5)	33,240	I	By Trust (LES-21)(7)
Common Stock	12/05/2025		S(1)		484	D	$230.131(6)	32,756	I	By Trust (LES-21)(7)
Common Stock	12/05/2025		S(1)		51	D	$233.073(2)	33,545	I	By Trust (WWS-21)(7)
Common Stock	12/05/2025		S(1)		67	D	$232.108(4)	33,478	I	By Trust (WWS-21)(7)
Common Stock	12/05/2025		S(1)		238	D	$230.793(5)	33,240	I	By Trust (WWS-21)(7)
Common Stock	12/05/2025		S(1)		484	D	$230.131(6)	32,756	I	By Trust (WWS-21)(7)

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 $232.591 to $233.590, 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 $231.551 to $232.550, inclusive.

5. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $230.411 to $231.410, inclusive.

6. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $230.000 to $230.390, inclusive.

7. 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.

8. 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	12/08/2025
	** 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 the Snowflake Inc. (SNOW) insider report in this Form 4?

The filing reports that a director of Snowflake Inc. executed multiple sales of common stock on 12/05/2025, covering both directly and indirectly held shares.

Were the Snowflake (SNOW) insider sales under a Rule 10b5-1 trading plan?

Yes. The explanation states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 27, 2024.

What price ranges did the Snowflake (SNOW) director receive for the sold shares?

Weighted-average sale prices were reported with ranges of $232.591–$233.590, $231.551–$232.550, $230.411–$231.410, and $230.000–$230.390 per share.

How many Snowflake (SNOW) shares did the director hold directly after the reported trades?

After the reported transactions, one line shows the director with 24,524 shares of Snowflake common stock held directly.

What indirect Snowflake (SNOW) holdings does the insider report?

The filing lists large indirect positions, including 1,326,180 shares held by a revocable trust and 505,931 shares held through a limited partnership, among other trusts.

Does the insider claim full beneficial ownership of all reported Snowflake (SNOW) shares?

No. For shares held through certain trusts and a limited partnership, the reporting person disclaims beneficial ownership except to the extent of their pecuniary interest.