Snowflake (SNOW) director Michael Speiser granted 1,273 RSUs and reports large indirect holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Speiser Michael L reported acquisition or exercise transactions in this Form 4 filing.
Snowflake Inc. director Michael L. Speiser reported an equity award of 1,273 shares of common stock in the form of restricted stock units. These units were granted at $0.00 per share as compensation and increase his directly held common stock to 23,379 shares after the transaction.
The restricted stock units will vest in full on the earlier of the company’s 2027 annual stockholder meeting (or immediately prior to that meeting in certain director transition cases) or the first anniversary of the grant date, subject to his continued service as a director. The filing also lists substantial additional indirect holdings in Snowflake common stock through various trusts, a limited partnership, Sutter Hill Ventures, and SHM Investments, LLC, where Speiser shares pecuniary interest and disclaims beneficial ownership except to the extent of that pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Speiser Michael L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,273 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,379 shares (Direct, null);
Common Stock — 428,093 shares (Indirect, By Ltd Partnership)
Footnotes (1)
- The shares represent restricted stock units, which will vest in full on the earlier of (i) the date of the annual meeting of the Issuer's stockholders to be held in 2027 (or the date immediately prior to such meeting if the Reporting Person's service as a director ends at such meeting due to the Reporting Person's failure to be re-elected or the Reporting Person not standing for re-election), or (ii) the first anniversary of the date of grant; subject to the Reporting Person's continued service through such date. 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. 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. 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 Sutter Hill Ventures, a California Limited Partnership ("SHV"). The Reporting Person is a managing director and member of the management committee of the general partner of SHV. The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest therein. 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.
Key Figures
RSU grant: 1,273 shares
Direct holdings after grant: 23,379 shares
Revocable trust indirect holding: 1,199,269 shares
+5 more
8 metrics
RSU grant
1,273 shares
Restricted stock unit award of common stock
Direct holdings after grant
23,379 shares
Common stock directly held following the transaction
Revocable trust indirect holding
1,199,269 shares
Common stock held indirectly by Trust (Rev Tr)
Sutter Hill Ventures holding
790,158 shares
Common stock held indirectly by Sutter Hill Ventures
Limited partnership holding
428,093 shares
Common stock held indirectly by a limited partnership
SHM Investments holding
2,288 shares
Common stock held indirectly by SHM Investments, LLC
Trust SRT holding
402 shares
Common stock held indirectly by Trust (SRT)
Transaction date
June 29, 2026
Date of reported RSU grant and holdings
Key Terms
restricted stock units, pecuniary interest, beneficial ownership, limited partnership, +2 more
6 terms
restricted stock units financial
"The shares represent restricted stock units, which will vest in full on the earlier of"
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
"The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest"
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.
limited partnership financial
"Shares held by a limited partnership of which the Reporting Person is a trustee of a trust"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
Sutter Hill Ventures financial
"Shares held by Sutter Hill Ventures, a California Limited Partnership ("SHV")"
trustee financial
"Shares held by a trust of which the Reporting Person is a Trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What did Snowflake (SNOW) director Michael Speiser report in this Form 4?
Michael L. Speiser reported an award of 1,273 shares of Snowflake common stock in the form of restricted stock units. This compensation-related grant increased his directly held common stock to 23,379 shares following the transaction, with additional indirect holdings reported through various entities.
When do Michael Speiser’s new Snowflake (SNOW) restricted stock units vest?
The restricted stock units vest in full on the earlier of the 2027 annual meeting of Snowflake stockholders or the first anniversary of the grant date. Vesting is conditioned on Speiser’s continued service as a director through the applicable vesting date described in the award terms.
Does Michael Speiser have indirect Snowflake (SNOW) holdings through investment entities?
Yes. The filing reports indirect Snowflake holdings through Sutter Hill Ventures, SHM Investments, LLC, a limited partnership, and multiple trusts. Footnotes state he disclaims beneficial ownership of these shares except for his pecuniary interest, reflecting shared economic exposure through those entities.
Is Michael Speiser’s Form 4 for Snowflake (SNOW) an open-market trade?
No. The Form 4 shows a grant coded as an award of restricted stock units at $0.00 per share, not an open-market purchase or sale. It primarily reflects stock-based director compensation plus updated reporting of indirect share holdings through affiliated entities.