Speiser Michael L 4
4 · Snowflake Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Snowflake (SNOW) Director Michael Speiser Sells Shares
What Happened
Michael L. Speiser, a director of Snowflake Inc. (SNOW), sold a total of 50,741 shares in multiple open‑market transactions on March 6, 2026, generating approximately $8,889,352 in gross proceeds. The trades were reported as sales (code S) and were effected under a pre‑arranged 10b5‑1 trading plan adopted December 27, 2024. Reported per‑lot prices in the filing include amounts around $173.15, $175.02 and $175.93; weighted‑average and range footnotes indicate transactions occurred roughly between $173.00 and $176.17.
Key Details
- Transaction date: March 6, 2026 (filed: March 9, 2026) — filing appears timely.
- Total shares sold: 50,741; total reported proceeds: ~$8.89 million.
- Reported prices: multiple lots with weighted averages; filing footnotes state trade price ranges ~ $173.00–$176.17 (see F2, F4).
- Shares owned after transaction: not specified in the provided summary of the Form 4.
- Notable footnotes: F1 — sales were under a 10b5‑1 plan (adopted 12/27/2024). F2/F4 — weighted‑average prices and price ranges disclosed. F3/F5/F6/F7/F8 — several holdings are reported as held via trusts/partnerships where the reporting person disclaims beneficial ownership except for pecuniary interest.
Context
- These were outright sales (S), which are typically routine dispositions when made under an established 10b5‑1 plan; the plan means trades were pre‑scheduled and not necessarily a contemporaneous signal about company prospects.
- No option exercises, gifts, or purchases were reported in this filing.
- For full details (exact per‑trade prices, remaining holdings, and the specific language of the 10b5‑1 plan or ownership disclaimers), consult the Form 4 filing (Accession 0001433644-26-000005).
Insider Transaction Report
Form 4
Snowflake Inc.SNOW
Speiser Michael L
Director
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-03-06$175.93/sh−238$41,872→ 23,480 total - Sale
Common Stock
[F1][F3]2026-03-06$175.02/sh−85$14,877→ 23,395 total - Sale
Common Stock
[F1][F4][F3]2026-03-06$173.15/sh−80$13,852→ 23,315 total - Sale
Common Stock
[F1][F2][F5]2026-03-06$175.93/sh−7,670$1,349,406→ 472,315 total(indirect: By Partnership) - Sale
Common Stock
[F1][F5]2026-03-06$175.02/sh−2,746$480,605→ 469,569 total(indirect: By Partnership) - Sale
Common Stock
[F1][F4][F5]2026-03-06$173.15/sh−2,557$442,737→ 467,012 total(indirect: By Partnership) - Sale
Common Stock
[F1][F2][F6]2026-03-06$175.93/sh−497$87,439→ 30,579 total(indirect: By Trust) - Sale
Common Stock
[F1][F6]2026-03-06$175.02/sh−178$31,154→ 30,401 total(indirect: By Trust) - Sale
Common Stock
[F1][F4][F6]2026-03-06$173.15/sh−165$28,569→ 30,236 total(indirect: By Trust) - Sale
Common Stock
[F1][F2][F6]2026-03-06$175.93/sh−497$87,439→ 30,579 total(indirect: By Trust) - Sale
Common Stock
[F1][F6]2026-03-06$175.02/sh−178$31,154→ 30,401 total(indirect: By Trust) - Sale
Common Stock
[F1][F4][F6]2026-03-06$173.15/sh−165$28,569→ 30,236 total(indirect: By Trust) - Sale
Common Stock
[F1][F2][F6]2026-03-06$175.93/sh−497$87,439→ 30,579 total(indirect: By Trust) - Sale
Common Stock
[F1][F6]2026-03-06$175.02/sh−178$31,154→ 30,401 total(indirect: By Trust) - Sale
Common Stock
[F1][F4][F6]2026-03-06$173.15/sh−165$28,569→ 30,236 total(indirect: By Trust) - Sale
Common Stock
[F1][F2][F6]2026-03-06$175.93/sh−497$87,439→ 30,579 total(indirect: By Trust) - Sale
Common Stock
[F1][F6]2026-03-06$175.02/sh−178$31,154→ 30,401 total(indirect: By Trust) - Sale
Common Stock
[F1][F4][F6]2026-03-06$173.15/sh−165$28,569→ 30,236 total(indirect: By Trust) - Sale
Common Stock
[F1][F2][F6]2026-03-06$175.93/sh−20,104$3,536,957→ 1,315,185 total(indirect: By Trust) - Sale
Common Stock
[F1][F6]2026-03-06$175.02/sh−7,198$1,259,794→ 1,307,987 total(indirect: By Trust) - Sale
Common Stock
[F1][F4][F6]2026-03-06$173.15/sh−6,703$1,160,604→ 1,301,284 total(indirect: By Trust)
Holdings
- 790,158(indirect: By Sutter Hill Ventures)
Common Stock
[F7] - 2,288(indirect: By LLC)
Common Stock
[F8] - 2,500(indirect: By Trust)
Common Stock
[F6] - 402(indirect: By Trust)
Common Stock
[F6]
Footnotes (8)
- [F1]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.
- [F2]The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $175.240 to $176.170, 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.
- [F3]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.
- [F4]The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $173.000 to $173.800, inclusive.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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.
Signature
/s/ Marie Reider, Attorney-in-Fact|2026-03-09