=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-03-06
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Snowflake Inc. (SNOW)
CIK: 0001640147
--- Reporting Owner ---
Name: Speiser Michael L
CIK: 0001433644
Role: Director
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -238 | Price: $175.93
Total Value: $41,872.05
Shares Owned After: 23,480 | Ownership: D (Direct)
Footnotes:
[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.
[Transaction #2]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -85 | Price: $175.02
Total Value: $14,876.70
Shares Owned After: 23,395 | Ownership: D (Direct)
Footnotes:
[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.
[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.
[Transaction #3]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -80 | Price: $173.15
Total Value: $13,851.76
Shares Owned After: 23,315 | Ownership: D (Direct)
Footnotes:
[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.
[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.
[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.
[Transaction #4]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -7,670 | Price: $175.93
Total Value: $1,349,406.11
Shares Owned After: 472,315 | Ownership: I (Indirect) | Nature: By Ltd Partnership
Footnotes:
[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.
[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.
[Transaction #5]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -2,746 | Price: $175.02
Total Value: $480,604.92
Shares Owned After: 469,569 | Ownership: I (Indirect) | Nature: By Ltd Partnership
Footnotes:
[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.
[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.
[Transaction #6]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -2,557 | Price: $173.15
Total Value: $442,736.88
Shares Owned After: 467,012 | Ownership: I (Indirect) | Nature: By Ltd Partnership
Footnotes:
[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.
[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.
[Transaction #7]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -497 | Price: $175.93
Total Value: $87,438.70
Shares Owned After: 30,579 | Ownership: I (Indirect) | Nature: By Trust (AMS-21)
Footnotes:
[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.
[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.
[Transaction #8]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -178 | Price: $175.02
Total Value: $31,153.56
Shares Owned After: 30,401 | Ownership: I (Indirect) | Nature: By Trust (AMS-21)
Footnotes:
[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.
[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.
[Transaction #9]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -165 | Price: $173.15
Total Value: $28,569.26
Shares Owned After: 30,236 | Ownership: I (Indirect) | Nature: By Trust (AMS-21)
Footnotes:
[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.
[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.
[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.
[Transaction #10]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -497 | Price: $175.93
Total Value: $87,438.70
Shares Owned After: 30,579 | Ownership: I (Indirect) | Nature: By Trust (WWS-21)
Footnotes:
[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.
[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.
[Transaction #11]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -178 | Price: $175.02
Total Value: $31,153.56
Shares Owned After: 30,401 | Ownership: I (Indirect) | Nature: By Trust (WWS-21)
Footnotes:
[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.
[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.
[Transaction #12]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -165 | Price: $173.15
Total Value: $28,569.26
Shares Owned After: 30,236 | Ownership: I (Indirect) | Nature: By Trust (WWS-21)
Footnotes:
[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.
[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.
[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.
[Transaction #13]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -497 | Price: $175.93
Total Value: $87,438.70
Shares Owned After: 30,579 | Ownership: I (Indirect) | Nature: By Trust (LES-21)
Footnotes:
[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.
[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.
[Transaction #14]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -178 | Price: $175.02
Total Value: $31,153.56
Shares Owned After: 30,401 | Ownership: I (Indirect) | Nature: By Trust (LES-21)
Footnotes:
[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.
[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.
[Transaction #15]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -165 | Price: $173.15
Total Value: $28,569.26
Shares Owned After: 30,236 | Ownership: I (Indirect) | Nature: By Trust (LES-21)
Footnotes:
[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.
[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.
[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.
[Transaction #16]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -497 | Price: $175.93
Total Value: $87,438.70
Shares Owned After: 30,579 | Ownership: I (Indirect) | Nature: By Trust (ESS-21)
Footnotes:
[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.
[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.
[Transaction #17]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -178 | Price: $175.02
Total Value: $31,153.56
Shares Owned After: 30,401 | Ownership: I (Indirect) | Nature: By Trust (ESS-21)
Footnotes:
[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.
[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.
[Transaction #18]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -165 | Price: $173.15
Total Value: $28,569.26
Shares Owned After: 30,236 | Ownership: I (Indirect) | Nature: By Trust (ESS-21)
Footnotes:
[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.
[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.
[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.
[Transaction #19]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -20,104 | Price: $175.93
Total Value: $3,536,957.03
Shares Owned After: 1,315,185 | Ownership: I (Indirect) | Nature: By Trust (Rev Tr)
Footnotes:
[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.
[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.
[Transaction #20]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -7,198 | Price: $175.02
Total Value: $1,259,793.96
Shares Owned After: 1,307,987 | Ownership: I (Indirect) | Nature: By Trust (Rev Tr)
Footnotes:
[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.
[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.
[Transaction #21]
Security: Common Stock
Date: 2026-03-06 | Code: S (Open market sale)
Shares: -6,703 | Price: $173.15
Total Value: $1,160,604.34
Shares Owned After: 1,301,284 | Ownership: I (Indirect) | Nature: By Trust (Rev Tr)
Footnotes:
[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.
[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.
[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.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[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.
[Holding #2]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[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.
[Holding #3]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[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.
[Holding #4]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[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.
--- Footnotes (Complete Index) ---
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/ /s/ Marie Reider, Attorney-in-Fact (2026-03-09)
