4Filing Date: Oct 2, 2026

Snowflake 4: Director sells $17.5M shares (Oct 2, 2026)

Statement of Changes in Beneficial Ownership

View SEC Filing
ACC: 0001433644-26-000017
Total Value$16.59M
Trades5
Insiders1

Transaction Details

Speiser Michael L
Director·Direct
Sell · Dispose
Common Stock
Shares-403
Price$344.00
Total Value$138.6K
Shares Owned After21.77K
Transaction DateOct 2, 2026
10b5-1
Footnotes ▸

Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. | 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.

Speiser Michael L
Director·Indirect · By Trust (AMS-21)
Sell · Dispose
Common Stock
Shares-840
Price$344.00
Total Value$289.0K
Shares Owned After24.36K
Transaction DateOct 2, 2026
10b5-1
Footnotes ▸

Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. | 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.

Speiser Michael L
Director·Indirect · By Trust (Rev Tr)
Sell · Dispose
Common Stock
Shares-34.01K
Price$344.00
Total Value$11.70M
Shares Owned After1.14M
Transaction DateOct 2, 2026
10b5-1
Footnotes ▸

Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. | 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.

Speiser Michael L
Director·Indirect · By Ltd Partnership
Sell · Dispose
Common Stock
Shares-12.97K
Price$344.00
Total Value$4.46M
Shares Owned After376.20K
Transaction DateOct 2, 2026
10b5-1
Footnotes ▸

Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. | 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.

Speiser Michael L
Director·Indirect · By SHM Investments, LLC
Common Stock
Shares0
Price-
Total Value$0
Shares Owned After2.29K
10b5-1Holding Only
Footnotes ▸

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.

Post-Transaction Holdings

Speiser Michael L · Director
SecuritySharesChange
Common Stock46.12K-48.22K (-51.11%)
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Deep Analysis

Snowflake director Michael L. Speiser sold 50,741 shares for $17.45M at $344.00 across five holdings under a Dec. 27, 2024 Rule 10b5-1 plan — a pure sale with no option exercise and no open-market buy.

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Original SEC Filing Textexpand_more
=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-10-02 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: 2026-10-02 | Code: S (Open market sale) Shares: -403 | Price: $344.00 Total Value: $138,632.00 Shares Owned After: 21,767 | Ownership: D (Direct) Footnotes: [F1] Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. [F2] 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: 2026-10-02 | Code: S (Open market sale) Shares: -12,973 | Price: $344.00 Total Value: $4,462,712.00 Shares Owned After: 376,201 | Ownership: I (Indirect) | Nature: By Ltd Partnership Footnotes: [F1] Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. [F3] 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 #3] Security: Common Stock Date: 2026-10-02 | Code: S (Open market sale) Shares: -840 | Price: $344.00 Total Value: $288,960.00 Shares Owned After: 24,356 | Ownership: I (Indirect) | Nature: By Trust (AMS-21) Footnotes: [F1] Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. [F4] 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 #4] Security: Common Stock Date: 2026-10-02 | Code: S (Open market sale) Shares: -840 | Price: $344.00 Total Value: $288,960.00 Shares Owned After: 24,356 | Ownership: I (Indirect) | Nature: By Trust (WWS-21) Footnotes: [F1] Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. [F4] 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 #5] Security: Common Stock Date: 2026-10-02 | Code: S (Open market sale) Shares: -840 | Price: $344.00 Total Value: $288,960.00 Shares Owned After: 24,356 | Ownership: I (Indirect) | Nature: By Trust (LES-21) Footnotes: [F1] Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. [F4] 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 #6] Security: Common Stock Date: 2026-10-02 | Code: S (Open market sale) Shares: -840 | Price: $344.00 Total Value: $288,960.00 Shares Owned After: 24,356 | Ownership: I (Indirect) | Nature: By Trust (ESS-21) Footnotes: [F1] Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. [F4] 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 #7] Security: Common Stock Date: 2026-10-02 | Code: S (Open market sale) Shares: -34,005 | Price: $344.00 Total Value: $11,697,720.00 Shares Owned After: 1,137,741 | Ownership: I (Indirect) | Nature: By Trust (Rev Tr) Footnotes: [F1] Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. [F4] 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: [F5] 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 #2] Security: Common Stock Ownership: I (Indirect) Footnotes: [F6] Shares held by Sutter Hill Management Company, L.L.C. ("SHM"). The Reporting Person is a managing member of SHM. The Reporting Person disclaims beneficial ownership of these shares except as to the Reporting Person's pecuniary interest therein. [Holding #3] Security: Common Stock Ownership: I (Indirect) Footnotes: [F4] 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: [F4] 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: Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 27, 2024. F2: 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. F3: 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. F4: 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. F5: 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. F6: Shares held by Sutter Hill Management Company, L.L.C. ("SHM"). The Reporting Person is a managing member of SHM. The Reporting Person disclaims beneficial ownership of these shares except as to the Reporting Person's pecuniary interest therein. --- Signature --- /s/ /s/ Marie Reider, Attorney-in-Fact (2026-10-02)

keid analysis is for reference only and does not constitute investment advice.