Form 4: Snowflake Director Michael Speiser Executes Stock Sales Under 10b5-1 Plan

Michael Speiser, a director at Snowflake Inc., executed multiple sales of Class A Common Stock on April 4, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 4, 2025, Michael L. Speiser, a director of Snowflake Inc., sold shares of Class A Common Stock.
• The sales were executed under a 10b5-1 trading plan adopted on December 27, 2024.
• The transactions involved multiple sales at weighted-average prices ranging from $128.02 to $130.99 per share.
• Speiser sold shares directly and indirectly through trusts and a limited partnership.
• Following the reported transactions, Speiser continues to hold a significant number of shares both directly and indirectly.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by a company director. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions executed under a pre-arranged plan.

Industry Context

Sales by insiders are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares over a period of time while avoiding concerns about trading on non-public information. The market typically views these sales in the context of the overall trading plan and the insider's remaining holdings.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.
• The sales do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Snowflake, Stock Sale, Director, 10b5-1 Plan, Insider Trading, SEC Filing