Form 4: Snowflake Director Michael Speiser Sells Shares Under 10b5-1 Trading Plan

Director Michael Speiser of Snowflake Inc. executed sales of Class A Common Stock on May 2, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 2, 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 a weighted-average price of $168.007 per share.
• Speiser sold 403 shares directly, and also disposed of shares held indirectly through trusts and a limited partnership.
• The total number of shares sold directly was 14,936.
• After the reported transactions, Speiser directly owns 25,972 shares and indirectly owns 1,749,205 shares through various entities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a company director. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Sales by company insiders are common and often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
• The sales do not appear to have any impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Snowflake, SNOW, Michael Speiser, Form 4, Stock Sale, 10b5-1 Trading Plan, Director, Class A Common Stock, Securities Exchange Act