Form 4: Snowflake Director Sells Shares
Insider Transaction (Form 4)
Michael L Speiser, a Director of Snowflake Inc., sold 50,741 shares of common stock on September 4, 2026 for $353.87 per share.
Summary
- Open-market sale: disposed of 403 Common Stock at $353.87 ($142,610) on September 4, 2026; holds 22,170 after (Direct).
- Open-market sale: disposed of 12,973 Common Stock at $353.87 ($4,590,768) on September 4, 2026; holds 389,174 after (Indirect).
- Open-market sale: disposed of 840 Common Stock at $353.87 ($297,252) on September 4, 2026; holds 25,196 after (Indirect).
- Open-market sale: disposed of 840 Common Stock at $353.87 ($297,252) on September 4, 2026; holds 25,196 after (Indirect).
- Open-market sale: disposed of 840 Common Stock at $353.87 ($297,252) on September 4, 2026; holds 25,196 after (Indirect).
- Open-market sale: disposed of 840 Common Stock at $353.87 ($297,252) on September 4, 2026; holds 25,196 after (Indirect).
- Open-market sale: disposed of 34,005 Common Stock at $353.87 ($12,033,383) on September 4, 2026; holds 1,171,746 after (Indirect).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $17,955,768 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Michael L Speiser — Director
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-04 | Open-market sale | Common Stock | 403 | $354 | $142.6K | 22,170 |
| 2026-09-04 | Open-market sale | Common Stock | 12,973 | $354 | $4.6M | 389,174 |
| 2026-09-04 | Open-market sale | Common Stock | 840 | $354 | $297.3K | 25,196 |
| 2026-09-04 | Open-market sale | Common Stock | 840 | $354 | $297.3K | 25,196 |
| 2026-09-04 | Open-market sale | Common Stock | 840 | $354 | $297.3K | 25,196 |
| 2026-09-04 | Open-market sale | Common Stock | 840 | $354 | $297.3K | 25,196 |
| 2026-09-04 | Open-market sale | Common Stock | 34,005 | $354 | $12.0M | 1,171,746 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-04 | Open-market sale (403 shares) |
| 2026-09-04 | Open-market sale (12,973 shares) |
| 2026-09-04 | Open-market sale (840 shares) |
| 2026-09-04 | Open-market sale (840 shares) |
| 2026-09-04 | Open-market sale (840 shares) |
| 2026-09-04 | Open-market sale (840 shares) |
| 2026-09-04 | Open-market sale (34,005 shares) |
Keywords
insider transaction, Form 4, SNOW, Snowflake Inc., bearish, Michael L Speiser
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