Speiser Michael L 4

What Happened
Michael L. Speiser, a director of Snowflake Inc. (SNOW), sold a total of 50,741 shares in multiple open‑market transactions on March 6, 2026, generating approximately $8,889,352 in gross proceeds. The trades were reported as sales (code S) and were effected under a pre‑arranged 10b5‑1 trading plan adopted December 27, 2024. Reported per‑lot prices in the filing include amounts around $173.15, $175.02 and $175.93; weighted‑average and range footnotes indicate transactions occurred roughly between $173.00 and $176.17.

Key Details

• Transaction date: March 6, 2026 (filed: March 9, 2026) — filing appears timely.
• Total shares sold: 50,741; total reported proceeds: ~$8.89 million.
• Reported prices: multiple lots with weighted averages; filing footnotes state trade price ranges ~ $173.00–$176.17 (see F2, F4).
• Shares owned after transaction: not specified in the provided summary of the Form 4.
• Notable footnotes: F1 — sales were under a 10b5‑1 plan (adopted 12/27/2024). F2/F4 — weighted‑average prices and price ranges disclosed. F3/F5/F6/F7/F8 — several holdings are reported as held via trusts/partnerships where the reporting person disclaims beneficial ownership except for pecuniary interest.

Context

• These were outright sales (S), which are typically routine dispositions when made under an established 10b5‑1 plan; the plan means trades were pre‑scheduled and not necessarily a contemporaneous signal about company prospects.
• No option exercises, gifts, or purchases were reported in this filing.
• For full details (exact per‑trade prices, remaining holdings, and the specific language of the 10b5‑1 plan or ownership disclaimers), consult the Form 4 filing (Accession 0001433644-26-000005).