Director Michael L. Speiser of Snowflake Inc. filed a statement of changes in beneficial ownership with the SEC on November 10, 2026, reporting five separate sales of common stock totaling 840 shares on November 6, 2026, all executed through a trust under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Michael L. Speiser, identified as a Director of Snowflake Inc. (NYSE:SNOW)
  • Total shares sold: 840 shares of common stock disposed of across five transactions on November 6, 2026
  • Price range: Weighted-average sale prices ranged from $272.0028 to $279.9773 per share across the five tranches
  • Post-sale indirect holding via trust: 23,516 shares remained in Trust (WWS-21) following the final reported transaction
  • Trading plan: All sales were executed pursuant to a Rule 10b5-1 plan adopted by Speiser on December 27, 2024
  • Additional indirect holdings: Speiser also holds shares through SHM Investments, LLC (2,288 shares), Sutter Hill Management Company, L.L.C. (2,463 shares), Trust (SCT) (2,500 shares), and Trust (SRT) (402 shares)
  • Beneficial ownership disclaimer: Speiser disclaims beneficial ownership of trust and entity shares except as to his pecuniary interest therein

Speiser's Five-Tranche Sale of Snowflake Common Stock on November 6, 2026

According to the filing, all five sales were made indirectly through Trust (WWS-21), of which Speiser is identified as a Trustee. The transactions were carried out under a Rule 10b5-1 trading plan that the reporting person adopted on December 27, 2024. Snowflake Inc. is a cloud data platform company whose common stock trades on the New York Stock Exchange under the symbol SNOW.

The five tranches consisted of 121 shares at a weighted-average price of $279.9773, 94 shares at $279.5011, 202 shares at $278.0049, 205 shares at $274.0101, and 218 shares at $272.0028, the filing disclosed. Each price listed is a weighted average, and the filing states that Speiser will provide full details of individual transaction prices within each range upon request to the issuer, any security holder, or SEC staff.

Beyond the Trust (WWS-21) position, the filing reports that Speiser holds shares indirectly through several other vehicles. SHM Investments, LLC, of which Speiser is a managing member, holds 2,288 shares. Sutter Hill Management Company, L.L.C., where Speiser is also a managing member, holds 2,463 shares. Two additional trusts, identified as Trust (SCT) and Trust (SRT), hold 2,500 and 402 shares, respectively. The filing notes this is the second of two ownership-change reports covering transactions on November 6, 2026.

What Was Disclosed

Snowflake Inc. Director Michael L. Speiser reported the sale of 840 shares of common stock on November 6, 2026, executed in five tranches through Trust (WWS-21) under a Rule 10b5-1 plan. Remaining beneficial holdings span multiple trusts and affiliated entities.