SNOW Snowflake Inc.
Price Chart
Executive Summary
Snowflake co-founder and board member Michael Speiser filed a Form 144 notice of intent to sell 50,741 shares of common stock, with an approximate market value of $12.4 million based on the filing date. The shares were acquired through private placements and a venture fund distribution between 2012 and 2016. This is a routine insider sale by a co-founder who has been selling shares periodically, and the filing itself is merely an advance notice of intent to sell.
Actionable Insight
This is a routine Form 144 filing by a co-founder who has been selling similar-sized blocks on a regular schedule. The sale represents a small fraction of market cap and is not unusual for a pre-IPO insider. No material read-through for the stock — monitor for any acceleration in selling pattern or unexpected large filings.
Key Facts
- Michael Speiser (co-founder, board member) filed Form 144 to sell 50,741 shares of Snowflake common stock
- Estimated sale value: approximately $12.4 million based on filing date market price
- Shares acquired via private placements and venture fund distribution from 2012-2016
- Of the total, 37,365 shares were sold by trusts where Speiser is trustee, 403 from his IRA, and 12,973 from a limited partnership
- Filing date: June 5, 2026; prior sales noted on April 6, 2026 (50,741 shares) and May 1, 2026 (50,741 shares)
Financial Impact
Approximately $12.4 million in planned insider sales, representing about 0.015% of Snowflake's $84.6B market cap
Risk Factors
- Insider selling by co-founders can signal reduced conviction, though this appears to be a routine diversification sale
- If Speiser accelerates selling frequency or volume beyond the current pattern, it could indicate a negative view
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001973251-26-000022 |
| Document: 0001973251-26-000022-index.html | 0001973251-26-000022 |
| Document: 0001973251-26-000022.txt | 0001973251-26-000022 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
1d ago
|
144
| $236.24 awaiting T+5 | awaiting T+5 | — | $238.26 (+0.86%) |
|
Jun 3, 2026
2d ago
|
Insider Cluster
| — | awaiting T+5 | — | — |
|
Jun 1, 2026
4d ago
|
Insider Cluster
| — | awaiting T+5 | — | — |
|
Jun 1, 2026
5d ago
|
144
| — | awaiting T+5 | — | — |
|
May 31, 2026
6d ago
|
ANALYST-UPGRADE
| $223.65 $207.72 | ▼ −7.12% | ▼ −7.50% | $238.26 (+6.53%) |
|
May 30, 2026
7d ago
|
Insider Cluster
| — | awaiting T+5 | — | — |
|
May 29, 2026
8d ago
|
144
| — | awaiting T+5 | — | — |
|
May 29, 2026
8d ago
|
144
| — | awaiting T+5 | — | — |
|
May 29, 2026
8d ago
|
ANALYST-UPGRADE
| $254.43 $241.28 | ▼ −5.17% | ▼ −4.87% | $238.26 (−6.35%) |
|
May 28, 2026
9d ago
|
144
| — | awaiting T+5 | — | — |
US Market Status
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