The sale appears to be part of a pre-planned estate or wealth diversification strategy involving legacy holdings. Given the affiliate status and lack of executive role, this is not a strong signal of operational sentiment. Traders should monitor for actual execution via Form 4 filings but are unlikely to see material price impact unless sales occur rapidly near catalysts.
Price Chart
Executive Summary
Michael L. Speiser, an affiliate of Snowflake, filed a Form 144 to report the intended sale of up to 50,741 shares worth approximately $11.26 million as of January 2, 2026, and an additional 50,741 shares worth approximately $8.38 million as of February 6, 2026. The filing is an advance notice of potential sales of previously acquired private placement shares. This represents a routine, planned disposition rather than an opportunistic exit.
Key Facts
- Reporting owner: Michael L. Speiser, affiliate of Snowflake Inc.
- Total shares reported for sale: 50,741 shares (two separate Form 144 filings with same share count but different valuation dates)
- Valuation: $11.26 million as of January 2, 2026 ($221.90/share), and $8.38 million as of February 6, 2026 ($165.20/share)
- Shares originated from private placements between 2013 and 2016
- Sales were executed through Stifel Nicolaus
- Sales were conducted via trusts, an IRA, and a limited partnership linked to Speiser
Financial Impact
Approximately $11.26 million at filing valuation, representing less than 0.02% of Snowflake's $52.5B market cap
Risk Factors
- Potential for near-term share price pressure if the full amount is sold quickly
- Perception of insider pessimism if sales coincide with weak earnings or market downturn
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001973251-26-000011 |
| Document: 0001973251-26-000011-index.html | 0001973251-26-000011 |
| Document: 0001973251-26-000011.txt | 0001973251-26-000011 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 15d ago | 144 | $331.02 $334.81 | ▼ −1.14% | ▲ +0.68% | $341.99 (−3.31%) |
Sep 11, 2026 21d ago | Insider Cluster | $328.99 $332.43 | ▲ +1.05% | ▲ +1.27% | $341.99 (+3.95%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▲ +1.43% | ▲ +0.22% | $341.99 (−1.43%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $341.99 (+1.43%) |
Sep 3, 2026 28d ago | Insider Cluster | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $341.99 (+1.43%) |
Sep 2, 2026 29d ago | 8-K | $356.47 $328.99 | ▼ −7.71% | ▼ −6.56% | $341.99 (−4.06%) |
Aug 28, 2026 4w ago | Insider Cluster | $331.43 $335.50 | ▲ +1.23% | ▲ +1.37% | $341.99 (+3.19%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access