Monitor subsequent Form 4 filings to confirm execution. Given the monthly repetition, this likely reflects a 10b5-1 plan and has no immediate price impact. No need to adjust positions based on this filing alone.
Price Chart
Executive Summary
Director Michael L Speiser filed Form 144 to sell up to 50,741 SNOW shares (~$7.2M), continuing a monthly selling pattern seen in Feb-Apr 2026. The sale is small relative to market cap and appears part of a routine pre-arranged plan, unlikely to signal material insider concern.
Key Facts
- Insider: Michael L Speiser (Director, affiliate)
- Shares to be sold: 50,741 common shares
- Estimated aggregate market value: ~$7,184,690
- Proposed sale date: 2026-05-01
- Speiser has sold the same number of shares on each of Feb 6, Mar 6, and Apr 6, 2026 (monthly pattern)
- Market cap: ~$47.2B; sale represents ~0.015% of market cap
Financial Impact
~$7.2M in proposed sales, immaterial relative to $47.2B market cap
Risk Factors
- Potential negative signal if pattern deviates (e.g., larger or accelerated sales)
- Insider sales in aggregate could accumulate over time
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001973251-26-000015 |
| Document: 0001973251-26-000015-index.html | 0001973251-26-000015 |
| Document: 0001973251-26-000015.txt | 0001973251-26-000015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | 144 | $331.02 $334.81 | ▼ −1.14% | ▲ +0.68% | $339.42 (−2.54%) |
Sep 11, 2026 21d ago | Insider Cluster | $328.99 $332.43 | ▲ +1.05% | ▲ +1.27% | $339.42 (+3.17%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $339.42 (+2.94%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $339.42 (+2.94%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $339.42 (+2.94%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▲ +1.43% | ▲ +0.22% | $339.42 (−0.66%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $339.42 (+0.66%) |
Sep 3, 2026 28d ago | Insider Cluster | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $339.42 (+0.66%) |
Sep 2, 2026 29d ago | 8-K | $356.47 $328.99 | ▼ −7.71% | ▼ −6.56% | $339.42 (−4.78%) |
Aug 28, 2026 4w ago | Insider Cluster | $331.43 $335.50 | ▲ +1.23% | ▲ +1.37% | $339.42 (+2.41%) |
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