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SEC EDGARSEP 91 min read$SNOW

Speiser Michael L sold $143K of SNOW

Speiser Michael L sold 403 shares of Snowflake Inc. (SNOW) at $353.87 ($0.14M total) on 2026-09-04 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Speiser Michael L
Published Sep 9, 2026, 9:48 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 9, 2026, 9:57 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefInsider activity
Primary signal
$SNOW
Bearish
medium confidence
Mentioned
$SNOW
Relevance
3/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$SNOWBearishLow
01

Why it matters

The director's sale adds a small negative data point for Snowflake.

02

Market read

Insider sale may slightly weigh on Snowflake's stock but is unlikely to drive major moves.

03

What to watch

Director may be diversifying portfolio; no immediate earnings or guidance change.

Relevance 3/10Novelty 4/10Timing: post‑market filing

Background

SEC Form 4 filing discloses insider transactions.

Company-level read

Ticker impact

$SNOWBearishMedium confidence
Context

Director Michael Speiser sold 403 Snowflake shares for $142,610 via a 10b5-1 plan.

Expected impact

Potential short-term pressure on SNOW price.

Evidence & confidence

The sale size is modest but involves a director; market may view it as a slight negative cue.

Market effects

Sector

Minimal impact on cloud‑software sector.

Regional

No regional effect.

Global

Limited to Snowflake investors.

Counterpoint

What could challenge this read

The sale could be routine under a 10b5‑1 plan, not a confidence signal.

Key entities

  • Company
    Snowflake Inc.

    Cloud data‑warehousing provider.

  • Individual
    Michael L. Speiser

    Director of Snowflake.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

SNOW insider trading history →

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