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EdgarHawk

Michael L Speiser

Director

Director

Latest: Director selling · April 2026

15 filings analyzed · 1 company · Latest 2026-06-08

Companies

Company Buys Sells Direction
Snowflake Inc. SNOW 0 233 Net selling

Activity

June 2026
2026-06-08 Snowflake Inc. SNOW
medium
Sell
50,741 shares
$12,441,998
Significance 5/10

Director Michael L Speiser sold 50,741 shares of SNOW for $12.4M at $245.21 via 7 transactions under pre-arranged 10b5-1 plan

Michael L Speiser (Director) executed 7 separate sales totaling 50,741 shares for $12,441,997.65, reducing his holdings from 78,457 to 27,716 shares (a -64.7% reduction in post-transaction holdings). The transaction occurred at $245.21, above the current price of $240.45 and within the 52-week range of $118.30–$284.99. Critically, this filing is flagged as part of a pre-arranged 10b5-1 trading plan adopted on 2024-12-27, indicating the sales were scheduled and not discretionary. Across his prior 5 trades at SNOW, Speiser's sells have been followed by negative 30-day returns (-5.7%) but positive 90-day returns (+60.8%), while his cross-ticker track record shows an average 90-day return of +47.1% after 20 prior sells. The underlying company remains unprofitable (negative net income of $-293,957,000.00 in the latest quarter), though revenue growth stands at +29.2% year-over-year. The scheduled nature of this divestiture constrains what can be inferred about insider conviction or timing.

May 2026
2026-05-04 Snowflake Inc. SNOW
medium
Sell
50,741 shares
$7,184,690
Significance 4/10

Director Speiser sold 50,741 shares for $7,184,690.51 via scheduled 10b5-1 plan; retains 28,556 shares post-transaction.

Michael L Speiser, a Director at Snowflake Inc., executed 21 separate sales totaling 50,741 shares on 2026-05-01 for $7,184,690.51 at a blended average price of $141.60. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2024-12-27, meaning it is scheduled and non-discretionary. The sale reduced his holdings by -64.0% versus pre-transaction levels, from 79,297 shares to 28,556 shares. On his same-ticker history at SNOW, all 5 prior sells executed on 2026-04-06 showed 30-day returns of -5.7% and 90-day returns of +60.8%, indicating his prior sales at this security preceded stock gains. The current price of $232.78 is -18.3% from the 52-week high of $284.99 but up 52.8% over the past 30 days from the transaction date.

April 2026
2026-04-06 Snowflake Inc. SNOW
high
Sell
50,741 shares
$7,520,070
Significance 7/10

Director Speiser sells 50,741 shares for $7.5M as SNOW falls 36.3% in 90 days and remains unprofitable

Michael L Speiser, a director at Snowflake, executed 7 separate sales totaling 50,741 shares for $7,520,069.92 at $148.20 per share on 2026-04-06, reducing his holdings by 3.8% to 1,267,279 shares. The timing is noteworthy: the stock is currently at $149.38, down 46.1% from its 52-week high of $277.14, and has declined 36.3% over the prior 90 days. The company remains unprofitable with a net loss of $293,957,000.00 in its latest quarter despite $1,212,909,000.00 in quarterly revenue and 29.2% annual revenue growth. Speiser's prior trades at SNOW show consistent sell execution in early March with 30-day losses ranging from 12.3% to 13.7%, though 90-day outcomes are not yet measurable. The scale of this liquidation—over $7.5M across multiple tranches—alongside the stock's sharp recent decline and the company's persistent unprofitability creates a notable data point for investors monitoring director confidence.

March 2026
2026-03-09 Snowflake Inc. SNOW
medium
Sell
50,741 shares
$8,889,350
Significance 6/10

Director Speiser sold 50,741 shares (50.7K) for $8,889,349.83 ($8.9M) across 21 transactions at blended $175.19

Michael L Speiser, a Director at Snowflake, executed 21 separate sales on 2026-03-06 totaling 50,741 shares for $8,889,349.83 ($8.9M) at prices ranging from $173.15 to $175.93, reducing his holdings by 3.8% from 1,352,025 shares (1.35M) to 1,301,284 shares (1.30M). The transaction occurred while the stock trades at $182.84, representing a 4.4% gain from the blended sale price of $175.19, and the stock is -34.0% from its 52-week high of $277.14. Snowflake remains unprofitable with net income of $-293,957,000.00 ($-294.0M) in its most recent full fiscal year, though the company posted annual revenue growth of +29.2%. The timing and scale of this multi-part divestiture warrant monitoring against the company's path to profitability and any forward guidance.

February 2026
2026-02-06 Snowflake Inc. SNOW
high
Sell
50,741 shares
$8,383,608
Significance 6/10

Director Speiser sold 50,741 SNOW shares (50.7K) for $8.4M on 2026-02-06; stock down 27.9% (30d), -39.2% from 52-week high.

Director Michael L. Speiser executed 14 separate sales totaling 50,741 shares for $8,383,608.04 at blended price $165.22, reducing holdings by 3.7% to 1,335,289 shares post-transaction. The sales occurred against a deteriorating stock backdrop: SNOW has declined 27.9% over 30 days and 35.9% over 90 days, trading at $168.43 (39.2% below its 52-week high of $277.14). Most recently, Speiser executed five prior sales at SNOW on 2026-01-02, all showing negative 30-day returns ranging from -12.7% to -12.9%, suggesting a pattern of selling into weakness. The company remains unprofitable (net income $-293,957,000.00 for the latest full fiscal year) while generating $1,212,909,000.00 quarterly revenue with 29.2% annual growth, presenting a growth story challenged by near-term profitability headwinds. The scale and proximity of these sales to prior January transactions, combined with persistent stock weakness, underscores active liquidation activity during an unfavorable price environment.

January 2026
2026-01-05 Snowflake Inc. SNOW
medium
Sell
50,741 shares
$11,221,993
Significance 6/10

Director Speiser sells 50,741 shares ($11.2M) in 14 transactions on 2026-01-02, reducing stake 61.4%

Michael L Speiser, a Director at Snowflake, executed 14 separate sales totaling 50,741 shares for $11,221,993.46 on 2026-01-02, reducing his holdings from 82,657 to 31,916 shares (-61.4% vs pre-transaction holdings). The sales occurred at prices ranging from $220.64 to $221.26 (blended average $221.16), which is below the current price of $224.36. Speiser's prior sells at Snowflake (5 trades on 2025-12-05) all showed negative 30-day returns ranging from -5.8% to -7.0%, though no 90-day outcomes are yet measurable. The company remains unprofitable on a full-year basis despite 29.2% annual revenue growth, and the stock is currently -19.0% from its 52-week high. The large scale of this multi-tranche liquidation and the recent pattern of repeated sales warrant investor attention to what may be material capital allocation priorities for this director.

December 2025
2025-12-08 Snowflake Inc. SNOW
high
Sell
50,741 shares
$11,703,634
Significance 7/10

Snowflake director Michael L Speiser sold 50,741 shares for $11,703,634.10 on 2025-12-05, reducing holdings 60.8%

Michael L Speiser, a Snowflake director, executed 28 separate sales totaling 50,741 shares for $11,703,634.10 on 2025-12-05 at prices ranging from $230.13 to $233.07, reducing his holdings from 83,497 shares to 32,756 shares (a -60.8% reduction). The transaction occurred at prices above the current market price of $225.31, though this blended average of $230.65 sits below the 52-week high of $277.14 and well above the 52-week low of $130.53. His prior five trades at Snowflake (all in November 2025) have shown negative 30-day returns ranging from -11.0% to -12.5%, and his broader cross-ticker track record of 20 prior sells averaged a -3.5% 30-day return, suggesting a pattern of sales followed by continued or near-term price pressure. The company itself remains unprofitable (net income of -$293,957,000.00 for the latest quarter) despite strong annual revenue growth of +29.2%, which may provide context for the magnitude and specificity of this liquidation event.

November 2025
2025-11-10 Snowflake Inc. SNOW
high
Sell
50,741 shares
$13,055,811
Significance 7/10

Snowflake director Speiser sold 50,741 shares ($13.1M) in 14 separate transactions on 2025-11-07, reducing holdings by 60.2%.

Michael L Speiser, a director at Snowflake, executed 14 separate sales totaling 50,741 shares for $13,055,810.98 on November 7, 2025, at prices between $257.00 and $261.49, reducing his stake from 84,337 shares to 33,596 shares. This represents a 60.2% reduction in his pre-transaction holdings. The transaction volume and multi-tranche execution pattern stand out against Snowflake's strong recent momentum: the stock is up 10.9% over 30 days and 39.1% over 90 days, currently trading at $268.51, just 3.1% below its 52-week high of $277.14. Speiser's 5 prior trades at SNOW (all sells on 2025-10-03) showed 30-day returns ranging from 14.8% to 16.5%, indicating post-sale appreciation in recent activity, though the company remains unprofitable with a net income of $-298,017,000.00 on revenue of $1,144,969,000.00 in the latest quarter. The scale of this liquidation during a period of strong stock appreciation and positive near-term momentum warrants investor attention to underlying motivations.

October 2025
2025-10-06 Snowflake Inc. SNOW
high
Sell
47,765 shares
$11,287,576
Significance 6/10

Director Speiser sells 47,765 SNOW shares (57.8% of holdings) across 30 transactions for $11,287,576.33 on 2025-10-03

Michael L Speiser, a Snowflake director, executed 30 separate sales on 2025-10-03 totaling 47,765 shares for $11,287,576.33, reducing his holdings by 57.8% from 82,657 to 34,892 shares. The sales occurred at prices ranging from $234.38 to $241.49, with a blended average of $236.31, while the current stock price stands at $242.52 near its 52-week high of $242.52. His prior five trades at Snowflake (all on 2025-09-05) showed modest 30-day positive returns (+4.5% to +5.1%), though 90-day outcomes remain unmeasurable for those trades. The company remains unprofitable (net income $-298.0M in the latest quarter) despite strong revenue growth of 29.2% year-over-year and a $82.2B market cap. This large, multi-tranche reduction of a significant portion of his stake warrants attention in the context of the company's continued losses and stock proximity to its 52-week high.

September 2025
2025-09-08 Snowflake Inc. SNOW
high
Sell
50,741 shares
$11,408,892
Significance 6/10

Director Michael L Speiser sold 50,741 shares of SNOW for $11.4M, reducing holdings by 59.0%, after prior sales on 2025-08-01 showing +14.1% to +14.4% 30-day returns.

Director Michael L Speiser executed 21 separate sales totaling 50,741 shares for $11,408,892.31 on 2025-09-05 at blended average price $224.85, reducing his holding from 86,017 shares to 35,276 shares (59.0% reduction). This substantial disposition follows a cluster of five prior sales at SNOW on 2025-08-01, all of which posted positive 30-day returns ranging from +14.1% to +14.4%. The stock is trading at $226.52 today, above the sale prices ($223.65–$225.04) and near the 52-week high of $241.00. Despite the strong short-term post-sale performance on his August trades and positive cross-ticker track record (20 prior sells, avg 30d return +8.5%), the timing of this large reduction on a stock with current positive momentum and strong quarterly revenue ($1,144,969,000.00) requires evaluation against any scheduled trading plan or material non-public information considerations.

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