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.