Snowflake director Speiser sells $8.38 million in shares
#Snowflake Inc. #Michael Speiser #SEC filing #Insider trading #Cloud computing #Stock market #Venture capital
📌 Key Takeaways
- Snowflake director Michael Speiser sold shares worth approximately $8.38 million.
- The transaction was officially disclosed in a filing with the SEC on February 11, 2025.
- Speiser remains an influential stakeholder and board member despite the recent sale.
- The sale occurs amidst a broader period of market volatility for cloud and SaaS-focused technology companies.
📖 Full Retelling
🐦 Character Reactions (Tweets)
Tech InsiderMichael Speiser just sold $8.38M in Snowflake shares. Guess he's diversifying his portfolio... or maybe he's just really good at predicting the weather. #Snowflake #TechNews
Wall Street WhispererSpeiser's $8.38M Snowflake sale has the market buzzing. Either he's got a hot tip or he's just really into tax season. #Investing #Snowflake
Cloud GuruMichael Speiser cashes out $8.38M from Snowflake. Must be time to upgrade his cloud storage... to a private island. #CloudComputing #Snowflake
SaaS SnoopSpeiser's $8.38M Snowflake sale has everyone wondering: Is he bailing or just rebalancing? Either way, his portfolio is looking flakier than ever. #SaaS #Snowflake
💬 Character Dialogue
🏷️ Themes
Finance, Technology, Corporate Governance
📚 Related People & Topics
Insider trading
Trading using nonpublic information
# Insider Trading **Insider trading** is the trading of a public company's stock or other securities (such as bonds or stock options) based on **material, nonpublic information** about the company. While the practice is common, its legality is subject to complex regulations that vary significantly ...
SEC filing
Type of financial statements in the United States
# SEC Filing An **SEC filing** is a formal financial statement or regulatory document submitted to the **U.S. Securities and Exchange Commission (SEC)**. These filings are mandatory requirements designed to ensure transparency, providing a standardized method for disclosing material information to ...
Stock market
Place where stocks are traded
# Stock Market A **stock market**, also referred to as an **equity market** or **share market**, is the complex aggregation of buyers and sellers of stocks (shares). These financial instruments represent ownership claims on businesses and serve as a primary vehicle for capital allocation and corpor...
Cloud computing
Form of shared internet-based computing
Cloud computing is defined by the ISO as "a paradigm for enabling network access to a scalable and elastic pool of shareable physical or virtual resources with self-service provisioning and administration on demand". It is commonly referred to as "the cloud".
🔗 Entity Intersection Graph
Connections for Insider trading:
- 🌐 SEC filing (30 shared articles)
- 🌐 Stock market (5 shared articles)
- 🌐 Security (finance) (3 shared articles)
- 🌐 Executive compensation (2 shared articles)
- 🌐 Securities Act of 1933 (2 shared articles)
- 🏢 East West Bancorp (2 shared articles)
- 🏢 WaFd Bank (1 shared articles)
- 🏢 CoreWeave (1 shared articles)
- 🌐 Cloud computing (1 shared articles)
- 🏢 Vita Coco (1 shared articles)
- 👤 John Schmitz (1 shared articles)
- 🌐 WTTR (1 shared articles)
📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry As Claude disrupts stock market, Anthropic researcher warns ’world is in peril’ Gold, silver prices rise amid U.S.-Iran tensions, blowout January payrolls data Dow halts three-day win streak as blowout jobs data curbs rate cut bets Citi pushes back Fed rate cuts to May after blowout January jobs report (South Africa Philippines Nigeria) Snowflake director Speiser sells $8.38 million in shares Insider Trading Published 02/06/2026, 10:10 PM Snowflake director Speiser sells $8.38 million in shares 0 SNOW -2.05% Director Michael L. Speiser of Snowflake Inc. (NYSE:SNOW) sold 50,387 shares of common stock on February 6, 2026, for a total of $8.38 million. The sales were executed at prices ranging from $165.04 to $165.645. The sales were executed in multiple transactions. 121 shares were sold at a weighted average price of $165.645, 282 shares were sold at a weighted average price of $165.04, 3,936 shares were sold at a weighted average price of $165.645, 9,037 shares were sold at a weighted average price of $165.04, 255 shares were sold at a weighted average price of $165.645, 585 shares were sold at a weighted average price of $165.04, 255 shares were sold at a weighted average price of $165.645, 585 shares were sold at a weighted average price of $165.04, 255 shares were sold at a weighted average price of $165.645, 585 shares were sold at a weighted average price of $165.04, 10,317 shares were sold at a weighted average price of $165.645 and 23,688 shares were sold at a weighted average price of $165.04. Following the transactions, Speiser directly owns 24,000 shares and indirectly owns 1,891,166 shares through a limited partnership, trusts, Sutter Hill Ventures and SHM Investments, LLC. The sales were conducted under a pre-arranged 10b5-1 trading plan adopted on December 27, 2024. In other recent news, Snowflake Inc. has announced a $200 million partnership with OpenAI to integrate OpenAI’s models directly into...