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From time to time, we have been and will continue to be subject to legal proceedings and claims.
−Removed: We are not presently a party to any legal proceedings that, if determined adversely to us, would individually or taken together have a material adverse effect on our business, results of operations, financial condition, or cash flows.
+Added: We do not believe that we are presently a party to any legal proceedings that, if determined adversely to us, would individually or taken together have a material adverse effect on our business, results of operations, financial condition, or cash flows.
We have received, and may in the future continue to receive, claims from third parties asserting, among other things, infringement of their intellectual property rights.
−Removed: On February 29, 2024, a stockholder class action lawsuit was filed against us, our former Chief Executive Officer, and our Chief Financial Officer in the United States District Court in the Northern District of California, alleging violations under Sections 10(b) and 20(a) of the Exchange Act.
−Removed: The complaint seeks an unspecified amount of damages, attorneys’ fees, expert fees, and other costs.
−Removed: On October 28, 2024, an amended complaint was filed by the lead plaintiff.
−Removed: On December 23, 2024, we filed a motion to dismiss the amended complaint.
−Removed: On January 29, 2025, the lead plaintiff informed us that it would seek leave to file a second amended complaint rather than respond to the motion to dismiss.
−Removed: On February 7, 2025, the Court ordered the lead plaintiff to file a second amended complaint by April 7, 2025.
−Removed: We plan to file a motion to dismiss the second amended complaint on or before the responsive pleading deadline.
−Removed: In addition, since the filing of the class action lawsuit, four additional complaints containing securities derivative claims have been filed against us and certain of our directors and executive officers alleging similar violations.
−Removed: The derivative claims have been stayed pending resolution of the anticipated motion to dismiss the class action lawsuit.
+Added: On February 29, 2024, a stockholder class action lawsuit was filed against us, our former Chief Executive Officer, and our former Chief Financial Officer in the United States District Court for the Northern District of California, alleging violations under Sections 10(b) and 20(a) of the Exchange Act.
+Added: On April 7, 2025, the lead plaintiff filed a second amended complaint seeking an unspecified amount of damages, attorneys’ fees, expert fees, and other costs.
+Added: On February 17, 2026, the Court granted our motion to dismiss the second amended complaint, but granted the lead plaintiff leave to file a third amended complaint.
+Added: In addition, since the filing of the class action lawsuit, five additional complaints containing securities derivative claims have been filed in the Chancery Court of the State of Delaware, United States District Court for the District of Delaware, and United States District Court for the Northern District of California, respectively, against us and certain of our directors and executive officers alleging similar violations.
+Added: The derivative claims had been stayed pending resolution of the motion to dismiss the class action lawsuit and the parties have agreed to extend the stays through the resolution of the anticipated motion to dismiss the third amended complaint.
We and the other defendants intend to vigorously defend against the claims in these actions.
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On October 4, 2024, an order was issued by the United States Judicial Panel on Multidistrict Litigation combining the class actions filed in the United States into a multidistrict litigation in the District of Montana.
−Removed: On February 3, 2025, plaintiffs filed their representative complaint.
−Removed: On March 11, 2025, plaintiffs were granted up to and including March 21, 2025 to file an amended representative complaint to address pleading deficiencies identified by defendants.
−Removed: Defendants, including us, are required to respond, which response may include moving to dismiss or compel arbitration, within 35 days of the filing of any amended representative complaint.
−Removed: In addition to the multidistrict litigation, two class actions are pending in the United States District Court for the Central District of California and the Supreme Court of British Columbia, respectively.
+Added: On February 3, 2025, plaintiffs filed their representative complaint on behalf of the consumer plaintiffs.
+Added: On February 14, 2025, the Court created a separate financial institution track to represent the interests of certain financial institutions (FI Plaintiffs) and an FI Plaintiff representative complaint was subsequently filed.
+Added: On May 20, 2025, the plaintiffs filed an amended representative complaint on behalf of the consumer plaintiffs that asserted additional claims regarding the breach of a Snowflake customer account containing personally identifiable information from the Los Angeles Unified School District.
+Added: On October 28 and 29, 2025, the Court denied our motions to dismiss the claims of the consumer plaintiffs and FI Plaintiffs.
+Added: On December 19, 2025, we filed our answers to the complaints and the matter is currently in discovery.
+Added: In addition to the multidistrict litigation, a class action is pending in the Supreme Court of British Columbia.
We intend to vigorously defend against the claims in these actions.
+Added: On November 21, 2025, a class action lawsuit was filed against us in the United States District Court for the District of Montana alleging copyright infringement on behalf of a putative class of individuals and entities that own a United States copyright in any work that was allegedly copied, stored, or used without authorization to train our large language model.
+Added: The complaint seeks an award of statutory and other damages, attorneys’ fees, and all appropriate legal and equitable relief.
+Added: On January 22, 2026, we filed our answer to the complaint and the matter is currently in discovery.
+Added: We intend to vigorously defend against the claims in this action.
+Added: On February 24, 2026, a stockholder class action lawsuit was filed against us, our former Chief Executive Officer, and our former Chief Financial Officer in the United States District Court for the Northern District of California, alleging violations under Sections 10(b) and 20(a) of the Exchange Act.
+Added: The complaint seeks an unspecified amount of damages, attorneys’ fees, and other costs.
+Added: We and the other defendants intend to vigorously defend against the claims in this action.
Future litigation may be necessary to defend ourselves, our partners, and our customers by determining the scope, enforceability, and validity of third-party proprietary rights, or to establish our proprietary rights.
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MINE SAFETY DISCLOSURES
+Added: Not Applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.