Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock, par value $0.0001 per share, is listed on the New York Stock Exchange, under the symbol “SNOW”.
Holders of Record
As of March 6, 2026, there were 220 stockholders of record of our common stock. The actual number of holders of our common stock is greater than the number of record holders and includes stockholders who are beneficial owners, but whose shares are held in street name by brokers or other nominees. The number of holders of record presented here also does not include stockholders whose shares may be held in trust by other entities.
Dividend Policy
We have never declared or paid cash dividends on our capital stock. We currently intend to retain all available funds and future earnings, if any, to fund the development and expansion of our business, and we do not anticipate paying any cash dividends in the foreseeable future. Any future determination regarding the declaration and payment of dividends, if any, will be at the discretion of our board of directors and will depend on then-existing conditions, including our financial condition, operating results, contractual restrictions, capital requirements, business prospects, and other factors our board of directors may deem relevant.
Recent Sales of Unregistered Equity Securities
On November 20, 2025, we issued approximately 0.1 million shares of our common stock (Equity Consideration) to certain securityholders of TensorStax, Inc. (TensorStax), pursuant to the terms of an agreement and plan of merger and reorganization, dated as of November 18, 2025, as partial consideration for our acquisition of all of the outstanding capital stock and certain other securities of TensorStax. A portion of the Equity Consideration that was issued to continuing TensorStax employees is subject to forfeiture upon the occurrence of certain events.
We issued the shares in reliance on an exemption from registration provided for under Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D promulgated thereunder as a transaction by an issuer not involving a public offering. We relied on this exemption from registration based in part on the representations made by the applicable TensorStax securityholders.
Issuer Purchases of Equity Securities
The following table presents our stock repurchase activity under our authorized stock repurchase program during the three months ended January 31, 2026 (in thousands, except for per share data):
Total Number of Shares Purchased Average Price Paid Per Share (1)
Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program (2)
November 1, 2025 to November 30, 2025 — $ — — $ —
December 1, 2025 to December 31, 2025 668 $ 224.68 668 $ 1,102,692
January 1, 2026 to January 31, 2026 — $ — — $ —
Total 668 668
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(1) Weighted-average price paid per share excludes transaction costs and excise tax, if any, associated with the repurchases.
(2) In February 2023, our board of directors authorized, and on March 1, 2023, we publicly announced, a stock repurchase program of up to $2.0 billion of our outstanding common stock. In August 2024, our board of directors authorized the repurchase of an additional $2.5 billion of our outstanding common stock under the stock repurchase program and extended the expiration date of the stock repurchase program from March 2025 to March 2027, which we publicly announced on August 21, 2024. The amount disclosed in this column is exclusive of any transaction costs associated with the repurchases. Repurchases may be effected, from time to time, either on the open market (including via pre-set trading plans), in privately negotiated transactions, or through other transactions in accordance with applicable securities laws. The timing and amount of any repurchases will be determined by management based on an evaluation of market conditions and other factors. The program does not obligate us to acquire any particular amount of common stock, and the repurchase program may be suspended or discontinued at any time at our discretion.
Stock Performance Graph
This performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any of our filings under the Securities Act.
The graph below shows the cumulative total return to our stockholders for each of the last five fiscal years ended January 31, 2026 in comparison to the S&P 500 Index and the S&P 500 Information Technology Index. The graph assumes (i) an initial investment of $100 in each of our common stock, the S&P 500 Index, and the S&P 500 Information Technology Index at their respective closing prices on the last trading day of our fiscal year ended January 31, 2021 and (ii) reinvestment of gross dividends. The stock price performance shown in the graph represents past performance and should not be considered an indication of future stock price performance.
ITEM 6. [RESERVED]
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