The U.S. District Court for the Northern District of California, through an order signed by Chief Judge Richard Seeborg on March 27, 2026, has granted a stipulation to extend the stay of action in the In re Snowflake Inc. Stockholder Derivative Litigation (Case Number 3:24-cv-02502-RS). This order signifies a procedural continuation of the litigation, indicating that the parties have agreed to a further pause in proceedings.

This extension of the stay means that active litigation steps are temporarily suspended. Legal professionals involved in this case should note the updated status and adjust their case management accordingly. While this specific order does not impose new compliance obligations on Snowflake Inc. or its stakeholders, it is part of an ongoing legal process that may eventually lead to substantive rulings or settlements. Compliance officers should continue to monitor the case for any future developments that could impact corporate governance or disclosure requirements.