Form 4: Snowflake Executive Benoit Dageville Reports Routine Stock Transactions

Snowflake Inc. Director and President of Products, Benoit Dageville, reported the sale of 548 Class A Common Stock shares under a pre-arranged 10b5-1 trading plan and the withholding of 560 shares for tax obligations.

Summary

• Benoit Dageville, a Director and President of Products at Snowflake Inc. (SNOW), filed a Form 4 detailing recent changes in his beneficial ownership.
• On June 9, 2025, 560 shares of Class A Common Stock were disposed of at a price of $210.84 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.
• On June 10, 2025, 548 shares of Class A Common Stock were sold at a price of $209.96 per share.
• This sale was conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Dageville on March 29, 2024.
• Following these transactions, Mr. Dageville directly holds 63,946 shares of Class A Common Stock.
• Indirect beneficial ownership includes 3,241,555 shares held by The Snow Trust UTA and 750,000 shares held by The Selene GRAT No. 1, for which Mr. Dageville is a trustee.
• An additional 750,000 shares are held by The Thira GRAT No. 1, for which Mr. Dageville's spouse is the trustee, and Mr. Dageville disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The document is a routine Form 4 filing detailing insider stock transactions. It contains no positive or negative news about the company's operations or financial performance, making the sentiment neutral.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The sale was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 29, 2024.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual executive's pre-planned stock sales and tax-related dispositions, common among executives of publicly traded technology companies.

Stakeholder Impact

• Shareholders: The reported transactions are routine and relatively small in scale compared to the company's total shares outstanding, thus having minimal direct impact on the broader shareholder base or stock price. The 10b5-1 plan indicates pre-scheduled sales, reducing concerns about opportunistic selling.

Key Dates

Recommendation

Keywords

Snowflake, SNOW, Benoit Dageville, Form 4, Insider Trading, Stock Sale, 10b5-1 Plan, Restricted Stock Units, Tax Withholding, Beneficial Ownership