Form 4: Snowflake Executive's Future Share Dispositions

Snowflake's President of Products, Benoit Dageville, reported future transactions including a gift of 50,000 common shares and dispositions for tax obligations related to restricted stock units.

Summary

• Benoit Dageville, President of Products and Director at Snowflake Inc. (SNOW), reported changes in beneficial ownership.
• On September 20, 2025, Dageville reported gifting 50,000 shares of Snowflake Common Stock at a price of $0.
• Following this gift, Dageville's indirect beneficial ownership through The Snow Trust was 3,089,055 shares.
• On September 22, 2025, Dageville reported two dispositions of Common Stock to satisfy tax withholding obligations on the vesting of restricted stock units.
• The first tax-related disposition involved 601 shares at a price of $230.48 per share.
• The second tax-related disposition involved 288 shares at a price of $230.48 per share.
• After these tax-related dispositions, Dageville's direct beneficial ownership was 51,388 shares.
• Dageville also indirectly holds 750,000 shares through The Thira GRAT No. 1 (spouse as trustee, beneficial ownership disclaimed) and 750,000 shares through The Selene GRAT No. 1 (reporting person as trustee).

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (gift and tax withholding) which are generally neutral in sentiment. The future dates are unusual but do not inherently change the sentiment of the type of transaction.

Negatives

• Disposition of shares by an insider, even for gifting or tax purposes, reduces their direct or indirect stake in the company.

Future Outlook

The filing reports transactions scheduled for future dates (September 20 and 22, 2025), indicating planned dispositions of shares.

Industry Context

Form 4 filings are routine disclosures for insiders of publicly traded companies, reflecting changes in their beneficial ownership. These transactions are specific to Snowflake and its executive, Benoit Dageville, and do not inherently reflect broader industry trends.

Related Party Transactions

• The indirect holdings through The Thira GRAT No. 1, where the reporting person's spouse is the trustee, could be considered a related party arrangement, though beneficial ownership is disclaimed by the reporting person.
• The Selene GRAT No. 1, where the reporting person is the trustee, is also a related party structure for estate planning.

Stakeholder Impact

• Minimal impact on shareholders, employees, customers, suppliers, or creditors as these are routine insider transactions and do not reflect operational or strategic changes.

Key Dates

Recommendation

This Form 4 reports routine insider transactions (a gift and tax-related dispositions) that are common for executives with equity compensation. While it involves a disposition of shares, the nature and scale of these transactions are unlikely to significantly alter the investment thesis for Snowflake. The future dates of the transactions are notable but do not suggest any immediate operational or financial concerns that would warrant a change in investment recommendation based solely on this filing.

Keywords

Snowflake, SNOW, Form 4, insider transaction, share disposition, stock gift, tax withholding, restricted stock units, Benoit Dageville