Form 4: Snowflake Executive Sells Shares Under 10b5-1 Plan

Snowflake's President of Products, Benoit Dageville, sold 869 shares of common stock for $230.48 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Benoit Dageville, President of Products and a Director at Snowflake Inc. (SNOW), executed a sale of common stock.
• The transaction involved the disposition of 869 shares of Snowflake common stock.
• The shares were sold at a price of $230.48 per share.
• The sale was conducted on September 23, 2025, pursuant to a Rule 10b5-1 trading plan.
• The 10b5-1 trading plan was adopted by Mr. Dageville on March 28, 2025.
• Following this transaction, Mr. Dageville directly beneficially owns 50,519 shares of common stock, which includes shares to be issued from restricted stock unit vesting.
• Mr. Dageville also has indirect beneficial ownership of 3,089,055 shares through The Snow Trust UTA and 750,000 shares through The Selene GRAT No. 1, for both of which he is the 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 filing reports a routine, pre-planned insider stock sale, which is generally considered neutral in terms of company sentiment. It does not indicate any positive or negative operational performance or strategic shifts.

Future Outlook

This filing is a routine insider transaction report and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a standard insider transaction filing (Form 4) and does not provide information directly related to broader industry trends or competitive landscape. Such filings are common for executives managing their personal equity holdings, often through pre-arranged 10b5-1 plans.

Related Party Transactions

• Benoit Dageville holds indirect beneficial ownership of 3,089,055 shares through The Snow Trust UTA and 750,000 shares through The Selene GRAT No. 1, for both of which he serves as trustee.
• An additional 750,000 shares are held by The Thira GRAT No. 1, for which Mr. Dageville's spouse is the trustee. Mr. Dageville disclaims beneficial ownership of these shares.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in an executive's direct holdings, executed under a pre-planned trading arrangement, and is unlikely to have a significant impact on shareholder confidence or company valuation.
• Employees, Customers, Suppliers, Creditors: No direct impact is expected from this routine insider transaction.

Key Dates

Keywords

Snowflake, SNOW, Benoit Dageville, Insider Sale, Form 4, 10b5-1 Plan, Common Stock, Executive Transaction