Form 4: Snowflake Founder Dageville Reports Share Transactions

Snowflake Inc. Founder and Chief Architect Benoit Dageville reported several transactions, including a gift of 50,000 shares, tax-related dispositions, and an open market sale under a 10b5-1 plan.

Summary

• Benoit Dageville, Founder, Chief Architect, and Director of Snowflake Inc., reported changes in beneficial ownership.
• On December 12, 2025, Dageville disposed of 50,000 shares of Common Stock as a gift (transaction code G) at a price of $0. These shares are indirectly held by The Snow Trust UTA.
• On December 15, 2025, 1,951 shares of Common Stock were disposed of at $217.93 per share to satisfy tax withholding obligations related to the vesting of restricted stock units (transaction code F).
• On December 16, 2025, 1,912 shares of Common Stock were sold in the open market (transaction code S) at $212.45 per share. This sale was executed pursuant to a 10b5-1 trading plan adopted on March 28, 2025.
• Following these transactions, Dageville beneficially owns 3,001,555 shares indirectly through The Snow Trust, 45,009 shares directly, and 750,000 shares indirectly through The Selene GRAT No. 1.
• An additional 750,000 shares are held by The Thira GRAT No. 1, for which Dageville's spouse is the trustee, and Dageville disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, including a gift, tax-related dispositions, and a pre-planned open market sale. There are no significant positive or negative surprises, indicating a neutral sentiment.

Positives

• The disposition of shares for tax withholding is a routine event associated with RSU vesting, indicating compensation realization.
• The gift of 50,000 shares at $0 could be seen as a philanthropic act or part of estate planning.

Negatives

• The open market sale of 1,912 shares by an insider, even if pre-planned, represents a reduction in direct ownership.

Related Party Transactions

• The disposition of 50,000 shares was a gift, indirectly held by The Snow Trust UTA, for which the Reporting Person is a trustee.
• 750,000 shares are indirectly held by The Selene GRAT No. 1, for which the Reporting Person is the trustee.
• An additional 750,000 shares are held by The Thira GRAT No. 1, for which the Reporting Person's spouse is the trustee, and the Reporting Person disclaims beneficial ownership.

Stakeholder Impact

• Shareholders may note the insider sale, even if pre-planned, as a slight reduction in direct insider ownership.
• The gift and tax-related dispositions are routine and have minimal direct impact on general shareholders beyond disclosure.

Key Dates

Recommendation

The Form 4 filing details routine insider transactions, including a gift, tax-related share dispositions, and a pre-planned open market sale. These transactions do not indicate a change in the company's fundamental outlook or the insider's long-term conviction, especially given the significant remaining indirect holdings. Therefore, a 'hold' recommendation is appropriate as this filing provides no new information to alter an investment thesis.

Keywords

Snowflake Inc., SNOW, Benoit Dageville, Insider Trading, Form 4, Beneficial Ownership, Stock Sale, RSU Vesting, 10b5-1 Plan, Gift of Shares, Chief Architect, Director