Form 4: Snowflake Founder Sells Shares, Tax Withholding Reported
Insider Transaction Report
Snowflake Inc. Founder and Chief Architect Benoit Dageville reported sales of common stock and shares withheld for tax obligations, reducing his direct beneficial ownership.
Summary
- Benoit Dageville, Founder and Chief Architect of Snowflake Inc., reported transactions involving common stock.
- On December 8, 2025, 560 shares were disposed of at $228.79 to satisfy tax withholding obligations on the vesting of restricted stock units.
- Also on December 8, 2025, an additional 273 shares were disposed of at $228.79 for tax withholding on the vesting of restricted stock units.
- On December 9, 2025, 814 shares were sold at $223.31 pursuant to a Rule 10b5-1 trading plan adopted by Dageville on March 28, 2025.
- Following these transactions, Dageville directly beneficially owns 48,872 shares of common stock.
- Dageville also indirectly holds 750,000 shares through The Selene GRAT No. 1 (for which he is the trustee), 3,051,555 shares through The Snow Trust UTA (for which he is a trustee), and 750,000 shares through The Thira GRAT No. 1 (for which his spouse is the trustee, and he disclaims beneficial ownership).
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions (tax withholding and a pre-planned sale) which are generally neutral events for company sentiment and do not indicate a change in fundamental outlook.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Minimal direct impact on shareholders, as the transactions are routine insider disclosures, including tax-related dispositions and a pre-scheduled sale under a 10b5-1 plan. These types of transactions are generally anticipated and do not typically signal a change in company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 09/10/2019 | Date of The Snow Trust UTA, for which Benoit Dageville is a trustee. |
| 03/13/2025 | Date of The Thira GRAT No. 1 and The Selene GRAT No. 1. |
| 03/28/2025 | Date the 10b5-1 trading plan was adopted by Benoit Dageville. |
| 12/08/2025 | Date of disposition of shares for tax withholding obligations on RSU vesting. |
| 12/09/2025 | Date of sale of shares pursuant to a 10b5-1 trading plan. |
| 12/10/2025 | Signature date of the reporting person's attorney-in-fact for the filing. |
Recommendation
holdThis Form 4 reports routine insider transactions, including tax-related dispositions and a pre-scheduled sale under a 10b5-1 plan. These transactions do not provide new fundamental information about Snowflake Inc.'s operational performance or future prospects that would warrant a change in investment recommendation. Investors should consider broader company fundamentals and market conditions.
Keywords
Snowflake, SNOW, insider trading, Form 4, stock sale, executive compensation, Benoit Dageville, restricted stock units, 10b5-1 plan
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