Form 4: Snowflake Inc. Director Benoit Dageville Reports Changes in Beneficial Ownership

Benoit Dageville, President of Products at Snowflake Inc., reported a disposition of 31,000 shares of Class A Common Stock on March 12, 2024, and continues to hold a significant number of shares both directly and indirectly.

Summary

• On March 12, 2024, Benoit Dageville, President of Products at Snowflake Inc., reported a transaction involving Class A Common Stock.
• Dageville disposed of 31,000 shares of Class A Common Stock at a price of $0.
• Following the transaction, Dageville directly owns 70,665 shares and indirectly owns 4,949,205 shares through a trust.
• The shares held in trust are managed through The Snow Trust UTA dated 9/10/19, for which Dageville is a trustee.
• The direct holdings include shares to be issued in connection with the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report on insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common among executives and directors of publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal given the large number of outstanding shares.

Key Dates