Form 4: Snowflake Inc. Executive Benoit Dageville Executes Stock Option and Sells Shares Under 10b5-1 Plan

Benoit Dageville, President of Products at Snowflake Inc., exercised stock options and sold shares of Class A Common Stock under a pre-arranged 10b5-1 trading plan.

Summary

• On April 23, 2025, Benoit Dageville, President of Products at Snowflake Inc., executed a transaction involving Snowflake's Class A Common Stock.
• Dageville exercised stock options to acquire 6,250 shares at a price of $0.74 per share.
• Simultaneously, Dageville sold 6,250 shares of Class A Common Stock at $150 per share.
• These transactions were conducted under a pre-arranged 10b5-1 trading plan adopted on March 29, 2024.
• Following these transactions, Dageville directly owns 65,054 shares of Class A Common Stock.
• Dageville also indirectly owns shares through various trusts, including The Thira GRAT No. 1, The Selene GRAT No. 1, and The Snow Trust UTA, totaling 4,756,555 shares.
• Dageville disclaims beneficial ownership of shares held by The Thira GRAT No. 1, for which his spouse is the trustee.
• Dageville directly owns 494,863 derivative securities in the form of stock options.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports transactions executed under a pre-existing plan. There's no indication of positive or negative implications for the company's performance.

Positives

• The transactions were conducted under a pre-arranged 10b5-1 trading plan, which is a legal and transparent way for insiders to trade company stock.

Risks

• Insider selling can sometimes be perceived negatively by investors, although the use of a 10b5-1 plan mitigates this concern.

Industry Context

Insider transactions are a normal part of corporate activity. The use of a 10b5-1 plan suggests a planned and orderly approach to stock sales, rather than a reaction to current market conditions.

Comparison to Industry Standards

• It's common for executives at publicly traded companies like Snowflake to have compensation packages that include stock options and restricted stock units.
• The use of 10b5-1 trading plans is a standard practice among corporate insiders to avoid accusations of trading on non-public information, similar to practices at companies like Microsoft, Amazon, and Google.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the potential dilution from the exercise of stock options and the sale of shares.

Key Dates

Keywords

Snowflake, SNOW, insider trading, Form 4, Benoit Dageville, stock options, 10b5-1 plan, Class A Common Stock, trusts