Form 4: Snowflake Inc. Executive Benoit Dageville Reports Gift of Class A Common Stock
SEC Form 4 Filing
Benoit Dageville, President of Products at Snowflake Inc., reported a gift of 1,875 shares of Class A Common Stock and adjustments to beneficial ownership in trusts.
Summary
- On April 3, 2025, Benoit Dageville, President of Products at Snowflake Inc., reported a transaction involving Class A Common Stock.
- Dageville gifted 1,875 shares of Class A Common Stock.
- The gift was executed under a pre-arranged 10b5-1 trading plan adopted on March 29, 2024.
- Following the transaction, Dageville directly owns 65,054 shares, including shares to be issued in connection with the vesting of restricted stock units.
- Dageville indirectly owns 3,256,555 shares through The Snow Trust UTA.
- Additionally, 750,000 shares are held by The Thira GRAT No. 1 and another 750,000 shares are held by The Selene GRAT No. 1.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (gift of shares) under a pre-existing 10b5-1 trading plan. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and wealth management. The use of 10b5-1 plans is common to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 09/10/2019 | Date of The Snow Trust UTA |
| 03/29/2024 | Date of adoption of 10b5-1 trading plan |
| 03/13/2025 | Date of The Thira GRAT No. 1 |
| 03/13/2025 | Date of The Selene GRAT No. 1 |
| 04/03/2025 | Date of transaction (gift of shares) |
| 04/07/2025 | Date of signature on the Form 4 |
Keywords
Form 4, Beneficial Ownership, Class A Common Stock, Snowflake, Dageville, Trust, 10b5-1 plan
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