Form 4: Snowflake Inc. Executive Benoit Dageville Reports Gift of Class A Common Stock

Benoit Dageville, President of Products at Snowflake Inc., reported a gift of 1,875 shares of Class A Common Stock and indirect ownership of a significant number of shares held in trusts.

Summary

• On April 25, 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.
• Following the transaction, Dageville directly owns 65,054 shares, which includes shares to be issued in connection with the vesting of one or more restricted stock units.
• Dageville also indirectly owns 3,254,680 shares through The Snow Trust UTA dated 9/10/19, for which he serves as a trustee.
• Additionally, trusts for which Dageville's spouse is trustee hold 750,000 shares in The Thira GRAT No. 1 dated 3/13/2025 and 750,000 shares in The Selene GRAT No. 1 dated 3/13/2025.
• Dageville disclaims beneficial ownership of the shares held by The Thira GRAT No. 1.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• Executives at comparable companies like Datadog, MongoDB, and Okta also regularly file Form 4s to report changes in their beneficial ownership.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects an executive's personal financial decisions.
• The gift of shares does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Class A Common Stock, Snowflake Inc., Dageville Benoit, Trust, Gift, SNOW