Form 4: Snowflake Inc. Executive Benoit Dageville Reports Gift of Shares and Beneficial Ownership

Benoit Dageville, President of Products at Snowflake Inc., reported a gift of 7,500 Class A Common Stock shares and details of beneficial ownership, including shares held in trusts.

Summary

• On May 13, 2025, Benoit Dageville, President of Products at Snowflake Inc., reported a transaction involving Class A Common Stock.
• Dageville gifted 7,500 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 restricted stock units.
• Dageville also has indirect ownership of 3,245,305 shares held in The Snow Trust UTA.
• Additionally, 750,000 shares are held by The Thira GRAT No. 1, for which Dageville's spouse is the trustee, and Dageville disclaims beneficial ownership of these shares.
• Another 750,000 shares are held by The Selene GRAT No. 1, for which Dageville is the trustee.
• The gift was executed under a pre-arranged 10b5-1 trading plan adopted on March 29, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a gift of shares and beneficial ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

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

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the relatively small number of shares involved compared to the total outstanding shares.

Key Dates

Keywords

Snowflake Inc., Benoit Dageville, Form 4, Beneficial Ownership, Class A Common Stock, Trust, 10b5-1 trading plan, Gift