Form 4: Snowflake Inc. Executive Benoit Dageville Reports Share Transactions
SEC Form 4 Filing
Benoit Dageville, President of Products at Snowflake Inc., reported a gift of 22,500 Class A Common Stock shares and also reported holding 53,250 shares to be issued in connection with the vesting of restricted stock units.
Summary
- Benoit Dageville, President of Products at Snowflake Inc., filed a Form 4 disclosing changes in beneficial ownership.
- The filing reports a gift of 22,500 Class A Common Stock shares.
- These shares were gifted at a price of $0.
- The transaction was executed on December 4, 2024.
- The gift was made under a pre-arranged 10b5-1 trading plan adopted on March 29, 2024.
- Dageville also reported holding 4,865,205 shares indirectly through a trust.
- Additionally, 53,250 shares are reported as being held directly, which are to be issued in connection with the vesting of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It does not contain any information that would be considered positive or negative from an investment perspective.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for all publicly traded companies in the US, as mandated by the SEC.
- The reporting of transactions under a 10b5-1 trading plan is a common practice among executives to avoid accusations of insider trading.
- The level of detail provided in this filing is consistent with what is expected from similar filings by executives at comparable tech companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- The transactions are not expected to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 2024-03-29 | Date the 10b5-1 trading plan was adopted by the reporting person. |
| 2024-12-04 | Date of the reported stock gift transaction. |
| 2024-12-05 | Date the Form 4 was signed. |
Keywords
Form 4, Beneficial Ownership, Insider Trading, Stock Transactions, Snowflake Inc., Benoit Dageville, 10b5-1 Trading Plan, Restricted Stock Units
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