Form 4: Snowflake Inc. Executive Benoit Dageville Reports Stock Transactions

Benoit Dageville, President of Products at Snowflake Inc., reports the disposition and acquisition of Class A Common Stock, including transactions to cover tax obligations and sales under a pre-arranged trading plan.

Summary

• On March 17, 2025, Benoit Dageville disposed of 1,012 and 939 shares of Class A Common Stock at $156.11 to cover tax obligations related to vesting restricted stock units.
• Following these transactions, Dageville directly owns 72,290 shares of Class A Common Stock, which includes shares to be issued in connection with the vesting of one or more restricted stock units.
• On March 18, 2025, Dageville sold 1,912 shares of Class A Common Stock at $155.69.
• Dageville also indirectly owns 4,794,805 shares through The Snow Trust UTA dated 9/10/19, for which he serves as a trustee.
• The sale of shares on March 18, 2025, was executed under a 10b5-1 trading plan adopted on March 29, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine occurrence. There is no indication of positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel at Snowflake Inc.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are typical for executives who receive stock-based compensation and utilize 10b5-1 trading plans.
• Comparable companies such as Datadog, MongoDB, and Okta also have similar insider transaction reporting.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal given the relatively small number of shares involved compared to the total outstanding shares.

Key Dates

Keywords

Snowflake Inc., Benoit Dageville, Class A Common Stock, Form 4, SEC, Insider Trading, 10b5-1 Trading Plan, Stock Transactions, Beneficial Ownership, Restricted Stock Units