Form 4: Snowflake Inc. Executive Benoit Dageville Reports Stock Transactions
SEC Form 4 Filing
Benoit Dageville, President of Products at Snowflake Inc., reports exercising stock options, selling shares, and gifting shares under a pre-arranged 10b5-1 trading plan.
Summary
- On May 1, 2025, Benoit Dageville, President of Products at Snowflake Inc., engaged in multiple transactions involving Class A Common Stock.
- These transactions included the exercise of stock options for 6,250 shares at a price of $0.74, the sale of 6,250 shares at $168, and a gift of 1,875 shares.
- These transactions were executed under a pre-arranged 10b5-1 trading plan adopted on March 29, 2024.
- Following these transactions, Dageville directly owns 65,054 shares of Class A Common Stock and 488,613 stock options.
- Dageville also indirectly owns shares through various trusts, including The Snow Trust UTA (3,252,805 shares), The Thira GRAT No. 1 (750,000 shares), and The Selene GRAT No. 1 (750,000 shares).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Snowflake, similar to filings made by executives at companies like Amazon, Microsoft, and Google.
- The use of 10b5-1 trading plans is also a common practice among corporate insiders to avoid accusations of insider trading, aligning with industry best practices for compliance and transparency.
Stakeholder Impact
- Shareholders can use this information to understand the trading activity of a key executive.
- The transactions themselves may have a minor impact on the stock price due to the volume of shares involved.
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 |
| 05/01/2025 | Date of stock option exercise, sale, and gift transactions |
| 05/02/2025 | Date of signature on the Form 4 filing |
| 02/07/2027 | Expiration date of stock options |
Keywords
Snowflake, SNOW, Benoit Dageville, Stock Options, Class A Common Stock, Form 4, 10b5-1 Trading Plan, Insider Trading, Beneficial Ownership
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