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

• Benoit Dageville, President of Products at Snowflake Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On September 20, 2024, 283 shares of Class A Common Stock were disposed of to satisfy tax withholding obligations at a price of $114.02.
• On September 23, 2024, 287 shares of Class A Common Stock were sold at a price of $111.41.
• Following these transactions, Dageville directly owns 53,250 shares of Class A Common Stock and indirectly owns 4,910,205 shares through The Snow Trust UTA dated 9/10/19.
• The sale on September 23, 2024, was executed under a 10b5-1 trading plan adopted on March 29, 2024.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, with no inherent positive or negative sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often scrutinized by investors for insights into management's perspective on the company's future performance. Form 4 filings provide transparency into these transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.

Key Dates