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

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

Summary

• On September 9, 2024, Benoit Dageville, President of Products at Snowflake Inc., had shares withheld to cover tax obligations related to vesting restricted stock units, resulting in the disposal of 550 shares at $108.56.
• Following this transaction, Dageville directly owns 58,241 shares of Class A Common Stock, which includes shares to be issued in connection with the vesting of restricted stock units.
• On September 10, 2024, Dageville sold 558 shares of Class A Common Stock at $109.96.
• Following this transaction, Dageville directly owns 57,683 shares of Class A Common Stock, which includes shares to be issued in connection with the vesting of restricted stock units.
• Dageville also indirectly owns 4,910,205 shares of Class A Common Stock through The Snow Trust UTA dated September 10, 2019, for which he serves as a trustee.
• The sale of shares on September 10, 2024, was executed under a 10b5-1 trading plan adopted on March 29, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. 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 common for publicly traded companies. It provides transparency into the trading activities of insiders.

Stakeholder Impact

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

Key Dates