Form 4: Snowflake Inc. Executive Benoit Dageville Reports Stock Transactions
SEC Form 4 Filing
Benoit Dageville, President of Products at Snowflake Inc., reports the disposition and acquisition of Class A Common Stock due to tax obligations and vesting of restricted stock units.
Summary
- Benoit Dageville, President of Products at Snowflake Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On June 20, 2024, shares of Class A Common Stock were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units; 993 shares were sold at $130.67 and 283 shares were sold at $126.62.
- On June 21, 2024, Dageville sold 1,295 shares of Class A Common Stock at $125.19.
- Following these transactions, Dageville directly owns 58,791 shares of Class A Common Stock and indirectly owns 4,910,205 shares through The Snow Trust UTA dated 9/10/19, for which he serves as trustee.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence and are regularly monitored by investors to gauge management's sentiment and alignment with company performance.
Stakeholder Impact
- Shareholders may be interested in executive stock transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 09/10/19 | Date of The Snow Trust UTA |
| 06/20/2024 | Disposition of shares for tax obligations |
| 06/21/2024 | Sale of shares |
| 06/24/2024 | Date of Form 4 filing |
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