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 shares withheld for tax obligations and shares sold on the open market.

Summary

• Benoit Dageville, President of Products at Snowflake Inc., filed a Form 4 detailing changes in beneficial ownership.
• On June 17, 2024, 923 shares of Class A Common Stock were withheld to cover tax obligations at a price of $130.67.
• On June 18, 2024, 937 shares of Class A Common Stock were sold at a weighted-average price of $126.747, with individual transactions ranging from $126.730 to $126.750.
• Following these transactions, Dageville directly owns 61,362 shares of Class A Common Stock and indirectly owns 4,910,205 shares through The Snow Trust UTA dated 9/10/19.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The transactions are unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates