Form 4: Snowflake Inc. Executive Benoit Dageville Reports Stock Transactions
SEC Form 4 Filing
Benoit Dageville, President of Products at Snowflake Inc., reports the disposal and acquisition of Class A Common Stock due to tax obligations and sales.
Summary
- Benoit Dageville, President of Products at Snowflake Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 15, 2024, and March 18, 2024, shares were withheld to cover tax obligations related to the vesting of restricted stock units.
- Specifically, 3,690 shares were withheld on March 15, 2024, and 3,244 shares were withheld on March 18, 2024, both at a price of $156.97.
- On March 18, 2024, Dageville also sold 8,515 shares at a weighted-average price of $156.254, with individual transactions ranging from $156.251 to $156.290.
- Following these transactions, Dageville directly owns 55,216 shares of Class A Common Stock and indirectly owns 4,949,205 shares through The Snow Trust UTA dated 9/10/19, for which he serves as a trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 9/10/19 | Date of The Snow Trust UTA |
| 03/15/2024 | Shares withheld for tax obligations |
| 03/18/2024 | Shares withheld for tax obligations and shares sold |
| 03/19/2024 | Date of signature by Attorney-in-Fact |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.