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

Benoit Dageville, President of Products at Snowflake Inc., reports exercising options, selling shares, and gifting shares under a pre-arranged 10b5-1 trading plan.

Summary

• On March 6, 2025, Benoit Dageville, President of Products at Snowflake Inc., engaged in multiple transactions involving Class A Common Stock.
• Dageville exercised options to acquire 6,250 shares at a price of $0.74 per share.
• He then sold 6,250 shares at $167 per share.
• Additionally, Dageville gifted 3,750 shares.
• These transactions were executed under a 10b5-1 trading plan adopted on March 29, 2024.
• Following these transactions, Dageville directly owns 66,725 shares and indirectly owns 4,794,805 shares through a trust.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. The use of a 10b5-1 plan suggests a planned and orderly approach to managing personal finances, neither particularly positive nor negative.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and helps investors assess management's view of the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are typical for executives who receive stock options as part of their compensation.
• The use of a 10b5-1 trading plan is a common method for insiders to sell shares without raising concerns about insider trading, similar to practices at companies like Microsoft, Apple, and Google.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The impact is likely minimal as the transactions were conducted under a pre-arranged trading plan.

Key Dates