Form 4: Snowflake Inc. Executive Benoit Dageville Transfers 1,500,000 Shares to Trusts

Benoit Dageville, President of Products at Snowflake Inc., reports the transfer of 1,500,000 Class A Common Stock shares to trusts, with no consideration, on March 27, 2025.

Summary

• On March 27, 2025, Benoit Dageville, President of Products at Snowflake Inc., reported changes in beneficial ownership of Snowflake shares.
• Dageville transferred 1,500,000 shares of Class A Common Stock to The Selene GRAT No. 1 and The Thira GRAT No. 1, with 750,000 shares going to each trust.
• The transfer was made for no consideration.
• Following the transaction, Dageville directly owns 65,054 shares and indirectly owns 3,258,430 shares through The Snow Trust UTA.
• Dageville is a trustee of The Snow Trust UTA and The Selene GRAT No. 1.
• Dageville disclaims beneficial ownership of the 750,000 shares held by The Thira GRAT No. 1, as his spouse is the trustee.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transfers for estate planning purposes and does not inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to estate planning or tax optimization strategies. The transfer of shares to trusts is a typical method for managing wealth and ensuring its transfer to future generations.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders, as it is a transfer of ownership between related parties for estate planning purposes.
• It does not affect the company's operations, financial condition, or strategic direction.

Key Dates

Keywords

Snowflake Inc., Benoit Dageville, beneficial ownership, Form 4, stock transfer, trusts, SNOW