Form 4: Snowflake Inc. Insider Transactions Detailed

Benoit Dageville, Director and Officer at Snowflake Inc., reports significant share transfers and holdings through various trusts and GRATs on April 7, 2026.

Summary

• Benoit Dageville, a Director and Founder and Chief Architect of Snowflake Inc. (SNOW), has reported a series of transactions involving common stock on April 7, 2026.
• These transactions primarily involve the transfer of shares between various trusts and GRATs, with no consideration exchanged.
• Specifically, The Thira GRAT No. 1 transferred 391,913 shares to The Snow Trust UTA. The reporting person's spouse is the trustee of The Thira GRAT No. 1, and beneficial ownership is disclaimed.
• Similarly, The Selene GRAT No. 1 transferred 391,913 shares to The Snow Trust UTA. The reporting person is the trustee of The Selene GRAT No. 1.
• The Snow Trust UTA then transferred 391,913 shares each to The Selene GRAT No. 2 and The Thira GRAT No. 2. The reporting person is a trustee of The Snow Trust UTA.
• Following these transfers, Dageville beneficially owns 3,001,555 shares indirectly through trusts, with additional direct holdings of 65,742 shares.
• The filing also notes that 65,742 shares are to be issued in connection with the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine trust and GRAT transactions by an insider rather than new financial performance or strategic shifts.

Positives

• Benoit Dageville, a key executive and director, continues to hold a substantial number of Snowflake shares, indicating ongoing commitment.
• The reporting of these transactions is in compliance with SEC regulations, ensuring transparency.
• The structure of the transactions suggests a planned estate or trust management strategy.

Negatives

• The reporting person disclaims beneficial ownership of shares held by The Thira GRAT No. 1 and The Thira GRAT No. 2, indicating a separation of financial interest.
• The complexity of the trust and GRAT structures may obscure the ultimate beneficial ownership for external observers.

Risks

• The disclaimer of beneficial ownership for certain shares could be interpreted as a reduction in direct financial interest or control.
• The reliance on trusts and GRATs for share management introduces potential complexities and legal considerations.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions related to beneficial ownership.

Management Comments

• The reporting person disclaims beneficial ownership of shares held by The Thira GRAT No. 1 and The Thira GRAT No. 2.
• Shares are held by various trusts and GRATs, with specific trustees identified for each.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in the tech sector, providing transparency into executive and director holdings. The complex trust structures observed are not uncommon for high-net-worth individuals in the technology industry managing significant equity.

Related Party Transactions

• Transfers of shares between trusts and GRATs where Benoit Dageville or his spouse act as trustee or where beneficial ownership is disclaimed.

Stakeholder Impact

• Shareholders gain transparency into the holdings and transactions of a key executive and director.
• The complexity of the trust structures may require further diligence for investors seeking to understand ultimate beneficial ownership.

Next Steps

• Continued monitoring of Benoit Dageville's beneficial ownership and any future transactions.
• Vesting of restricted stock units as indicated in the filing.

Key Dates

Keywords

Snowflake Inc., SNOW, Form 4, Insider Trading, Beneficial Ownership, Stock Transfer, Trusts, GRAT, Benoit Dageville, SEC Filing, Equity Securities