Form 4: Snowflake Inc. President of Products, Benoit Dageville, Reports Stock Transactions
SEC Form 4 Filing
Benoit Dageville, President of Products at Snowflake Inc., reports exercising stock options, selling shares, and gifting shares under a pre-arranged 10b5-1 trading plan.
Summary
- On February 20, 2025, Benoit Dageville, President of Products at Snowflake Inc., engaged in multiple transactions involving Class A Common Stock.
- These transactions included the gifting of 3,750 shares, the exercise of options to acquire 12,500 shares at a price of $0.74, and the sale of 12,500 shares at $186.
- These actions were executed under a pre-arranged 10b5-1 trading plan adopted on March 29, 2024.
- Following these transactions, Dageville directly owns 47,710 shares and indirectly owns 4,798,555 shares through a trust.
- Dageville also holds options to purchase 519,863 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions executed under a pre-existing plan. There's no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Comparison to Industry Standards
- Comparing Dageville's transactions to other tech executives' Form 4 filings would provide context.
- For example, similar filings from executives at companies like Datadog (DDOG) or CrowdStrike (CRWD) could be analyzed to see if the scale and nature of the transactions are typical.
- Benchmarking the use of 10b5-1 trading plans against industry averages could also be insightful.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares, but the pre-arranged nature of the trading plan mitigates concerns about insider information being used for personal gain.
Key Dates
| Date | Description |
|---|---|
| 09/10/2019 | Date of The Snow Trust UTA |
| 03/29/2024 | Date of adoption of 10b5-1 trading plan |
| 02/20/2025 | Date of reported transactions (exercise, sale, gift) |
| 02/07/2027 | Expiration date of stock options |
| 02/21/2025 | Date of signature on the Form 4 |
Keywords
Form 4, Beneficial Ownership, Stock Options, Class A Common Stock, Benoit Dageville, Snowflake Inc., SNOW, 10b5-1 Trading Plan
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