Form 4: Snowflake President of Products Gifts 7,500 Shares Under Pre-Arranged Plan

Benoit Dageville, President of Products and Director at Snowflake Inc., reported a gift of 7,500 shares of common stock on June 30, 2025, executed under a Rule 10b5-1 trading plan.

Summary

• Benoit Dageville, President of Products and a Director of Snowflake Inc. (SNOW), disposed of 7,500 shares of common stock via a gift on June 30, 2025.
• The gift transaction was executed at a price of $0 per share.
• This disposition was made pursuant to a Rule 10b5-1 trading plan adopted by Dageville on March 28, 2025.
• Following this transaction, Benoit Dageville beneficially owns 3,184,055 shares directly.
• Additionally, 750,000 shares are held indirectly by The Snow Trust UTA, for which Dageville is a trustee.
• Another 750,000 shares are held indirectly by The Thira GRAT No. 1, for which Dageville's spouse is the trustee, and Dageville disclaims beneficial ownership of these shares.
• An additional 58,325 shares are held directly, which includes shares to be issued upon the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: The document is a factual report of an insider transaction (a gift) and does not contain information that would significantly alter the overall sentiment towards the company's financial performance or strategic direction. It is neutral in its implications for company operations.

Positives

• The disposition of shares was conducted under a Rule 10b5-1 trading plan, indicating a pre-planned and compliant transaction.
• Benoit Dageville retains significant beneficial ownership of Snowflake shares, including over 3.18 million shares held directly and 750,000 shares held indirectly through a trust where he is a trustee, demonstrating continued alignment with shareholder interests.

Negatives

• A disposition of 7,500 shares, even as a gift, reduces the direct ownership stake of a key executive.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it is a report of past insider transactions.

Industry Context

This Form 4 filing reports a routine insider transaction for a publicly traded technology company. Such filings are standard disclosures for executives and directors and do not inherently reflect broader industry trends, though consistent insider activity across the sector can sometimes signal sentiment.

Related Party Transactions

• The disposition of shares included a gift to a trust (The Thira GRAT No. 1) for which the reporting person's spouse is the trustee, though the reporting person disclaims beneficial ownership of these shares.

Stakeholder Impact

• Shareholders: The gift represents a minor reduction in direct insider ownership, but the transaction was pre-planned under a 10b5-1 plan, which is a standard practice for managing insider stock holdings. The significant remaining holdings suggest continued alignment.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this insider transaction report.

Key Dates

Keywords

Snowflake, SNOW, Benoit Dageville, Form 4, Insider Trading, Stock Gift, 10b5-1 Plan, Common Stock, Beneficial Ownership, Director, Officer