Form 4: Snowflake President of Products Gifts Shares Under Pre-Arranged 10b5-1 Plan

Snowflake Inc.'s President of Products, Benoit Dageville, gifted 1,875 shares of common stock on July 25, 2025, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Benoit Dageville, President of Products and a Director at Snowflake Inc., disposed of 1,875 shares of common stock via a gift transaction on July 25, 2025.
• The transaction was executed under a Rule 10b5-1 trading plan adopted by Dageville on March 28, 2025.
• Following the gift, Dageville's beneficial ownership includes 58,325 shares held directly, which encompasses shares to be issued from restricted stock unit vesting.
• Indirect beneficial ownership includes 3,169,055 shares held by The Snow Trust UTA, for which Dageville is a trustee.
• An additional 750,000 shares are held indirectly by The Selene GRAT No. 1, for which Dageville is also the trustee.
• Dageville disclaims beneficial ownership of 750,000 shares held by The Thira GRAT No. 1, for which his spouse is the trustee.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned insider share disposition (gift) under a 10b5-1 plan, which is generally neutral in sentiment as it reflects personal financial planning rather than a change in company fundamentals or management's view of the company's prospects.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Management Comments

• The gift was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 28, 2025.

Industry Context

This filing details a specific insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Shares are held by The Snow Trust UTA dated September 10, 2019, for which the Reporting Person is a trustee.
• Shares are held by The Thira GRAT No. 1 dated March 13, 2025, for which the Reporting Person's spouse is the trustee, and the Reporting Person disclaims beneficial ownership.
• Shares are held by The Selene GRAT No. 1 dated March 13, 2025, for which the Reporting Person is the trustee.

Stakeholder Impact

• Shareholders: The transaction represents a minor, pre-planned reduction in direct insider ownership, which is typical for estate planning and generally does not signal a change in management's confidence in the company.

Key Dates

Recommendation

The filing is a routine Form 4 detailing a pre-planned gift of shares by an insider under a 10b5-1 plan. This type of transaction is typically for estate planning purposes and does not reflect a change in the company's fundamentals, operational performance, or management's outlook. Therefore, it provides no new information that would warrant a change in investment recommendation; a 'hold' stance is appropriate as the filing itself does not present a compelling reason to buy or sell.

Keywords

Snowflake Inc., SNOW, Benoit Dageville, Insider Transaction, Form 4, Stock Gift, 10b5-1 Plan, Beneficial Ownership, Director, Officer, President of Products, Equity, Shares