Form 4: Snowflake President of Products Reports Gift of 50,000 Shares in Routine SEC Filing

Benoit Dageville, President of Products and Director at Snowflake Inc., reported a gift of 50,000 Class A Common Stock shares as part of a routine insider transaction.

Summary

• Benoit Dageville, President of Products and Director at Snowflake Inc. (SNOW), reported a disposition of 50,000 shares of Class A Common Stock.
• The transaction occurred on June 11, 2025, and was coded as a gift ('G') with a price of $0 per share.
• Following this transaction, Mr. Dageville's beneficial ownership includes 3,191,555 shares held indirectly through The Snow Trust UTA (dated 09/10/2019), where he is a trustee.
• He also directly holds 63,946 shares, which includes shares to be issued from restricted stock unit vesting.
• An additional 750,000 shares are held indirectly through The Selene GRAT No. 1 (dated 03/13/2025), where he is a trustee.
• Furthermore, 750,000 shares are held indirectly through The Thira GRAT No. 1 (dated 03/13/2025), for which his spouse is the trustee, and Mr. Dageville disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The document is a routine insider transaction filing (Form 4) reporting a gift of shares, which is a neutral event in terms of company performance or outlook.

Positives

• The transaction represents a gift, which is a common practice for executives engaging in estate planning.

Negatives

• The disposition of 50,000 shares, even as a gift, reduces the direct ownership stake of a key executive in the company.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction specific to Snowflake Inc. and does not provide broader industry context or trends.

Related Party Transactions

• The disposition of shares was a gift to trusts, including The Snow Trust UTA and The Selene GRAT No. 1, where the reporting person is a trustee, and The Thira GRAT No. 1, where the reporting person's spouse is a trustee. The reporting person disclaims beneficial ownership of shares held by The Thira GRAT No. 1.

Stakeholder Impact

• Shareholders: This is a routine disclosure of an insider's stock transaction and is unlikely to have a significant direct impact on shareholders beyond transparency regarding executive holdings.

Key Dates

Keywords

Snowflake, SNOW, Form 4, Insider Transaction, Beneficial Ownership, Stock Disposition, Benoit Dageville, Executive Compensation, Trust