SNOW Director Dageville Files to Sell $182K in Shares|Snowflake Executive Reports Stock Sale Plan - Form 144|Snowflake Officer Trading Activity - SEC Form 144 Filed
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Form 144 filing reveals Snowflake officer and director Benoit Dageville plans to sell 870 Class A shares worth $182,587 through Fidelity Brokerage Services on NYSE. The shares were acquired through restricted stock vesting on June 20, 2025. Notable recent trading activity shows Dageville sold 64,960 shares in the past 3 months totaling approximately $11.16M. Sales executed under 10b5-1 trading plan adopted March 29, 2024. Transaction represents minimal portion of Snowflake's 333.7M outstanding shares. Filing indicates seller has no knowledge of undisclosed material adverse information regarding company operations.
Positive
- The insider's stock sale represents a minimal portion (870 shares) of Snowflake's total outstanding shares (333.7M), indicating limited dilution impact
- The sale price of $209.87 per share (derived from $182,586.90/870 shares) reflects a strong market valuation for Snowflake stock
- The shares being sold came from restricted stock vesting, which is part of normal executive compensation practices rather than open market purchases being liquidated
Negative
- Officer/Director Benoit Dageville has sold significant amounts in the past 3 months totaling 64,960 shares for approximately $11.16M, suggesting ongoing insider selling pressure
- The insider sale is being executed under a 10b5-1 trading plan adopted on March 29, 2024, indicating a programmatic selling strategy by the executive
- Multiple sales by the same insider within a short timeframe (7 sales in past 3 months) could signal reduced confidence in near-term stock appreciation potential
FAQ
What is Benoit Dageville's position at SNOW?
According to the Form 144 filing, Benoit Dageville serves as both an Officer and Director at Snowflake Inc.