Snowflake (SNOW) founder Benoit Dageville logs small share sale, large trust holdings

Rhea-AI Filing Summary

Snowflake Inc. founder and chief architect Benoit Dageville reported an open‑market sale of 4,183 shares of Common Stock at $182.44 per share. The filing also shows 2,637 shares withheld to cover tax obligations on vesting restricted stock units, which are not market sales. After these transactions, he holds 57,124 shares directly, along with large additional indirect holdings in trusts, including 750,000 and 3,001,555-share positions, while a separate 750,000-share trust position is expressly disclaimed. The sale was executed under a pre‑arranged Rule 10b5-1 trading plan adopted on March 28, 2025.

Insights

Insider transactions analyst

Small pre‑planned sale alongside tax withholding looks routine.

Benoit Dageville executed an open‑market sale of 4,183 Snowflake shares at $182.44 per share, alongside 2,637 shares withheld for RSU tax obligations. The tax-withholding entries (code F) are mechanical and do not represent discretionary selling.

The sale was made under a Rule 10b5‑1 trading plan adopted on March 28, 2025, indicating it was pre‑scheduled rather than opportunistic. Following these moves, he still owns 57,124 shares directly and substantial additional positions via trusts, including 750,000 and 3,001,555-share stakes, while explicitly disclaiming another 750,000-share trust block.

Given the relatively modest size of the discretionary sale compared with his combined direct and trust-related positions, and the pre‑planned nature of the trade, this filing reads as a routine liquidity and tax‑management event rather than a thesis‑changing signal.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dageville Benoit

(Last) (First) (Middle)

C/O SNOWFLAKE INC.

135 CONSTITUTION DRIVE

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Snowflake Inc. [ SNOW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Founder and Chief Architect

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/09/2026		F(1)		1,938	D	$180.48	62,006(2)	D
Common Stock	03/09/2026		F(1)		427	D	$180.48	61,579(2)	D
Common Stock	03/09/2026		F(1)		272	D	$180.48	61,307(2)	D
Common Stock	03/10/2026		S(3)		4,183	D	$182.44	57,124(2)	D
Common Stock								750,000	I	Trust(4)
Common Stock								750,000	I	Trust(5)
Common Stock								3,001,555	I	Trust(6)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.

2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.

3. The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 28, 2025.

4. The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee.

5. The shares are held by The Thira GRAT No. 1 dated 3/13/2025 for which the Reporting Person's spouse is the trustee. The Reporting Person has no right to or interest in these shares and disclaims beneficial ownership of these shares.

6. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Snowflake (SNOW) founder Benoit Dageville report?

Benoit Dageville reported selling 4,183 shares of Snowflake Common Stock in an open-market transaction at $182.44 per share. The same Form 4 also shows share withholdings for taxes related to restricted stock unit vesting, which are not discretionary market sales.

How many Snowflake (SNOW) shares does Benoit Dageville hold after this Form 4?

After the reported transactions, Benoit Dageville holds 57,124 Snowflake shares directly. The filing also lists large indirect trust holdings of 750,000 and 3,001,555 shares, while another 750,000-share trust position is explicitly disclaimed as not beneficially owned by him.

Were the Snowflake (SNOW) insider sales made under a Rule 10b5-1 plan?

Yes. The Form 4 states the 4,183-share sale was effected under a Rule 10b5-1 trading plan adopted by Benoit Dageville on March 28, 2025. Such pre-arranged plans are designed to execute trades automatically, reducing the significance of trade timing as a discretionary signal.

What do the tax withholding entries mean in the Snowflake (SNOW) Form 4?

The Form 4 shows three transactions coded “F” totaling 2,637 shares withheld at $180.48 per share. A footnote explains these shares were withheld solely to satisfy tax obligations from restricted stock unit vesting, meaning they are not open-market sales or discretionary trading decisions.

How significant is Benoit Dageville’s Snowflake (SNOW) share sale compared to his holdings?

Dageville sold 4,183 shares while retaining 57,124 shares directly, plus substantial trust-related positions, including 750,000 and 3,001,555-share blocks. This indicates the sale represents a relatively small portion of his overall economic exposure to Snowflake reported in the filing.

What trusts related to Snowflake (SNOW) shares are mentioned in Benoit Dageville’s Form 4?

The filing notes shares held by The Selene GRAT No. 1 and The Snow Trust UTA, where Dageville is a trustee, and The Thira GRAT No. 1, where his spouse is trustee. He expressly disclaims beneficial ownership of the Thira GRAT shares despite their appearance in the holdings table.