[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Benoit Dageville, Snowflake Inc. director and President of Products, reported transactions on 08/28/2025 and 08/29/2025 under a 10b5-1 plan. He exercised 6,250 stock options at an exercise price of $13.48 and immediately sold 6,250 shares at $220.11, while gifting 3,750 shares on 08/29/2025. The filing shows 342,927 stock options remain registered as derivative holdings (fully vested) and indicates indirect ownership interests totaling 3,154,055 shares via trusts plus two separate trust holdings of 750,000 shares each. Transactions were executed pursuant to a 10b5-1 plan adopted March 28, 2025.

Positive

• Exercise and sale under 10b5-1 plan demonstrates pre-planned execution which reduces concerns about opportunistic timing.
• Significant retained indirect holdings (trusts holding millions of shares) indicate continued long-term economic exposure to the company.

Negative

• Insider sold shares (6,250 shares at $220.11), which is a material monetization event investors may scrutinize.
• Gift of 3,750 shares transfers ownership out of direct control, which may reduce the reporting person’s direct share stake.

Insights

Financial Analyst

TL;DR: Insider exercised low-cost options and sold shares at a substantial premium, realizing a large gain while retaining significant indirect holdings via trusts.

The reporting shows an exercise of 6,250 options at $13.48 with an immediate sale at $220.11, indicating the insider monetized a material spread per share. The filing also discloses continued significant indirect exposure: combined trust holdings exceeding 3.75 million shares when including the two 750,000-share trusts and the disclosed 3,154,055 indirect holdings. Execution under a 10b5-1 plan reduces questions about timing, but the sale is still material for shareholder monitoring of insider liquidity and alignment.

Corporate Governance Expert

TL;DR: Transactions follow a pre-established 10b5-1 plan and include a gift to a trust, suggesting estate or planning activity rather than ad-hoc trading.

The filing explicitly states the trades were effected under a 10b5-1 plan adopted March 28, 2025, and shows a gift of 3,750 shares along with trust-held blocks for which the reporting person is trustee or disclaims beneficial ownership in one case. From a governance standpoint, use of a formal trading plan and the mix of sale, exercise, and gift are consistent with planned liquidity and estate management. No amendment or exception language is provided.

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.

106 EAST BABCOCK STREET, SUITE 3A

(Street)

BOZEMAN MT 59715

(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)
	President of Products

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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	08/28/2025		M(1)		6,250	A	$13.48	64,575(2)	D
Common Stock	08/28/2025		S(1)		6,250	D	$220.11	58,325(2)	D
Common Stock	08/29/2025		G(1)		3,750	D	$0	3,154,055	I	Trust(3)
Common Stock								750,000	I	Trust(4)
Common Stock								750,000	I	Trust(5)

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
Stock Option (Right to Buy)	$13.48	08/28/2025		M(1)			6,250	(6)	12/10/2029	Common Stock	6,250	$0	342,927	D

Explanation of Responses:

1. The exercise, sale, and gift were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 28, 2025.

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

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

4. 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.

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

6. The stock option is fully vested.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	08/29/2025
	** 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

Who filed the Form 4 for SNOW and what is their role?

The Form 4 was filed by Benoit Dageville, who is a director and the President of Products at Snowflake Inc.

What transactions did the insider report for SNOW on 08/28/2025?

On 08/28/2025 the insider exercised 6,250 options at $13.48 (code M) and sold 6,250 shares at $220.11 (code S) under a 10b5-1 plan.

Were any shares gifted or transferred in this filing?

Yes. On 08/29/2025 the filing shows a gift (code G) of 3,750 shares and other trust transfers resulting in indirect holdings disclosed.

How many stock options or derivative securities remain reported after the transactions?

The filing reports 342,927 stock options (derivative securities) beneficially owned following the transactions; the exercised option lot of 6,250 was fully vested.

Were the trades executed under a trading plan?

Yes. The exercise, sale, and gift were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on March 28, 2025.