Snowflake (SNOW) founder logs planned share sale and new RSU grant

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Snowflake Inc. founder and Chief Architect Benoit Dageville reported multiple stock transactions. He sold 874 shares of common stock in an open-market sale at $170.01 per share under a pre-arranged Rule 10b5-1 trading plan.

He also received a grant of 14,239 restricted stock units that will vest quarterly over four years, beginning with 6.25% on June 15, 2026 and on each Quarterly Vest Date thereafter. To cover tax obligations on RSU vesting, 598 and 287 shares were withheld. Following these transactions, he holds 65,742 shares directly, alongside significant indirect holdings through trusts, including one for which he disclaims beneficial ownership.

Insider Trade Summary 10b5-1

Net Seller: 874 shares ($148,589)

Net Sell 7 txns

Insider Dageville Benoit

Role Founder and Chief Architect

Sold 874 shs ($149K)

Type	Security	Shares	Price	Value
Sale	Common Stock	874	$170.01	$149K
Tax Withholding	Common Stock	598	$175.40	$105K
Tax Withholding	Common Stock	287	$175.40	$50K
Grant/Award	Common Stock	14,239	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 65,742 shares (Direct); Common Stock — 750,000 shares (Indirect, Trust)

Footnotes (1)

Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The shares represent restricted stock units, which will vest quarterly over four years with 6.25% vesting on June 15, 2026 and on each Quarterly Vest Date thereafter, subject to the Reporting Person's continuous service through each such vesting date. Quarterly Vest Dates are each of March 15, June 15, September 15, and December 15. 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. The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee. 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. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

03/24/2026 - 08:07 PM

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).

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

CALIFORNIA

94025

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/20/2026		F⁽¹⁾		598	D	$175.4	52,664⁽²⁾	D
Common Stock	03/20/2026		F⁽¹⁾		287	D	$175.4	52,377⁽²⁾	D
Common Stock	03/20/2026		A⁽³⁾		14,239	A	$0	66,616⁽²⁾	D
Common Stock	03/23/2026		S⁽⁴⁾		874	D	$170.01	65,742⁽²⁾	D
Common Stock								750,000	I	Trust⁽⁵⁾
Common Stock								750,000	I	Trust⁽⁶⁾
Common Stock								3,001,555	I	Trust⁽⁷⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 shares represent restricted stock units, which will vest quarterly over four years with 6.25% vesting on June 15, 2026 and on each Quarterly Vest Date thereafter, subject to the Reporting Person's continuous service through each such vesting date. Quarterly Vest Dates are each of March 15, June 15, September 15, and December 15.

4. 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.

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 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.

7. 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	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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

Benoit Dageville reported an open-market sale of 874 Snowflake shares and a grant of 14,239 restricted stock units. He also had 885 shares withheld to cover tax obligations related to RSU vesting, reflecting routine compensation and portfolio-management activity.

At what price did Benoit Dageville sell Snowflake (SNOW) shares?

He sold 874 Snowflake common shares at $170.01 per share in an open-market transaction. The filing notes this sale was executed under a pre-arranged Rule 10b5-1 trading plan, indicating it was scheduled in advance rather than timed opportunistically.

How many Snowflake (SNOW) shares does Benoit Dageville hold after these transactions?

After these transactions, Benoit Dageville directly holds 65,742 Snowflake common shares. The filing also lists additional indirect holdings through several trusts, including one trust whose shares he specifically disclaims as beneficially owned, providing broader context for his overall equity exposure.

What are the terms of Benoit Dageville’s new Snowflake (SNOW) RSU grant?

He received 14,239 restricted stock units that vest quarterly over four years. Vesting begins with 6.25% on June 15, 2026 and continues on each March 15, June 15, September 15, and December 15, subject to his continued service.

Were any Snowflake (SNOW) shares sold to cover Benoit Dageville’s taxes?

Yes. A total of 885 Snowflake shares (598 and 287 shares) were withheld to satisfy tax withholding obligations on vesting RSUs. These F-code transactions are classified as tax-withholding dispositions, not open-market sales reflecting discretionary trading decisions.

Was Benoit Dageville’s Snowflake (SNOW) stock sale under a 10b5-1 plan?

Yes. The filing states the 874-share sale was executed pursuant to a Rule 10b5-1 trading plan adopted on March 28, 2025. Such plans pre-schedule trades, so the timing typically reflects a preset program rather than an ad hoc market call.