[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Benoit Dageville, President of Products and a director at Snowflake Inc. (SNOW), reported multiple transactions in common stock on September 20 and 22, 2025. On 09/20/2025 he disposed of 50,000 shares (reported with a $0 price). On 09/22/2025 a total of 889 shares were disposed to satisfy tax withholding on vested restricted stock units at a reported price of $230.48 per share (601 and 288 shares). Following the reported transactions, the filing shows 3,089,055 shares beneficially owned indirectly via The Snow Trust UTA, plus reported direct beneficial share counts of 51,676 and 51,388 associated with vesting shares. The filing also discloses two 750,000-share listings held in trusts, one of which the reporting person disclaims beneficial ownership for.

Positive

• Significant indirect ownership remains with 3,089,055 shares held in The Snow Trust UTA
• Disclosure of trust arrangements and a disclaimer for the Thira GRAT increase transparency

Negative

• Disposition of 50,000 shares on 09/20/2025 (reported at $0) reduced beneficial holdings
• 889 shares were withheld to satisfy tax obligations on vested restricted stock units, reducing direct share counts

Insights

Corporate Governance Expert

TL;DR: Routine insider dispositions and tax-withholdings; large indirect ownership remains concentrated in trust structures.

The Form 4 documents a gift or other $0 disposition of 50,000 shares on 09/20/2025 and tax-withholding dispositions of 601 and 288 shares at $230.48 on 09/22/2025. The reporting person retains significant indirect ownership through The Snow Trust UTA (3,089,055 shares). Two additional 750,000-share trust holdings are disclosed, with an explicit disclaimer of beneficial ownership for the Thira GRAT held by the spouse. These filings are consistent with routine executive equity management and estate/trust arrangements, and they raise standard governance considerations about related-party trusts and disclosure clarity.

Securities Analyst

TL;DR: Transactions are small relative to disclosed indirect stake; no immediate material impact on capitalization indicated.

The combined dispositions (50,000 shares plus 889 shares withheld for taxes) represent a modest change against an indicated indirect stake of 3,089,055 shares and two 750,000-share trust holdings. The filing shows the tax-withholding price at $230.48 per share. There is no derivative activity reported. From a market-materiality perspective, these appear to be routine internal-share movements rather than large-scale liquidations or new acquisitions.

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
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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.

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)
09/20/2025

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	09/20/2025		G		50,000	D	$0	3,089,055	I	Trust(1)
Common Stock	09/22/2025		F(2)		601	D	$230.48	51,676(3)	D
Common Stock	09/22/2025		F(2)		288	D	$230.48	51,388(3)	D
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

Explanation of Responses:

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

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

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

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.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	09/23/2025
	** 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

What transactions did Benoit Dageville report on Form 4 for SNOW?

The filing reports a 50,000-share disposition on 09/20/2025 (priced $0) and tax-withholding dispositions of 601 and 288 shares on 09/22/2025 at $230.48 per share.

How many SNOW shares does Benoit Dageville beneficially own according to this filing?

The filing discloses 3,089,055 shares beneficially owned indirectly via The Snow Trust UTA and additional reported direct share counts of 51,676 and 51,388 tied to vesting shares.

Are there trust holdings disclosed for Benoit Dageville in the Form 4?

Yes. The filing identifies The Snow Trust UTA holding 3,089,055 shares, The Thira GRAT No. 1 holding 750,000 shares (reporting person disclaims beneficial ownership), and The Selene GRAT No. 1 holding 750,000 shares for which the reporting person is trustee.

Was any derivative security activity reported by the insider?

No derivative securities (options, warrants, convertible securities) are reported in Table II of the Form 4.

What was the price used for the tax-withholding share dispositions?

The tax-withholding dispositions on 09/22/2025 show a reported price of $230.48 per share.