Snowflake director’s trust sells 50,000 shares at $309.44
Snowflake Inc. (SNOW) director Benoit Dageville reported indirect transactions in common stock on August 26, 2026.
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Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. (SNOW) director Benoit Dageville reported indirect transactions in common stock on August 26, 2026. A trust for which he is trustee, The Snow Trust UTA dated 9/10/19, sold 50,000 shares at $309.44 per share and made a bona fide gift of 16,668 shares. These were effected under a Rule 10b5-1 trading plan adopted on April 3, 2026. Dageville also reports 180,958 shares held directly, including shares to be issued upon vesting of restricted stock units, and several GRAT and spouse trusts, with beneficial ownership expressly disclaimed for two spouse trusts.
Insider Trade Summary 10b5-1
Net Seller: 50,000 shares
Net Sell
7 txns
Insider
Dageville Benoit
Role
Director
Sold
50,000 shs ($15.47M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 50,000 | $309.44 | $15.47M |
| Gift | Common Stock F1, F2 | 16,668 | $0.00 | $0.00 |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,168,215 shares (Indirect, Trust);
Common Stock — 180,958 shares (Direct)
Footnotes (7)
- F1. The sale and gift reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on April 3, 2026.
- F2. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.
- F3. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F4. The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee.
- F5. 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.
- F6. The shares are held by The Selene GRAT No. 2 dated 3/13/2025 for which the Reporting Person is the trustee.
- F7. The shares are held by The Thira GRAT No. 2 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
Key Figures
Shares sold: 50,000 shares of Common Stock
Sale price per share: $309.44 per share
Gifted shares: 16,668 shares of Common Stock
+3 more
6 metrics
Shares sold
50,000 shares of Common Stock
Indirect sale by The Snow Trust UTA on August 26, 2026
Sale price per share
$309.44 per share
Price for 50,000-share sale on August 26, 2026
Gifted shares
16,668 shares of Common Stock
Bona fide gift by The Snow Trust UTA on August 26, 2026
Direct holdings after transactions
180,958 shares of Common Stock
Direct position reported, including shares from RSU vesting
Net buy/sell shares
-50,000 shares
Net of reported buy/sell activity in this Form 4
10b5-1 plan adoption date
April 3, 2026
Date Benoit Dageville adopted the Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, bona fide gift, grantor retained annuity trust, restricted stock units, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
grantor retained annuity trust financial
"The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
restricted stock units financial
"Includes shares to be issued in connection with the vesting of one or more restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
beneficial ownership financial
"disclaims beneficial ownership of these shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SNOW director Benoit Dageville report on this Form 4?
He reported that a trust associated with him sold 50,000 shares of Snowflake Inc. common stock at $309.44 per share and made a bona fide gift of 16,668 shares on August 26, 2026, plus updated his reported direct and indirect holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
