Snowflake (SNOW) founder shifts 1.57M shares via family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. founder and Chief Architect Benoit Dageville reported a series of indirect bona fide gifts of Common Stock on April 7, 2026, involving family trusts and grantor retained annuity trusts. The filing shows gift transfers totaling 1,567,652 shares of Snowflake Common Stock, all for no consideration, meaning no cash changed hands.
The transactions reallocate shares among entities including The Thira GRAT No. 1 and No. 2, The Selene GRAT No. 1 and No. 2, and The Snow Trust UTA dated 9/10/19. One entry shows The Snow Trust UTA holding 3,001,555 shares after a transfer, while a separate holding entry lists 65,742 shares held directly by the reporting person. These are non-market, estate-planning-type movements rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,567,652 shares gifted
Mixed
6 txns
Insider
Dageville Benoit
Role
Founder and Chief Architect
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 391,913 | $0.00 | -- |
| Gift | Common Stock | 391,913 | $0.00 | -- |
| Gift | Common Stock | 783,826 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 358,087 shares (Indirect, Trust);
Common Stock — 65,742 shares (Direct)
Footnotes (1)
- On April 7, 2026, The Thira GRAT No. 1 dated 3/13/2025 transferred 391,913 shares to The Snow Trust UTA dated 9/10/19 for no consideration. 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. On April 7, 2026, The Selene GRAT No. 1 dated 3/13/2025 transferred 391,913 shares to The Snow Trust UTA dated 9/10/19 for no consideration. The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee. On April 7, 2026, The Snow Trust UTA dated 9/10/19 transferred 391,913 shares to each of The Selene GRAT No. 2 dated 3/13/2025 and The Thira GRAT No. 2 dated 3/13/2025 for no consideration. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee. 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 The shares are held by The Selene GRAT No. 2 dated 3/13/2025 for which the Reporting Person is the trustee. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
Key Figures
Total shares gifted: 1,567,652 shares
Gift transaction 1: 391,913 shares
Gift transaction 2: 391,913 shares
+3 more
6 metrics
Total shares gifted
1,567,652 shares
Bona fide gifts on April 7, 2026
Gift transaction 1
391,913 shares
Transfer from The Thira GRAT No. 1 to The Snow Trust UTA
Gift transaction 2
391,913 shares
Transfer from The Selene GRAT No. 1 to The Snow Trust UTA
Gift transaction 3
783,826 shares
Transfer involving The Snow Trust UTA and successor GRATs
Snow Trust UTA holding
3,001,555 shares
Indirect shares held by The Snow Trust UTA after a transfer
Direct holding
65,742 shares
Shares held directly by reporting person after transactions
Key Terms
bona fide gift, GRAT, grantor retained annuity trust, beneficial ownership, +1 more
5 terms
bona fide gift financial
"transaction code description is "Bona fide gift" for the share transfers"
GRAT financial
"Footnotes reference The Thira GRAT No. 1 and The Selene GRAT No. 1"
grantor retained annuity trust financial
"Entities labeled as GRATs are grantor retained annuity trusts holding Snowflake shares"
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.
beneficial ownership financial
"Footnotes state the Reporting Person disclaims beneficial ownership of certain 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.
restricted stock units financial
"One footnote notes shares include those to be issued upon vesting of 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.
FAQ
What insider transaction did Snowflake (SNOW) founder Benoit Dageville report?
Benoit Dageville reported indirect bona fide gifts of Snowflake Common Stock. On April 7, 2026, entities associated with him, including GRATs and The Snow Trust UTA, transferred a total of 1,567,652 shares among trusts for no consideration, reflecting estate-planning movements.
Does Benoit Dageville retain Snowflake (SNOW) holdings after these gifts?
Yes, the filing shows significant remaining holdings after the gifts. One indirect entry lists 3,001,555 shares held by The Snow Trust UTA dated 9/10/19, and a separate direct holding entry reports 65,742 shares owned directly by the reporting person following the transactions.