[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) insider filing shows stock withholding and a plan-based sale by Benoit Dageville. The reporting person had restricted stock units vest and 1,011 and 939 shares were withheld on 9/15/2025 to satisfy tax obligations at a price of $221.15 per share. On 9/16/2025 the filing reports a sale of 1,912 shares at $221.24 per share executed under a 10b5-1 trading plan adopted March 28, 2025. After these transactions the filing lists 52,277 shares beneficially owned directly and additional indirect holdings of 750,000, 750,000 and 3,146,555 shares held in three trusts, with specific trustee relationships and a disclaimer of beneficial ownership for one trust.

Positive

• Sale executed under a 10b5-1 trading plan, indicating pre-established rules for transactions.
• Tax withholding on RSU vesting was reported, showing shares were surrendered to cover tax obligations.
• Detailed trustee disclosures specify which shares are held indirectly and include a disclaimer for one trust.

Negative

• Direct beneficial ownership decreased to 52,277 shares following withholding and sale transactions.

Insights

Financial Analyst

TL;DR: Insider sales were routine plan-based trades and tax-withholding on vested RSUs, moderately reducing direct holdings.

The Form 4 documents tax-withholding on RSU vesting (1,950 shares withheld across two entries) and a contemporaneous sale of 1,912 shares under a pre-established 10b5-1 plan. The per-share prices (~$221.15–$221.24) indicate transactions executed in close succession. Direct beneficial ownership remains 52,277 shares after the reported transactions, while substantial indirect positions are held in trusts (totaling 4,646,555 shares across three vehicles). For investors, these are disclosure items reflecting personal liquidity and estate planning rather than company operational developments.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting: RSU withholding, trustee arrangements, and 10b5-1 sale are properly reported.

The filing specifies the Reporting Person’s roles (director and President of Products) and lists both direct and indirect holdings with clear trustee notes and a disclaimer for one trust. The sale was executed under a documented 10b5-1 plan adopted March 28, 2025, which supports the affirmative defense language checked on the form. Signature by an attorney-in-fact is included. The record appears compliant with Form 4 requirements and provides relevant ownership transparency.

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)
09/15/2025

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	09/15/2025		F(1)		1,011	D	$221.15	55,128(2)	D
Common Stock	09/15/2025		F(1)		939	D	$221.15	54,189(2)	D
Common Stock	09/16/2025		S(3)		1,912	D	$221.24	52,277(2)	D
Common Stock								750,000	I	Trust(4)
Common Stock								750,000	I	Trust(5)
Common Stock								3,146,555	I	Trust(6)

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. 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 sale was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 28, 2025.

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 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	09/17/2025
	** 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 RSU tax-withholdings of 1,011 and 939 shares on 09/15/2025 and a sale of 1,912 shares on 09/16/2025.

Were the sales by the insider part of a trading plan?

Yes. The sale of 1,912 shares was effected pursuant to a 10b5-1 trading plan adopted on March 28, 2025.

What prices were reported for the withheld and sold shares?

Withheld shares were recorded at $221.15 per share; the sale recorded a price of $221.24 per share.

How many shares does the reporting person beneficially own after these transactions?

The filing shows 52,277 shares owned directly after the transactions and indirect holdings of 750,000, 750,000, and 3,146,555 shares held in trusts.

Does the reporting person disclaim ownership of any trust-held shares?

Yes. The filing states the Reporting Person disclaims beneficial ownership of the 750,000 shares held by The Thira GRAT No. 1 for which the spouse is trustee.