SNOW insider Benoit: 25,000-option exercise, share sale and trust disclosures
Rhea-AI Filing Summary
Dageville Benoit, Snowflake Inc.'s President of Products and a director, reported multiple transactions dated 08/07/2025. The report shows an exercise of 25,000 stock options with a conversion/exercise price of $13.48, a sale of 25,000 common shares at $215.00 per share, and a gift of 5,625 shares. The filing states these actions were effected pursuant to a 10b5-1 trading plan adopted March 28, 2025. Following the report, direct and indirect holdings disclosed include reported direct positions of 83,325 and 58,325 shares in different entries and derivative holdings of 367,927 options/underlying shares. The filing also discloses shares held in trusts, including The Snow Trust UTA and two GRATs (one of which the reporting person disclaims beneficial ownership of).
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider exercised options, sold shares and made a gift under a prearranged 10b5-1 plan; transactions are disclosed and quantify holdings.
The report shows a cashless/private exercise component and a contemporaneous sale: 25,000 options exercised at a $13.48 strike and 25,000 shares sold at $215.00 each on 08/07/2025, consistent with monetizing vested equity. The filing explicitly states these moves were made pursuant to a 10b5-1 plan, which generally limits concerns about opportunistic timing. Reported derivative and direct holdings (e.g., 367,927 derivative units and direct share figures of 83,325 and 58,325) provide clear post-transaction positions for investor monitoring.
TL;DR: Transactions include exercise, sale and gift; trusts and a disclaimer are disclosed, reflecting estate planning and governance transparency.
The filing discloses trusts that hold meaningful positions: The Snow Trust UTA and two GRATs are named, with explicit notes on trusteeship and a disclaimer for one GRAT where the reporting person 's spouse is trustee. The combination of a 10b5-1 plan, documented gifts, and trust disclosures provides governance transparency about indirect holdings and potential estate-planning transfers. All actions are reported with specific share counts in the Form 4 entries.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 25,000 | $0.00 | -- |
| Exercise | Common Stock | 25,000 | $13.48 | $337K |
| Sale | Common Stock | 25,000 | $215.00 | $5.38M |
| Gift | Common Stock | 5,625 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The exercise, sale, and gift were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 28, 2025. Includes shares to be issued in connection with the vesting of one or more restricted stock units. 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. 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 Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee. The stock option is fully vested.
