[Form 4] Snowflake Inc. Insider Trading Activity

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).

Insights

Securities Analyst

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.

Corporate Governance Expert

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.

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

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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)
08/07/2025

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	08/07/2025		M(1)		25,000	A	$13.48	83,325(2)	D
Common Stock	08/07/2025		S(1)		25,000	D	$215	58,325(2)	D
Common Stock	08/07/2025		G(1)		5,625	D	$0	3,163,430	I	Trust(3)
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
Stock Option (Right to Buy)	$13.48	08/07/2025		M			25,000	(6)	12/10/2029	Common Stock	25,000	$0	367,927	D

Explanation of Responses:

1. The exercise, sale, and gift were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 28, 2025.

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

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

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 stock option is fully vested.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	08/11/2025
	** 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 did Dageville Benoit report on Form 4 for SNOW?

The Form 4 reports an exercise of 25,000 options at $13.48, a sale of 25,000 shares at $215.00, and a gift of 5,625 shares, all dated 08/07/2025.

Were these trades part of a prearranged trading plan?

Yes. The filing states the exercise, sale, and gift were effected pursuant to a 10b5-1 trading plan adopted March 28, 2025.

How many derivative or option holdings are reported after the transactions?

The Form 4 lists 367,927 derivative securities/underlying shares as beneficially owned following the reported transactions.

What trusts are disclosed in the Form 4?

The filing names The Snow Trust UTA dated 9/10/19 (reporting person is trustee) and two GRATs dated 3/13/2025 (The Thira GRAT No. 1 where the reporting person disclaims beneficial ownership and The Selene GRAT No. 1 where the reporting person is trustee).

How many shares were gifted according to the filing?

The Form 4 reports a gift of 5,625 common shares on 08/07/2025.