[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider transactions by Benoit Dageville, President of Products and director at Snowflake Inc. (SNOW). On 10/02/2025 the reporting person exercised 25,000 stock options with an exercise price of $13.48, acquiring 25,000 shares. Immediately the same day he sold 25,000 shares at $234.64 per share and made a separate gift of 7,500 shares. Following these transactions the report shows 75,519 shares held directly and multiple indirect holdings: 3,081,555 shares in trust and two additional trust interests of 750,000 and 750,000 shares respectively, some of which the reporting person disclaims beneficial ownership of.

The filing states these moves were made under a 10b5-1 trading plan adopted on 03/28/2025. The option exercised is fully vested and the sale and gift were effected pursuant to that plan.

Positive

• Option exercise used existing vested grant (25,000 options fully vested) executed under a 10b5-1 plan
• Large realized spread between exercise price $13.48 and sale price $234.64, indicating significant proceeds

Negative

• Substantial share sales (25,000 shares sold) reduce direct ownership to 75,519 shares
• Complex trust holdings (totaling over 4.5M shares) may obscure actual control and future transfer timing

Insights

Insider Transactions Analyst

TL;DR: A vested option exercise followed by an immediate market sale and a gift, executed under a 10b5-1 plan.

The reporting person exercised 25,000 options at an exercise price of $13.48 and sold 25,000 shares at $234.64 on 10/02/2025, realizing a large per-share spread between exercise price and sale price. The filing also reports a gift of 7,500 shares and the existence of significant indirect holdings via multiple trusts totaling over 4.5M shares when combined.

Because the transactions were executed under a 10b5-1 plan adopted on 03/28/2025, this indicates pre-arranged timing rather than ad-hoc trading. Watch for future scheduled plan disclosures or additional Form 4s if further plan-based sales or transfers occur within the next 12 months.

Corporate Governance Specialist

TL;DR: The filing clarifies direct and indirect ownership and documents a trustee relationship and disclaimer for some trust-held shares.

The report shows direct beneficial ownership of 75,519 shares after transactions and indirect holdings including 3,081,555 shares in a trust where the reporting person is trustee, plus two grants/GRAT-related trusts each holding 750,000 shares. One of the GRAT-held 750,000 shares is disclaimed by the reporting person because the spouse is trustee.

These disclosures affect control and related-party visibility. Investors and governance reviewers will note the trustee roles and the disclaimer language; any future changes in trustee status or transfers from those trusts would be material to ownership structure and should be monitored in subsequent filings.

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)
10/02/2025

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	10/02/2025		M(1)		25,000	A	$13.48	75,519(2)	D
Common Stock	10/02/2025		S(1)		25,000	D	$234.64	50,519(2)	D
Common Stock	10/02/2025		G(1)		7,500	D	$0	3,081,555	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	10/02/2025		M(1)			25,000	(6)	12/10/2029	Common Stock	25,000	$0	267,927	D

Explanation of Responses:

1. The gift, exercise, and sale 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	10/06/2025
	** 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 Benoit Dageville report on Form 4 for SNOW?

The report shows an exercise of 25,000 options at $13.48, a sale of 25,000 shares at $234.64, and a gift of 7,500 shares, all reported on 10/02/2025.

Were these transactions part of a trading plan?

Yes. The transactions were effected pursuant to a 10b5-1 trading plan adopted on 03/28/2025.

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

The filing reports 75,519 shares beneficially owned directly following the transactions, plus significant indirect holdings via trusts.

Are any of the trust-held shares disclaimed?

Yes. The filing disclaims beneficial ownership for 750,000 shares held by a GRAT where the reporting person's spouse is the trustee.

Is the exercised option vested and when does it expire?

The stock option exercised is reported as fully vested; the option has an expiration tied to 12/10/2029 for the underlying award.