Snowflake (SNOW) director Benoit Dageville sells 50,000 shares and gifts 16,668
Rhea-AI Filing Summary
Snowflake Inc. director Benoit Dageville reported two indirect transactions in Common Stock on August 12, 2026. A trust associated with him sold 50,000 shares at $335.70 per share and made a bona fide gift of 16,668 shares, both under a Rule 10b5-1 trading plan adopted on April 3, 2026. Separately, he reports 180,958 shares held directly, which include shares issuable upon vesting of restricted stock units.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 66,668 shares
Net Sell
7 txns
Insider
Dageville Benoit
Role
Director
Sold
50,000 shs ($16.79M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 50,000 | $335.70 | $16.79M |
| Gift | Common Stock F1, F2 | 16,668 | $0.00 | $0.00 |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,234,883 shares (Indirect, Trust);
Common Stock — 180,958 shares (Direct)
Footnotes (7)
- F1. The sale and gift reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on April 3, 2026.
- F2. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.
- F3. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F4. The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee.
- F5. 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.
- F6. The shares are held by The Selene GRAT No. 2 dated 3/13/2025 for which the Reporting Person is the trustee.
- F7. 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
Key Figures
Shares sold: 50,000 shares
Sale price per share: $335.70
Shares gifted: 16,668 shares
+2 more
5 metrics
Shares sold
50,000 shares
Common Stock sold indirectly on August 12, 2026
Sale price per share
$335.70
Price for 50,000-share Common Stock sale on August 12, 2026
Shares gifted
16,668 shares
Bona fide gift of Common Stock on August 12, 2026
Direct holdings after transactions
180,958 shares
Direct Common Stock reported, including shares issuable from RSU vesting
10b5-1 plan adoption date
April 3, 2026
Date Benoit Dageville adopted the Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, bona fide gift, restricted stock units, Grantor Retained Annuity Trust
4 terms
Rule 10b5-1 trading plan regulatory
"The sale and gift ... were effected pursuant to a 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
bona fide gift regulatory
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock units financial
"Includes shares to be issued in connection with the vesting of one or more 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.
Grantor Retained Annuity Trust financial
"The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee."
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.
FAQ
What insider transactions did Snowflake (SNOW) director Benoit Dageville report?
Benoit Dageville reported that a related trust sold 50,000 Snowflake shares at $335.70 and made a bona fide gift of 16,668 shares on August 12, 2026, all under a pre-arranged Rule 10b5-1 trading plan.
Was Benoit Dageville’s Snowflake (SNOW) stock sale under a Rule 10b5-1 plan?
Yes, the reported sale and gift were effected under a Rule 10b5-1 trading plan adopted on April 3, 2026, meaning the transactions followed a pre-established, scheduled trading arrangement.
How are trusts involved in Benoit Dageville’s Snowflake (SNOW) holdings?
Some Snowflake shares are held through The Snow Trust and several GRATs, where Dageville or his spouse serves as trustee. For certain GRATs where his spouse is trustee, he disclaims beneficial ownership of those shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
