Snowflake director's trust sells 50,000 shares
The director reported both transactions under a trading plan adopted on April 3, 2026.
Rhea-AI Filing Summary
Snowflake Inc. (SNOW) director Benoit Dageville reported that The Snow Trust, for which he is a trustee, sold 50,000 shares at $339.08 per share and transferred 16,668 shares as a gift on September 23, 2026. Both transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Dageville on April 3, 2026. The report also lists 177,343 directly held common shares, including shares to be issued in connection with the vesting of one or more restricted stock units.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 50,000 shares
Net Sell
7 txns
Insider
Dageville Benoit
Role
Director
Sold
50,000 shs ($16.95M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1, F2 | 16,668 | $0.00 | $0.00 |
| Sale | Common Stock F1, F2 | 50,000 | $339.08 | $16.95M |
| 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 — 3,934,879 shares (Indirect, Trust);
Common Stock — 177,343 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: $339.08 per share
Shares gifted: 16,668 shares
+1 more
4 metrics
Shares sold
50,000 shares
Sale by The Snow Trust on September 23, 2026
Sale price
$339.08 per share
Sale by The Snow Trust on September 23, 2026
Shares gifted
16,668 shares
Bona fide gift by The Snow Trust on September 23, 2026
Direct common shares reported
177,343 shares
Reported after the transactions; includes shares to be issued in connection with vesting of one or more restricted stock units
Key Terms
10b5-1 trading plan, restricted stock units, GRAT
3 terms
10b5-1 trading plan regulatory
"effected pursuant to a 10b5-1 trading plan"
A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
restricted stock units financial
"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.
GRAT financial
"The Selene GRAT No. 1"
FAQ
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