Snowflake director has 791 shares withheld for tax
Snowflake director Benoit Dageville reported 791 shares withheld at vesting to cover tax obligations, plus updated trust-related holdings and disclaimers.
Rhea-AI Filing Summary
Snowflake Inc. director Benoit Dageville reported dispositions of Snowflake common stock related to tax withholding on vested equity awards. On September 21, 2026, a total of 791 shares were delivered or withheld to satisfy tax withholding obligations upon vesting of restricted stock units, in two code F transactions at $332.43 per share. The filing also notes indirect holdings through several trusts, including GRATs and The Snow Trust, with certain trust-held shares explicitly disclaimed as beneficially owned. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 791 shares
Tax Withholding
7 txns
Insider
Dageville Benoit
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 535 | $332.43 | $178K |
| Tax Withholding | Common Stock F1, F2 | 256 | $332.43 | $85K |
| 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 — 177,343 shares (Direct);
Common Stock — 4,001,547 shares (Indirect, Trust)
Footnotes (7)
- F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee.
- F4. 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.
- F5. The shares are held by The Selene GRAT No. 2 dated 3/13/2025 for which the Reporting Person is the trustee.
- F6. 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
- F7. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.
Key Figures
Shares withheld for taxes (first transaction): 535 shares
Shares withheld for taxes (second transaction): 256 shares
Total shares used for tax withholding: 791 shares
+3 more
6 metrics
Shares withheld for taxes (first transaction)
535 shares
Common stock delivered or withheld on September 21, 2026 for tax withholding
Shares withheld for taxes (second transaction)
256 shares
Common stock delivered or withheld on September 21, 2026 for tax withholding
Total shares used for tax withholding
791 shares
Aggregate of two code F transactions related to RSU vesting
Per-share value used for tax withholding
$332.43 per share
Applied to both code F transactions in Snowflake common stock
Number of tax-withholding transactions
2 transactions
Code F, payment of tax liability by delivering or withholding securities
Holding entries via trusts
5 holding lines
Indirect ownership entries for various trusts including GRATs and The Snow Trust
Key Terms
restricted stock units, tax withholding obligations, GRAT, disclaims beneficial ownership
4 terms
restricted stock units financial
"tax withholding obligations on the vesting of 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.
tax withholding obligations financial
"shares withheld to satisfy tax withholding obligations on the vesting"
GRAT financial
"The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting"
disclaims beneficial ownership financial
"The Reporting Person has no right to or interest in these shares and disclaims beneficial ownership"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SNOW director Benoit Dageville report on September 21, 2026?
He reported two code F transactions in Snowflake common stock on September 21, 2026, where an aggregate 791 shares were delivered or withheld to cover tax withholding obligations upon the vesting of restricted stock units.
Were Benoit Dageville’s SNOW transactions made under a Rule 10b5-1 plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, and there is no disclosure that these transactions were made pursuant to a Rule 10b5-1 trading plan.
Do the reported SNOW transactions indicate open-market buying or selling by Benoit Dageville?
No. The transactions are coded F, described as payment of tax liability by delivering or withholding securities upon RSU vesting, and do not reflect open-market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
