Snowflake Executive's Stock Sale Part of Planned Trading Strategy

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Snowflake (SNOW) President of Products and Director Benoit Dageville reported multiple transactions in Class A Common Stock on June 20-23, 2025:

June 20: Disposed of 888 shares (600 + 288) at $212.08 per share through tax withholding on RSU vesting
June 23: Sold 870 shares (588 + 282) at $209.87 per share via a 10b5-1 trading plan

Following these transactions, Dageville holds 58,325 shares directly and maintains indirect ownership through three trusts:

750,000 shares in Thira GRAT No. 1 (spouse as trustee)
750,000 shares in Selene GRAT No. 1 (self as trustee)
3,191,555 shares in The Snow Trust (self as trustee)

Total indirect beneficial ownership stands at 4,691,555 shares through trust arrangements. The transactions were partially executed under a pre-established 10b5-1 trading plan from March 29, 2024.

Positive

Benoit Dageville maintains significant insider ownership with over 4.7M shares through various trusts, demonstrating strong alignment with shareholders
The insider sales were executed under a pre-planned 10b5-1 trading plan established in March 2024, indicating compliance with insider trading regulations

Negative

The President of Products sold a total of 870 shares at $209.87 per share on June 23, 2025
Additional 888 shares were disposed of through tax withholding at $212.08 per share on June 20, 2025

Insider Trade Summary

Net Seller: 870 shares ($182,587)

Net Sell 7 txns

Insider Dageville Benoit

Role President of Products

Sold 870 shs ($183K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	588	$209.87	$123K
Sale	Class A Common Stock	282	$209.87	$59K
Tax Withholding	Class A Common Stock	600	$212.08	$127K
Tax Withholding	Class A Common Stock	288	$212.08	$61K
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 58,607 shares (Direct); Class A Common Stock — 750,000 shares (Indirect, Trust)

Footnotes (1)

Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The sales were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 29, 2024. 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. The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.

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Form 4 Insider Transactions: What Each Field Means →

06/24/2025 - 05:50 PM

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).

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

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)
06/20/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/20/2025		F⁽¹⁾		600	D	$212.08	59,483⁽²⁾	D
Class A Common Stock	06/20/2025		F⁽¹⁾		288	D	$212.08	59,195⁽²⁾	D
Class A Common Stock	06/23/2025		S⁽³⁾		588	D	$209.87	58,607⁽²⁾	D
Class A Common Stock	06/23/2025		S⁽³⁾		282	D	$209.87	58,325⁽²⁾	D
Class A Common Stock								750,000	I	Trust⁽⁴⁾
Class A Common Stock								750,000	I	Trust⁽⁵⁾
Class A Common Stock								3,191,555	I	Trust⁽⁶⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.

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

3. The sales were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 29, 2024.

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

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	06/24/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many SNOW shares did Benoit Dageville sell on June 23, 2025?

Benoit Dageville sold a total of 870 shares of Class A Common Stock on June 23, 2025, split into two transactions of 588 shares and 282 shares, both at a price of $209.87 per share.

What positions does Benoit Dageville hold at Snowflake (SNOW)?

According to the Form 4 filing, Benoit Dageville serves as both a Director and an Officer (specifically President of Products) at Snowflake Inc.

How many SNOW shares does Benoit Dageville indirectly own through trusts?

Benoit Dageville indirectly owns a total of 4,691,555 shares through three trusts: 750,000 shares in The Thira GRAT No. 1, 750,000 shares in The Selene GRAT No. 1, and 3,191,555 shares in The Snow Trust UTA.

Was SNOW insider Benoit Dageville's stock sale on June 23, 2025 part of a planned transaction?

Yes, according to the filing's explanatory notes, the sales were executed pursuant to a Rule 10b5-1 trading plan that was adopted by Dageville on March 29, 2024.

How many SNOW shares were withheld for tax purposes from Dageville's RSU vesting?

A total of 888 shares were withheld for tax withholding obligations on June 20, 2025, consisting of two transactions: 600 shares and 288 shares, both at a price of $212.08 per share.