Snowflake director reports sale of 50,000 shares
Snowflake Inc. director Benoit Dageville reported an open‑market sale of 50,000 shares of common stock at $276.53 per share on July 15, 2026, and a bona fide gift of 16,668 shares.
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Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. director Benoit Dageville reported an open‑market sale of 50,000 shares of common stock at $276.53 per share on July 15, 2026, and a bona fide gift of 16,668 shares. Both transactions were executed indirectly through trusts under a Rule 10b5‑1 trading plan adopted on April 3, 2026. Following these transactions, reported holdings included 2,884,887 shares held indirectly through a trust and 180,958 shares held directly, along with other indirect trust positions; certain GRAT holdings where his spouse is trustee are disclaimed as beneficially owned, and some indirect totals include shares issuable upon vesting of restricted stock units.
Insider Trade Summary 10b5-1
Net Seller: 50,000 shares
Net Sell
7 txns
Insider
Dageville Benoit
Role
Director
Sold
50,000 shs ($13.83M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 50,000 | $276.53 | $13.83M |
| 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 — 4,368,219 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: $276.53 per share
Shares gifted: 16,668 shares
+4 more
7 metrics
Shares sold
50,000 shares
Open-market sale of Snowflake common stock on July 15, 2026
Sale price
$276.53 per share
Price for the 50,000-share open-market sale
Shares gifted
16,668 shares
Bona fide gift of Snowflake common stock on July 15, 2026
Indirect holdings
2,884,887 shares
Indirect Snowflake common stock reported through a trust after transactions
Direct holdings
180,958 shares
Snowflake common stock held directly after transactions
Other trust holdings
391,913 shares
Indirect Snowflake shares held via a trust as of July 15, 2026
Other trust holdings
358,087 shares
Another indirect trust position as of July 15, 2026
Key Terms
Rule 10b5-1 trading plan, bona fide gift, restricted stock units, GRAT, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
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 financial
"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.
GRAT financial
"The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee."
beneficial ownership regulatory
"The Reporting Person has no right to or interest in these shares and disclaims beneficial ownership of these shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Snowflake (SNOW) director Benoit Dageville report on this Form 4?
Benoit Dageville reported an open‑market sale of 50,000 Snowflake common shares and a bona fide gift of 16,668 shares on July 15, 2026. Both were executed indirectly through trusts under a Rule 10b5‑1 trading plan adopted April 3, 2026.
Were Benoit Dageville’s Snowflake (SNOW) sale and gift pre‑planned under a Rule 10b5‑1 plan?
Yes. The filing states the sale and gift were effected pursuant to a Rule 10b5‑1 trading plan adopted by Benoit Dageville on April 3, 2026. Such plans pre‑schedule trades, reducing the significance of transaction timing for signaling purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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