[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 overview – Snowflake Inc. (SNOW)

The filing reports routine insider activity by co-founder, Director and President of Products Benoit Dageville on 16-17 Jun 2025.

• Shares withheld for taxes: 1,011 and 940 Class A shares were automatically withheld on 16 Jun at an average price of $208.18 upon RSU vesting.
• Open-market sales under 10b5-1 plan: 921 and 991 shares were sold on 17 Jun at $208 per share, generating about $0.4 million in gross proceeds. The plan was adopted 29 Mar 2024.
• Post-transaction ownership: Direct holdings decline to 60,083 Class A shares. Indirect holdings remain substantial—3,191,555 shares in The Snow Trust and two GRATs totaling 1.5 million shares—bringing total beneficial ownership to roughly 4.75 million shares.

No derivative securities were reported. The transactions represent less than 0.2 % of Mr. Dageville’s total beneficial stake and do not change Snowflake’s capital structure.

Insights

Financial Analyst

TL;DR: Small, pre-planned insider sale; negligible impact on SNOW valuation or float.

The director’s disposal of ≈1,912 shares is immaterial against his 4.75 million-share stake and Snowflake’s 333 million share float. Because the trades were executed under a previously adopted 10b5-1 plan and coincide with RSU tax withholding, they do not send a clear negative signal on future prospects. Volume and value are far below thresholds that usually affect liquidity or sentiment. I view the disclosure as routine housekeeping with no earnings or strategic implication.

Corporate Governance Expert

TL;DR: Governance-compliant 10b5-1 sale; modest optics risk but acceptable.

The filing demonstrates adherence to Rule 10b5-1 safeguards and transparent tax-withholding mechanics. Dageville retains a dominant long-term position, aligning his incentives with other shareholders. While any insider sale may raise eyebrows, the percentage sold is de-minimis and unlikely to trigger governance concerns. No red flags on control or ownership concentration emerge.

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).

X

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 MT 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)
06/16/2025

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/16/2025		F(1)		1,011	D	$208.18	62,935(2)	D
Class A Common Stock	06/16/2025		F(1)		940	D	$208.18	61,995(2)	D
Class A Common Stock	06/17/2025		S(3)		921	D	$208	61,074(2)	D
Class A Common Stock	06/17/2025		S(3)		991	D	$208	60,083(2)	D
Class A Common Stock								3,191,555	I	Trust(4)
Class A Common Stock								750,000	I	Trust(5)
Class A Common Stock								750,000	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.

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 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.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	06/18/2025
	** 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.
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