Snowflake director sells 50,000 shares in plan trade
Snowflake Inc. director Benoit Dageville reported a pre-planned disposition of Common Stock.
Rhea-AI Filing Summary
Snowflake Inc. director Benoit Dageville reported a pre-planned disposition of Common Stock. On July 29, 2026, a trust associated with him sold 50,000 shares at 280.0000 per share and made a bona fide gift of 16,668 shares, both under a Rule 10b5-1 trading plan adopted on April 3, 2026. After these transactions, he directly holds 180,958 shares, including shares issuable upon vesting of restricted stock units, while additional shares are held through various trusts, some of which he disclaims beneficial ownership.
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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 ($14.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 50,000 | $280.00 | $14.00M |
| 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 — 4,301,551 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: 50,000.0000 shares
Sale price per share: 280.0000 per share
Shares gifted: 16,668.0000 shares
+2 more
5 metrics
Shares sold
50,000.0000 shares
Common Stock sold on July 29, 2026 in an open-market or private transaction
Sale price per share
280.0000 per share
Price for the 50,000-share Common Stock sale on July 29, 2026
Shares gifted
16,668.0000 shares
Bona fide gift of Common Stock by a trust associated with the reporting person
Direct holdings after transaction
180,958.0000 shares
Direct Common Stock holdings following the July 29, 2026 transactions, including RSU vesting shares
10b5-1 plan adoption date
April 3, 2026
Date the Rule 10b5-1 trading plan governing the sale and gift was adopted
Key Terms
Rule 10b5-1 trading plan, bona fide gift, restricted stock units, GRAT
4 terms
Rule 10b5-1 trading plan regulatory
"The sale and gift were effected pursuant to a Rule 10b5-1 trading plan adopted on April 3, 2026"
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 regulatory
"The transaction code G is described as a bona fide gift of Common Stock shares"
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
"Direct holdings include shares to be issued in connection with 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.
GRAT financial
"Several holdings are through Selene and Thira GRATs dated 3/13/2025 with trustee and ownership details"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Benoit Dageville report for Snowflake (SNOW) on July 29, 2026?
Benoit Dageville, a director of Snowflake Inc., reported that a trust associated with him sold 50,000 shares at 280.0000 per share and made a bona fide gift of 16,668 shares on July 29, 2026, all under a Rule 10b5-1 plan.
Did Benoit Dageville’s Snowflake (SNOW) transactions occur under a Rule 10b5-1 plan?
Yes. A footnote states that the reported sale and gift were effected pursuant to a Rule 10b5-1 trading plan adopted by Benoit Dageville on April 3, 2026. This indicates the trades followed a pre-arranged, disclosed plan.
What role do trusts play in Benoit Dageville’s Snowflake (SNOW) holdings?
Several Snowflake share positions are held through trusts, including The Snow Trust UTA dated 9/10/19 and multiple GRATs. For certain GRATs where his spouse is trustee, Dageville disclaims beneficial ownership, stating he has no right to or interest in those shares.
What gift was disclosed in Benoit Dageville’s Snowflake (SNOW) Form 4?
The Form 4 discloses a bona fide gift of 16,668 shares of Snowflake Common Stock by a trust associated with Benoit Dageville on July 29, 2026. The gift, like the sale, was executed pursuant to the same Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
