Snowflake director sells 50K shares at $335.72
A Snowflake director disclosed a planned trust share sale, a related gift, and share withholding for RSU tax obligations under a Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
Snowflake Inc. (SNOW) director Benoit Dageville reported several dispositions of common stock. On September 9, 2026, a trust for which he serves as trustee sold 50,000 shares at $335.72 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. On September 8, 2026, a total of 787 shares were withheld from his direct holdings at $337.18 per share to satisfy tax withholding obligations on vesting restricted stock units, with remaining holdings including shares to be issued upon future vesting.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 50,000 shares
Net Sell
8 txns
Insider
Dageville Benoit
Role
Director
Sold
50,000 shs ($16.79M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3, F4 | 50,000 | $335.72 | $16.79M |
| Gift | Common Stock F3, F4 | 16,668 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1, F2 | 555 | $337.18 | $187K |
| Tax Withholding | Common Stock F1, F2 | 232 | $337.18 | $78K |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
| holding | Common Stock F8 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 180,171 shares (Direct);
Common Stock — 4,101,547 shares (Indirect, Trust)
Footnotes (8)
- 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 gift and sale reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on April 3, 2026.
- F4. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.
- F5. The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee.
- F6. 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.
- F7. The shares are held by The Selene GRAT No. 2 dated 3/13/2025 for which the Reporting Person is the trustee.
- F8. 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
Trust sale shares: 50,000 shares
Trust sale price: $335.72 per share
Gifted shares: 16,668 shares
+3 more
6 metrics
Trust sale shares
50,000 shares
Common stock sold on September 9, 2026 by a trust for which the director is trustee
Trust sale price
$335.72 per share
Price for 50,000 Snowflake common shares sold on September 9, 2026
Gifted shares
16,668 shares
Bona fide gift from the same trust on September 9, 2026
Shares withheld for taxes
787 shares
Shares withheld on September 8, 2026 to satisfy tax withholding on RSU vesting
Tax withholding price
$337.18 per share
Price used for the 787 shares withheld for tax obligations on September 8, 2026
Rule 10b5-1 plan adoption date
April 3, 2026
Adoption date of the trading plan governing the September 9, 2026 gift and sale
Key Terms
Rule 10b5-1 trading plan, restricted stock units, bona fide gift, grantor retained annuity trust
4 terms
Rule 10b5-1 trading plan regulatory
"The gift and sale reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person 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.
restricted stock units financial
"Represents shares withheld to satisfy 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.
bona fide gift regulatory
"The gift and sale reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on April 3, 2026."
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.
grantor retained annuity trust financial
"The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
FAQ
What insider transactions did Snowflake (SNOW) director Benoit Dageville report?
He reported a trust sale of 50,000 Snowflake shares, a gift of 16,668 shares from the same trust on September 9, 2026, and withholding of 787 shares on September 8, 2026 to cover tax obligations on vesting restricted stock units.
Were Benoit Dageville’s Snowflake (SNOW) transactions made under a Rule 10b5-1 plan?
Yes. A footnote states that the gift and sale on September 9, 2026 were effected pursuant to a Rule 10b5-1 trading plan adopted on April 3, 2026 by Benoit Dageville.
How are trusts and GRATs involved in Benoit Dageville’s Snowflake (SNOW) holdings?
Certain Snowflake shares are held by The Snow Trust UTA dated 9/10/19 and several grantor retained annuity trusts. For two Thira GRATs, a footnote states his spouse is trustee and that he has no right to or interest in those shares and disclaims beneficial ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
