Snowflake director exercises options, sells shares
Snowflake Inc. director Benoit Dageville reported a mix of option exercises, share sales, and a gift of stock.
Rhea-AI Filing Summary
Snowflake Inc. director Benoit Dageville reported a mix of option exercises, share sales, and a gift of stock. On July 2, 2026, he exercised stock options to acquire a total of 256,035 shares of common stock at an exercise price of $0.74 per share. Trusts associated with him sold 50,000 shares, and he sold 140,819 shares held directly at $254.64 per share in open-market transactions, while a trust made a bona fide gift of 16,668 shares. All exercises, sales, and the gift were effected under a pre-arranged Rule 10b5-1 trading plan adopted on April 3, 2026. Following these transactions, he continues to hold a significant equity position, including 180,958 shares of Snowflake common stock held directly as reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Dageville Benoit
Role
Director
Sold
190,819 shs ($48.59M)
Approx. gross sale proceeds
$48.59M
Approx. exercise cost
$189K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 135,134 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) | 120,901 | $0.00 | $0.00 |
| Exercise | Common Stock | 135,134 | $0.74 | $100K |
| Exercise | Common Stock | 120,901 | $0.74 | $89K |
| Sale | Common Stock | 140,819 | $254.64 | $35.86M |
| Sale | Common Stock | 50,000 | $254.64 | $12.73M |
| Gift | Common Stock | 16,668 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 256,035 contracts (Direct);
Common Stock — 180,958 shares (Direct);
Common Stock — 4,434,887 shares (Indirect, Trust)
Footnotes (8)
- F1. The exercises, sales, 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. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.
- 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
- F8. The stock option is fully vested.
Key Figures
Options exercised: 256,035 shares
Exercise price: $0.74 per share
Shares sold (total): 190,819 shares
+5 more
8 metrics
Options exercised
256,035 shares
Common stock acquired via option exercises on July 2, 2026
Exercise price
$0.74 per share
Stock options exercised into common stock
Shares sold (total)
190,819 shares
Open-market or private sales of common stock on July 2, 2026
Sale price
$254.64 per share
Price for reported Snowflake common stock sales
Gifted shares
16,668 shares
Bona fide gift of Snowflake common stock by a trust
Direct holdings after sale
180,958 shares
Snowflake common stock held directly after one reported sale
Remaining options
256,035 options
Stock options (right to buy) outstanding after one exercise line
10b5-1 plan adoption date
April 3, 2026
Date Benoit Dageville adopted the trading plan governing these trades
Key Terms
Rule 10b5-1 trading plan, bona fide gift, Stock Option (Right to Buy), restricted stock units, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The exercises, sales, and gift reported in this Form 4 were effected pursuant to a 10b5-1 trading plan"
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.
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
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 shares are held by The Selene GRAT No. 1 dated 3/13/2025"
disclaims beneficial ownership regulatory
"The Reporting Person has no right to or interest in these shares and disclaims beneficial ownership of these shares"
FAQ
What insider transactions did Benoit Dageville report for Snowflake (SNOW)?
Benoit Dageville reported exercising stock options for 256,035 Snowflake shares, selling 190,819 shares in open-market transactions, and a trust associated with him made a bona fide gift of 16,668 shares. These actions were all recorded on July 2, 2026 under a pre-arranged plan.
Were Benoit Dageville’s Snowflake (SNOW) transactions under a Rule 10b5-1 plan?
Yes. A footnote explains the option exercises, share sales, and stock gift were executed under a Rule 10b5-1 trading plan adopted on April 3, 2026. Such plans pre-schedule trades, making the timing more routine and less indicative of short-term outlook.
What do the trust and GRAT references mean in Benoit Dageville’s Snowflake (SNOW) filing?
Footnotes state that several Snowflake share blocks are held by trusts and GRATs for which Benoit Dageville or his spouse serves as trustee. For some GRATs held by his spouse, he disclaims beneficial ownership and notes he has no right to or interest in those shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
