Snowflake (SNOW) founder sells 1,919 shares under 10b5-1 trading plan

Rhea-AI Filing Summary

Snowflake Inc. founder and Chief Architect Benoit Dageville reported an open-market sale of 1,919 shares of Common Stock at $175.34 per share on March 17, 2026. The filing notes that this sale was effected under a pre-arranged Rule 10b5-1 trading plan adopted on March 28, 2025.

On March 16, 2026, 1,007 shares and 936 shares were withheld at $178.66 per share to satisfy tax obligations on the vesting of restricted stock units, which is not an open-market sale. After these transactions, Dageville held 53,262 shares directly. Additional shares are held indirectly through trusts, including The Selene GRAT No. 1 and The Snow Trust UTA, while a separate 750,000-share Thira GRAT is held by his spouse, for which he disclaims beneficial ownership.

Insights

Equity compensation and insider-transactions analyst

Small pre-planned sale and routine tax withholding; overall position remains large.

Benoit Dageville executed an open-market sale of 1,919 Snowflake shares at $175.34 per share on March 17, 2026. The filing specifies this was under a Rule 10b5-1 trading plan adopted on March 28, 2025, indicating the trade was pre-scheduled rather than opportunistic.

Two additional entries on March 16, 2026 show 1,007 and 936 shares withheld at $178.66 per share to cover tax obligations tied to restricted stock unit vesting. Such F-code tax-withholding dispositions are mechanical and not open-market sales, so they carry little informational value about sentiment.

After these moves, Dageville still holds 53,262 shares directly, plus substantial indirect holdings through trusts, including Selene GRAT No. 1 and Snow Trust UTA, while he disclaims beneficial ownership of 750,000 shares in the Thira GRAT held by his spouse. Relative to his visible direct and trust-related positions, the 1,919-share sale is small and appears as routine portfolio management under a pre-planned arrangement.

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
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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.

135 CONSTITUTION DRIVE

(Street)

MENLO PARK CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Founder and Chief Architect

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common Stock	03/16/2026		F(1)		1,007	D	$178.66	56,117(2)	D
Common Stock	03/16/2026		F(1)		936	D	$178.66	55,181(2)	D
Common Stock	03/17/2026		S(3)		1,919	D	$175.34	53,262(2)	D
Common Stock								750,000	I	Trust(4)
Common Stock								750,000	I	Trust(5)
Common Stock								3,001,555	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 sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 28, 2025.

4. The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee.

5. 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.

6. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	03/18/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Snowflake (SNOW) report for Benoit Dageville?

Snowflake reported that founder and Chief Architect Benoit Dageville sold 1,919 shares of Common Stock at $175.34 per share. The sale occurred on March 17, 2026 and was disclosed on Form 4 as an open-market transaction executed under a pre-arranged Rule 10b5-1 trading plan.

Was Benoit Dageville’s Snowflake (SNOW) share sale part of a 10b5-1 plan?

Yes, the 1,919-share sale was executed pursuant to a Rule 10b5-1 trading plan. A footnote explains the plan was adopted on March 28, 2025, meaning the trade was scheduled in advance rather than timed discretionarily around short-term market movements.

How many Snowflake (SNOW) shares did Benoit Dageville hold after the reported transactions?

After the reported transactions, Benoit Dageville held 53,262 Snowflake shares directly. The Form 4 also lists substantial indirect holdings through several trusts, including Selene GRAT No. 1 and the Snow Trust UTA, while he disclaims beneficial ownership of shares held in the Thira GRAT managed by his spouse.

What were the tax withholding transactions reported for Snowflake (SNOW) insider Benoit Dageville?

The filing shows two tax withholding dispositions totaling 1,943 shares at $178.66 per share. These F-code entries on March 16, 2026 reflect shares withheld to satisfy tax obligations on the vesting of restricted stock units, not discretionary open-market sales.

Does Benoit Dageville have indirect Snowflake (SNOW) holdings through trusts?

Yes, the Form 4 discloses indirect Snowflake share holdings through multiple trusts. These include The Selene GRAT No. 1 and The Snow Trust UTA where he serves as trustee, and The Thira GRAT No. 1 held by his spouse, for which he explicitly disclaims beneficial ownership of the shares.

How significant is Benoit Dageville’s 1,919-share Snowflake (SNOW) sale compared with his overall position?

The 1,919-share sale is small relative to Benoit Dageville’s remaining stake. He continues to hold 53,262 shares directly plus large indirect trust-related positions, so the transaction represents a modest reduction in exposure rather than a major change in ownership.