[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) – Form 4 insider filing.

President of Products and Director Benoit Dageville reported a gift of 7,500 common shares on 30 June 2025 under a Rule 10b5-1 plan. The transfer, recorded at $0.00, moved the shares to The Snow Trust, a vehicle where he serves as trustee. Following the transaction, Dageville still beneficially owns roughly 4.74 million SNOW shares (3.18 M in The Snow Trust, 750 k in Thira GRAT, 750 k in Selene GRAT, and 58,325 unvested RSUs), so the disposed amount equals only about 0.16 % of his total holdings.

No open-market sales, purchases, or derivative exercises were reported. Because the change is immaterial to Dageville’s stake and involves no cash proceeds, the event is best viewed as routine estate or tax planning with negligible impact on the company’s share structure or market perception.

Positive

• Executive retains a substantial stake (~4.74 M shares), maintaining alignment with shareholders.

Negative

• Minor reduction (7,500 shares) in insider ownership, though immaterial.

Insights

Securities Analyst

TL;DR: 7,500-share gift; no sale; Dageville still holds ~4.7 M shares; market impact negligible.

The filing shows a small, zero-price transfer to a trust under a 10b5-1 plan. With the executive retaining the vast majority of his position, the move does not signal bearish sentiment or liquidity needs. No derivative activity appears, and there is no influence on Snowflake’s free float or insider ownership concentration of note. I classify the development as routine and non-market-moving.

Corporate Governance Expert

TL;DR: Routine trust gift; estate-planning step; corporate-governance risk unchanged.

The transaction code G indicates a bona fide gift, typically executed for estate or philanthropic purposes. Compliance boxes—Form 4 timing, 10b5-1 reference, attorney-in-fact signature—are all in order, suggesting sound governance practices. Because the executive’s aggregate holdings remain substantial, alignment with shareholder interests is preserved. I see no red or green flags that would alter governance assessments.

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)
06/30/2025

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
Common Stock	06/30/2025		G(1)		7,500	D	$0	3,184,055	I	Trust(2)
Common Stock								750,000	I	Trust(3)
Common Stock								750,000	I	Trust(4)
Common Stock								58,325(5)	D

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. The gift was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 28, 2025.

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

3. 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.

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

5. Includes shares to be issued in connection with the vesting of one or more restricted stock units.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	07/07/2025
	** 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.
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.

FAQ

What type of transaction did SNOW's Benoit Dageville report on 30 June 2025?

He reported a gift (code G) of 7,500 common shares to a trust at $0.00.

How many Snowflake shares does Dageville still own after the transaction?

He beneficially owns about 4.74 million shares through multiple trusts and direct holdings.

Was the transaction an open-market sale of SNOW shares?

No. It was a zero-price gift; no open-market sale occurred.

Was the transaction executed under a Rule 10b5-1 plan?

Yes, the filing states it was effected under a 10b5-1 trading plan adopted on 28 Mar 2025.

Which trusts now hold Dageville’s SNOW shares?

Holdings are in The Snow Trust (3.18 M shares), Thira GRAT No. 1 (750 k), and Selene GRAT No. 1 (750 k).