[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snowflake insider transaction: Benoit Dageville, Snowflake Inc. President of Products and a director, sold 869 shares of Common Stock on 09/23/2025 at $230.48 per share under a 10b5-1 trading plan adopted March 28, 2025. After this reported sale, Mr. Dageville directly owns 50,519 shares, which includes shares to be issued upon RSU vesting. He also has indirect holdings as trustee or through trusts: 750,000 shares in The Thira GRAT No.1 (held by spouse as trustee, disclaimed), 3,089,055 shares in The Snow Trust UTA (he is trustee), and 750,000 shares in The Selene GRAT No.1 (he is trustee). The Form 4 was signed by an attorney-in-fact on 09/24/2025.

Positive

• None.

Negative

• Reported sale of 869 shares on 09/23/2025 at $230.48 under a 10b5-1 plan

Insights

Financial Analyst

TL;DR: Insider sale was small relative to total beneficial holdings and executed under a pre-established 10b5-1 plan.

The reported disposition of 869 shares at $230.48 appears to be a routine sale under a March 28, 2025 10b5-1 plan rather than an opportunistic, unscheduled trade. Post-transaction direct beneficial ownership is reported at 50,519 shares, with significant indirect holdings through trusts totaling 4,589,055 shares. From a capital-markets perspective, the size of the sale is immaterial relative to the aggregate indirect holdings disclosed, suggesting limited immediate impact on Snowflake's equity supply or investor perception.

Corporate Governance Expert

TL;DR: Disclosure follows standard Section 16 reporting conventions and notes trust arrangements and disclaimed interests.

The filing clearly identifies the reporting person's roles, the use of a 10b5-1 trading plan, and the nature of indirect holdings including disclaimers where appropriate (spouse as trustee for The Thira GRAT). The separate reporting of direct and indirect holdings and the explanation about RSU vesting align with good disclosure practice. No departures from standard reporting protocols are evident in the document.

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).

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)
09/23/2025

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	09/23/2025		S(1)		869	D	$230.48	50,519(2)	D
Common Stock								750,000	I	Trust(3)
Common Stock								3,089,055	I	Trust(4)
Common Stock								750,000	I	Trust(5)

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

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

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 Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.

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

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	09/24/2025
	** 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 did Benoit Dageville report on the Form 4 for SNOW?

He reported a sale of 869 shares on 09/23/2025 at $230.48 and disclosed direct and indirect holdings in trusts.

How many shares does Benoit Dageville beneficially own after the reported transaction?

50,519 shares directly plus indirect holdings of 750,000, 3,089,055, and 750,000 in three named trusts.

Was the sale executed under a trading plan?

Yes. The sale was effected pursuant to a 10b5-1 trading plan adopted March 28, 2025.

Who signed the Form 4 for the reporting person?

Marie Reider, Attorney-in-Fact signed the filing on 09/24/2025.

Are any shares disclaimed by the reporting person?

Yes. Shares held in The Thira GRAT No.1 are disclaimed by the reporting person because the spouse is the trustee.