Snowflake director gifts 100K shares, 2K withheld
Snowflake director Benoit Dageville disclosed a 100,000-share gift and 2,037 shares withheld for RSU tax obligations.
Rhea-AI Filing Summary
Snowflake Inc. director Benoit Dageville reported indirect and direct dispositions of the company’s common stock. On September 14, 2026, a trust for which he serves as trustee transferred 100,000 shares as a bona fide gift. On September 15, 2026, an additional 2,037 shares were withheld to satisfy tax withholding obligations upon vesting of restricted stock units at $332.35 per share. No Rule 10b5-1 trading plan is reported for these transactions.
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Insights
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Insider Trade Summary
100,000 shares gifted
Gift
8 txns
Insider
Dageville Benoit
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2, F3 | 931 | $332.35 | $309K |
| Tax Withholding | Common Stock F2, F3 | 864 | $332.35 | $287K |
| Tax Withholding | Common Stock F2, F3 | 242 | $332.35 | $80K |
| Gift | Common Stock F1 | 100,000 | $0.00 | $0.00 |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,001,547 shares (Indirect, Trust);
Common Stock — 178,134 shares (Direct)
Footnotes (7)
- F1. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.
- F2. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F3. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- 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
Key Figures
Gifted common shares: 100,000 shares
Shares withheld for tax obligations: 2,037 shares
Per-share value used for tax withholding: $332.35 per share
+2 more
5 metrics
Gifted common shares
100,000 shares
Bona fide gift by a trust on September 14, 2026
Shares withheld for tax obligations
2,037 shares
Shares withheld on September 15, 2026 for RSU tax withholding
Per-share value used for tax withholding
$332.35 per share
Applied to withheld shares on September 15, 2026
Number of tax-withholding transactions
3 transactions
Three separate entries for shares withheld to satisfy tax obligations
Number of gift transactions
1 transaction
Single bona fide gift of common stock reported on September 14, 2026
Key Terms
bona fide gift, restricted stock units, tax withholding obligations, GRAT, +1 more
5 terms
bona fide gift financial
"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.
restricted stock units financial
"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.
tax withholding obligations financial
"tax withholding obligations on the vesting of restricted stock units"
GRAT financial
"The Selene GRAT No. 1 dated 3/13/2025"
disclaims beneficial ownership financial
"The Reporting Person has no right to or interest in these shares and disclaims beneficial ownership of these shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Snowflake (SNOW) director Benoit Dageville report?
He reported a bona fide gift of 100,000 Snowflake common shares on September 14, 2026 through a trust he serves as trustee, and 2,037 shares withheld on September 15, 2026 to cover tax withholding obligations on vesting restricted stock units.
Were Benoit Dageville’s Snowflake (SNOW) transactions under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan covers these reported Snowflake transactions.
What indirect Snowflake (SNOW) holdings or entities are referenced for Benoit Dageville?
The filing references The Snow Trust UTA dated 9/10/19, and several grantor retained annuity trusts (Selene and Thira GRATs) where either Benoit Dageville or his spouse serves as trustee, with some positions where he disclaims beneficial ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
