SNOW Form 4: Dageville exercises 25k options, sells 25k shares under 10b5-1
Rhea-AI Filing Summary
Benoit Dageville, President of Products and a director of Snowflake Inc., reported a series of transactions dated 09/18/2025. He exercised 25,000 stock options at an exercise price of $13.48 (code M), sold 25,000 shares at $219.36 (code S), and made a gift of 7,500 shares (code G). The Form 4 states the transactions were effected pursuant to a 10b5-1 trading plan adopted March 28, 2025. The filing lists 77,277 shares beneficially owned following the exercised acquisition entry and 52,277 after the sale entry, and discloses indirect holdings of 750,000 shares each in three trusts, with a disclaimer for one trust where the reporting person has no right or interest.
Positive
- Transactions executed under a documented 10b5-1 trading plan, providing compliance and pre-clearance transparency
- Detailed disclosure of direct and indirect holdings, including trust holdings and an explicit disclaimer for one trust
Negative
- None.
Insights
TL;DR: Routine insider exercise and sale under a 10b5-1 plan; disclosures align with standard equity compensation activity.
The Form 4 documents an option exercise, a contemporaneous sale, and a gift executed on 09/18/2025 under a pre-existing 10b5-1 trading plan. The exercise price of $13.48 contrasts with the $219.36 sale price, indicating capture of substantial intrinsic value at exercise followed by a market sale. The filing quantifies direct and indirect holdings and discloses trusts holding significant blocks of shares, with an explicit disclaimer for one trust. This is a procedural disclosure that provides transparency about insider liquidity and trust placements rather than signaling a governance or operational change.
TL;DR: Disclosure complies with Section 16 reporting and documents use of a 10b5-1 plan and trust structures.
The filing shows execution under a documented 10b5-1 plan and discloses trust holdings and a disclaimer where applicable, which supports compliance best practices for insider transactions. The gift transactions and trustee arrangements are identified, and the reporter clarifies the lack of beneficial interest in one trust. No departures from normal insider reporting procedures are evident in the form; the document serves to maintain transparency about the officer/director's equity positions and estate planning transfers.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 25,000 | $0.00 | -- |
| Exercise | Common Stock | 25,000 | $13.48 | $337K |
| Sale | Common Stock | 25,000 | $219.36 | $5.48M |
| Gift | Common Stock | 7,500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The gift, exercise, and sale were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 28, 2025. Includes shares to be issued in connection with the vesting of one or more restricted stock units. The shares are held by The Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee. 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. The shares are held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee. The stock option is fully vested.
