Snowflake (SNOW) Director Benoit Dageville Withholds Shares for Taxes

What Happened
Benoit Dageville, a director at Snowflake Inc. (SNOW), had shares withheld to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). Two withholding transactions on 2026-09-21: 535 shares withheld at $332.43 each for $177,850, and 256 shares withheld at $332.43 each for $85,102 — a combined 791 shares worth approximately $262,952. These were tax-withholding disposals (transaction code F), not open-market sales.

Key Details

• Transaction date: 2026-09-21; Form 4 filed 2026-09-22 (appears timely; Form 4 is generally due within two business days).
• Prices and amounts: 535 shares @ $332.43 = $177,850; 256 shares @ $332.43 = $85,102; total 791 shares ≈ $262,952.
• Transaction type: F — shares withheld to satisfy tax withholding on RSU vesting (cashless withholding), not a market sale.
• Shares owned after transaction: Not disclosed in this Form 4.
• Relevant footnotes: F1 = shares withheld to satisfy tax withholding; F2 = includes shares to be issued in connection with RSU vesting. The filing also includes other footnotes (F3–F7) describing certain shares held in trusts/GRATs and related beneficial ownership disclaimers.

Context
Withholding shares to cover taxes on RSU vesting is a routine administrative step and does not necessarily indicate a change in the director’s view of the company. This was a cashless withholding at the time of vesting rather than an open-market sale.