Snowflake (SNOW) Director Benoit Dageville Sells 50,000 Shares

What Happened Benoit Dageville, a director of Snowflake (SNOW), reported two transactions on Sep 23, 2026: an open‑market sale of 50,000 shares at $339.08 per share for a total of $16,954,000, and a gift of 16,668 shares (reported as a gift, $0 consideration). Both the sale and the gift were effected pursuant to a 10b5‑1 trading plan adopted by Mr. Dageville on April 3, 2026.

Key Details

• Transaction date: 2026-09-23; Form 4 filed 2026-09-24 (appears timely).
• Sale: 50,000 shares sold at $339.08 each = $16,954,000 total.
• Gift: 16,668 shares transferred (reported as G, $0).
• Reported under a 10b5‑1 plan (Footnote F1) — trades pre‑planned and automated.
• Several holdings are held in trusts and GRATs (Footnotes F2–F7); some trusts have disclaimers of beneficial ownership (F5, F7).
• Filing does not specify “shares owned after the transaction” in the provided summary.

Context

• Sales are common for insiders for diversification, tax, or liquidity reasons; gifts similarly do not necessarily indicate views on company prospects. Because both transactions were executed under a 10b5‑1 plan, they were pre‑scheduled and not necessarily reflective of immediate sentiment.
• Footnote F3 indicates some reported holdings may include shares to be issued upon vesting of restricted stock units; footnotes F2–F7 describe the trust structures holding various shares and related beneficial‑ownership disclaimers.