Dageville Benoit 4

What Happened
Benoit Dageville, Snowflake founder, Chief Architect and a director, was credited with 20,694 shares on 2026-02-24 as an award (Form 4 transaction code A). The filing reports a $0.00 per-share acquisition value because these shares represent restricted stock units (RSUs) that vested/converted following the company’s determination that pre-established fiscal 2026 financial performance goals were achieved. These RSUs will vest over four years and are subject to continued service.

Key Details

• Transaction date: 2026-02-24; reported on Form 4 filed 2026-02-26 (timely within the usual 2-business-day window).
• Price: $0.00 per share; reported acquisition = 20,694 shares (reported value $0).
• Vesting: Per footnote F1 — RSUs vest over four years: 25% vest on March 8, 2026, then 6.25% on each Quarterly Date thereafter (Quarterly Dates = March 8, June 8, Sept. 8, Dec. 8), subject to continuous service through each vesting date.
• Other footnotes: F2 notes inclusion of shares to be issued upon RSU vesting. F3–F5 disclose holdings in trusts (The Selene GRAT, The Thira GRAT, and The Snow Trust UTA) and trustee/disclaimer details for certain shares.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Transaction type: Award/Grant (not an open-market purchase or sale).

Context

• These were performance-based RSUs converting to share entitlement after Snowflake met FY2026 targets; the reporting shows issuance/acquisition rather than an out-of-pocket purchase or an open-market sale.
• Grants and vesting events are routine forms of executive compensation and do not by themselves signal buying or selling intent in the market.
• The trustee and trust footnotes indicate some shares are held in family trusts for which the reporting person may be trustee or disclaims beneficial ownership; these are disclosure items, not market transactions.