Dageville Benoit 4
4 · Snowflake Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Snowflake (SNOW) Founder Benoit Dageville Sells Shares
What Happened
Benoit Dageville, Snowflake founder, Chief Architect and a director, recorded dispositions related to restricted stock unit vesting and an open-market sale. On 2026-03-09, 2,637 shares were withheld to satisfy tax-withholding obligations on RSU vesting (reported as F dispositions) at $180.48 per share for aggregate consideration of $475,926. On 2026-03-10, he sold 4,183 shares in an open-market transaction at $182.44 per share for proceeds of $763,147. Total shares disposed were 6,820 for combined consideration of about $1,239,073. These were sales/dispositions (not purchases).
Key Details
- Dates & prices:
- 2026-03-09: 1,938 shares @ $180.48 = $349,770 (tax withholding)
- 2026-03-09: 427 shares @ $180.48 = $77,065 (tax withholding)
- 2026-03-09: 272 shares @ $180.48 = $49,091 (tax withholding)
- 2026-03-10: 4,183 shares @ $182.44 = $763,147 (open-market sale)
- Total disposed: 6,820 shares; total proceeds ≈ $1,239,073
- Shares owned after the transactions: not specified in the provided Form 4 data.
- Notable footnotes:
- F1: the 2,637-share dispositions represent shares withheld to satisfy tax withholding on RSU vesting (routine).
- F3: the open-market sale was effected under a 10b5-1 trading plan adopted March 28, 2025.
- F4–F6: certain shares are held in trusts for which the reporting person or spouse is trustee; one trust’s shares are disclaimed as not beneficially owned by the reporting person.
- Filing timeliness: Form 4 filed 2026-03-11 for transactions on 2026-03-09–03-10; appears to have been filed within the standard Form 4 reporting window.
Context
Shares withheld to cover taxes on RSU vesting are routine administrative dispositions and do not necessarily reflect a discretionary decision to sell. The open-market sale was executed under a previously adopted 10b5-1 plan, which typically indicates the sale terms were pre-planned. As with all insider sales, these are factual disclosures of transactions and should not be taken alone as a signal of company outlook.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-03-09$180.48/sh−1,938$349,770→ 62,006 total - Tax Payment
Common Stock
[F1][F2]2026-03-09$180.48/sh−427$77,065→ 61,579 total - Tax Payment
Common Stock
[F1][F2]2026-03-09$180.48/sh−272$49,091→ 61,307 total - Sale
Common Stock
[F3][F2]2026-03-10$182.44/sh−4,183$763,147→ 57,124 total
- 750,000(indirect: By Trust)
Common Stock
[F4] - 750,000(indirect: By Trust)
Common Stock
[F5] - 3,001,555(indirect: By Trust)
Common Stock
[F6]
Footnotes (6)
- [F1]Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- [F2]Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- [F3]The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 28, 2025.
- [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 Snow Trust UTA dated 9/10/19 for which the Reporting Person is a trustee.