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Snowflake Inc.·4

Mar 11, 7:39 PM ET

Dageville Benoit 4

Research Summary

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Updated

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.