Dageville Benoit 4

4 · Snowflake Inc. · Filed Mar 18, 2026

AI-generated summary of this filing

Updated Mar 18, 2026

Snowflake (SNOW) Founder Benoit Dageville Sells Shares

What Happened

Benoit Dageville, Snowflake founder, Chief Architect and a director, disposed of a total of 3,862 SNOW shares via tax-withholding on vested RSUs and an open-market sale.
Transactions: 1,007 shares withheld for taxes at $178.66 ($179,911), 936 shares withheld for taxes at $178.66 ($167,226), and an open-market sale of 1,919 shares at $175.34 ($336,477). Total proceeds/consideration ≈ $683,614.
These were disposals (not purchases). The withholding entries reflect tax withholding on RSU vesting (cashless withholding), while the open-market sale was a separate sale.

Key Details

Transaction dates and prices:
- 2026-03-16: 1,007 shares withheld @ $178.66 — $179,911 (tax withholding on RSU vesting).
- 2026-03-16: 936 shares withheld @ $178.66 — $167,226 (tax withholding on RSU vesting).
- 2026-03-17: 1,919 shares sold @ $175.34 — $336,477 (open-market sale).
Total shares disposed: 3,862; total value ≈ $683,614.
Shares owned after the transactions: not specified in the filing.
Notable footnotes:
- F1: Shares withheld to satisfy tax withholding on RSU vesting.
- F3: The 2026-03-17 sale was effected under a 10b5-1 trading plan adopted March 28, 2025 (prearranged trading plan).
- Other footnotes indicate some shares are held in trusts (Selene GRAT, Thira GRAT, Snow Trust UTA) and related trustee/disclaimer details.
Filing timeliness: Report filed 2026-03-18 for transactions on 2026-03-16 and 03-17 — appears to be a timely Form 4 filing.

Context

The two March 16 entries are tax-withholding on RSU vesting (common "net share settlement" or share-withholding to cover taxes) and do not represent voluntary open-market sales by the insider.
The March 17 sale was executed under a 10b5-1 plan, meaning it was a preauthorized sale schedule rather than an opportunistic, same-day decision.
Sales and withholding are routine for insiders and do not by themselves indicate management sentiment; purchases tend to be more informative about insider confidence.

Form 4

Period: 2026-03-16

DirectorFounder and Chief Architect

Transactions

Tax Payment
Common Stock
[F1][F2]
2026-03-16$178.66/sh−1,007$179,911→ 56,117 total
Tax Payment
Common Stock
[F1][F2]
2026-03-16$178.66/sh−936$167,226→ 55,181 total
Sale
Common Stock
[F3][F2]
2026-03-17$175.34/sh−1,919$336,477→ 53,262 total

Holdings

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.

Signature

/s/ Marie Reider, Attorney-in-Fact|2026-03-18

1 file