Dageville Benoit 4

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.