Dageville Benoit 4

What Happened

• Benoit Dageville, Snowflake founder, chief architect and director, reported three gift transactions on Apr 7, 2026 disposing of a total of 1,567,652 SNOW shares. The entries show two gifts of 391,913 shares and one gift of 783,826 shares. All transfers were reported at $0.00 per share (gifts), so no cash was received.

Key Details

• Transaction date: April 7, 2026; Filing date: April 9, 2026 (filed within the Form 4 two-business-day window).
• Prices/values: $0.00 per share — total proceeds $0 (these were gifts).
• Total shares transferred: 1,567,652 SNOW shares (391,913 + 391,913 + 783,826).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • Transfers involved multiple family/estate vehicles: The Thira GRAT No.1 and Selene GRAT No.1 moved shares into The Snow Trust UTA, which in turn transferred shares into The Selene GRAT No.2 and The Thira GRAT No.2 — all for no consideration (see F1–F6).
  • The filing states the Reporting Person is trustee for some trusts and that the Reporting Person disclaims beneficial ownership of shares held by trusts for which his spouse is trustee (F2, F7).
  • Filing notes some counts may include shares to be issued upon RSU vesting (F9).
• No indication of a 10b5-1 plan, cashless exercise, tax withholding sale, or late filing.

Context

• Gifts are transfers for estate/planning or family purposes and do not signal a buy or sell decision based on company outlook. Because these were gifts to trusts and family-related vehicles (with some held by the spouse as trustee), the Reporting Person disclaims beneficial ownership of certain transferred shares.