Dageville Benoit 4

What Happened
Benoit Dageville, a director of Snowflake Inc. (SNOW), sold 50,000 shares on July 15, 2026 at $276.53 per share for proceeds of $13,826,500. On the same day he also disposed of 16,668 shares as a gift (no proceeds). The sale and gift were effected pursuant to a 10b5‑1 trading plan adopted by Mr. Dageville on April 3, 2026.

Key Details

• Transaction date: 2026-07-15; Sale: 50,000 shares @ $276.53 = $13,826,500; Gift: 16,668 shares @ $0.00.
• Filing: Form 4 filed 2026-07-16 (one day after the transactions); this is timely under Form 4 rules.
• Post-transaction holdings: Not specified in the details provided here (refer to the Form 4 for exact beneficial ownership after these disposals).
• Notable footnotes:
  • The sale and gift were executed under a pre-arranged 10b5‑1 plan (F1).
  • Several holdings referenced are held in trusts for which Mr. Dageville is trustee (The Snow Trust UTA, Selene GRATs) or his spouse is trustee (Thira GRATs); for some spouse‑held trusts he disclaims beneficial ownership (F2, F4–F7).
  • Some reported shares include those to be issued upon vesting of restricted stock units (RSUs) (F3).

Context

• Sales executed under a 10b5‑1 plan are pre‑scheduled transactions and are often routine; gifts do not necessarily reflect the insider’s view of the company’s prospects.
• No purchases or option exercises were reported here—this filing reflects dispositions only.
• Retail investors should treat routine, plan‑based insider sales differently from opportunistic or unscheduled sales; consult the full Form 4 for ownership totals and any additional notes.