Snowflake Director Benoit Dageville Sells Shares

What Happened Benoit Dageville, a director of Snowflake Inc. (SNOW), disposed of 50,000 shares via an open-market/private sale on July 29, 2026, at $280.00 per share for proceeds of $14,000,000. On the same date he also reported a gift of 16,668 shares (no proceeds). The sale and gift were made pursuant to a 10b5-1 trading plan adopted by Dageville on April 3, 2026.

Key Details

• Transaction date: July 29, 2026.
• Sale: 50,000 shares at $280.00 each = $14,000,000 proceeds.
• Gift: 16,668 shares reported as a gift (no cash proceeds).
• Filing date: July 30, 2026 (filed the next day; Form 4 was timely).
• Shares owned after transaction: not specified in this Form 4.
• Notable footnotes:
  • F1: Both the sale and gift were executed under a 10b5-1 plan adopted 4/3/2026.
  • F2–F7: Various holdings are reported as held in trusts (The Snow Trust UTA and multiple GRATs); some trusts are managed by the reporting person or spouse and certain trusts are disclaimed by the reporting person. F3 notes inclusion of shares to be issued upon RSU vesting.

Context Sales executed under a 10b5-1 plan are prearranged and generally indicate the insider is following a pre-approved schedule rather than trading on current nonpublic information. Gifts do not signal a market view the way purchases might and are often for personal, estate-planning, or charitable reasons. This filing reflects a sizable, planned disposition but does not, by itself, indicate the director’s view of Snowflake’s near-term prospects.