Snowflake (SNOW) Director Benoit Dageville Sells Shares

What Happened

• Benoit Dageville, a director of Snowflake Inc. (SNOW), disposed of 50,000 shares in an open-market or private sale on August 12, 2026 at $335.70 per share, generating $16,785,000. On the same date he also gifted 16,668 shares (no proceeds).
• The sale and the gift were effected pursuant to a 10b5-1 trading plan adopted by Dageville on April 3, 2026. Sales are commonly routine insider transactions; gifts do not necessarily indicate the insider’s view of the stock.

Key Details

• Transaction date: 2026-08-12. Sale: 50,000 shares @ $335.70 = $16,785,000. Gift: 16,668 shares @ $0.00.
• Transaction codes: S = Sale (open market/private), G = Gift.
• Shares owned after transaction: not specified in this Form 4.
• Notable footnotes from the filing:
  • F1: Both the sale and gift were made under a 10b5-1 plan (adopted 4/3/2026).
  • F2–F7: Several holdings are reported as held in trusts (The Snow Trust UTA; Selene and Thira GRATs dated 3/13/2025). Dageville is trustee for some trusts; certain trusts are administered by his spouse and he disclaims beneficial ownership of those holdings (per the filing).
  • F3: Some reported shares include those to be issued upon RSU vesting.
• Filing details/timeliness: Form 4 was filed on 2026-08-14 reporting transactions on 2026-08-12 — filed within the standard Form 4 reporting window (timely).

Context

• Gifts are transfers of ownership and do not necessarily reflect trading conviction. Sales executed under a pre-established 10b5-1 plan are typically scheduled in advance and are considered routine rather than opportunistic.
• No options exercises or other derivative transactions were reported in this filing.