Snowflake (SNOW) Director Benoit Dageville Gifts 100,000 Shares

What Happened Benoit Dageville, a director of Snowflake Inc. (SNOW), reported a gift of 100,000 Snowflake shares on 2026-09-14 (reported value $0). On 2026-09-15 he also had 2,037 shares withheld to satisfy tax withholding tied to restricted stock unit (RSU) vesting: 931 shares (disposed) at $332.35 each ($309,418), 864 shares at $332.35 ($287,150), and 242 shares at $332.35 ($80,429). The withheld shares total ~2,037 shares and ~$676,997 in value. These withholding transactions are recorded as dispositions (tax withholding), not open-market sales.

Key Details

• Transaction dates: Gift on 2026-09-14; tax-withholding dispositions on 2026-09-15. Filing date: 2026-09-16.
• Prices/values for withholding: $332.35 per share; totals of $309,418, $287,150 and $80,429 (aggregate ~$676,997).
• Shares owned after the transactions: not specified in the provided filing summary.
• Notable footnotes: F2 indicates shares withheld to satisfy tax withholding on RSU vesting; F3 notes included shares relate to RSU vesting. Other footnotes (F1, F4–F7) describe holdings in trusts/GRATs for which the reporting person or spouse is trustee/beneficiary; one footnote disclaims beneficial ownership for certain spouse‑held trusts.
• Timeliness: The filing shows a late reporting indicator (transactionTimeliness = 'L') — the report was filed two days after the first reported transaction.

Context

• A gift is not a market sale and does not necessarily indicate the insider's view of the company. The tax-withholding entries are routine for RSU vesting (shares withheld to cover taxes, similar to a cashless settlement), not open-market sell orders. Dageville is a director and also serves as trustee for certain trusts noted in the footnotes; some trust-held shares are disclaimed for beneficial ownership where noted.