Snowflake Director Benoit Dageville Disposes 791 Shares for Tax Withholding
Snowflake Inc.
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Filing Summary
**Snowflake Inc. ($SNOW) - Form 4 Filing Summary**
• Insider: Benoit Dageville (Director)
• Transaction Date: September 21, 2026
• Type: Disposition (Tax Withholding - Code F)
• Shares: 791 shares @ $332.43 (~$262,952)
• Direct Holdings Post-Transaction: 177,343 shares
• Indirect Trust Holdings: ~4,001,547 shares
• Significance: Low (Routine tax obligation)
Comprehensive Analysis
Transaction Summary
On September 21, 2026, Snowflake Inc. director Benoit Dageville reported the disposition of 791 shares of Common Stock at an average price of $332.43 per share, representing a total transaction value of $262,952.13. The disposition occurred in two tranches of 535 shares and 256 shares.
Transaction Nature and Context
The transactions were executed under transaction code F, indicating shares were automatically withheld by the company to satisfy statutory tax withholding requirements associated with the vesting of restricted stock units (RSUs). This does not represent an open-market discretionary sale.
Post-Transaction Holdings
Following these dispositions:
- Direct Ownership: 177,343 shares of Common Stock.
- Indirect Ownership: Dageville retains substantial indirect holdings through multiple family and grantor retained annuity trusts (GRATs):
- 358,087 shares via The Selene GRAT No. 1
- 358,087 shares via The Thira GRAT No. 1 (disclaimed beneficial ownership)
- 391,913 shares via The Selene GRAT No. 2
- 391,913 shares via The Thira GRAT No. 2 (disclaimed beneficial ownership)
- 2,501,547 shares via The Snow Trust UTA
Market Significance
The filing has Low market significance. Routine tax-withholding dispositions (Code F) are standard administrative occurrences upon equity vesting schedules and do not signal executive sentiment regarding the company's valuation or operational prospects.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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