Snowflake Co-Founder & Director Benoit Dageville Discloses $16.8M Stock Sale Under 10b5-1 Plan

Insider Transaction Overview

On September 10, 2026, Snowflake Inc. ($SNOW) filed a Form 4 disclosing several non-derivative transactions by Director Benoit Dageville:

• Open Market Sale (Code S): On September 9, 2026, sold 50,000 shares at an average price of $335.72 for total gross proceeds of $16,786,000.00. This sale was executed indirectly via The Snow Trust UTA dated 9/10/19 pursuant to a Rule 10b5-1 trading plan adopted on April 3, 2026.
• Gift (Code G): On September 9, 2026, gifted 16,668 shares from the trust at $0/share pursuant to the same Rule 10b5-1 plan.
• Tax Withholding (Code F): On September 8, 2026, surrendered 555 shares and 232 shares directly at $337.18 per share to cover tax withholding obligations upon the vesting of restricted stock units.

Post-Transaction Holdings

Following these reported transactions, Benoit Dageville maintains significant direct and indirect equity exposure in Snowflake Inc.:

• Direct Holdings: 180,171 shares (including unvested RSUs).
• Indirect Holdings via Trust (The Snow Trust UTA): 2,601,547 shares.
• Indirect Holdings via GRATs: Multiple grantor retained annuity trusts holding an aggregate of over 1.5 million additional shares.

Market & Governance Context

Because the sale was executed under a pre-established Rule 10b5-1 trading plan adopted on April 3, 2026, it represents routine liquidity management rather than an ad-hoc or sentiment-driven divestment. Dageville retains multi-million share ownership across various trust vehicles.