Snowflake Co-Founder & Director Benoit Dageville Reports 100K Share Gift & Routine Tax Withholdings

Executive Summary

On September 16, 2026, Snowflake Inc. ($SNOW) filed a Form 4 on behalf of co-founder and Director Benoit Dageville reporting non-open market transactions executed on September 14 and September 15, 2026.

Transaction Details

1. Bona Fide Gift (Code G):

   • Date: September 14, 2026
   • Shares: 100,000 Common Stock
   • Price: $0.00
   • Nature: Indirect disposition from The Snow Trust UTA dated 9/10/19 (2,501,547 shares remaining in trust post-transaction).

2. Tax Withholdings (Code F):

   • Date: September 15, 2026
   • Total Shares: 2,037 shares (931 + 864 + 242)
   • Price: $332.35 per share
   • Total Value: $676,996.95
   • Nature: Mandatory share withholding to cover tax liabilities associated with the vesting of restricted stock units (RSUs).

Ownership Structure

• Direct Holdings: 178,134 shares (includes unvested RSUs).
• Indirect Holdings:
  • The Snow Trust UTA dated 9/10/19: 2,501,547 shares
  • The Selene GRAT No. 1 & No. 2: 750,000 shares total (358,087 and 391,913 shares)
  • The Thira GRAT No. 1 & No. 2 (Spouse Trustee): 750,000 shares total (disclaimed beneficial ownership)

Market Impact & Significance

• Trading Significance: Low
• Rationale: Neither transaction represents discretionary open-market buying or selling. The gift transaction is a wealth-planning transfer, and the Code F dispositions are automated withholdings triggered by RSU vestings.