Snowflake Director Benoit Dageville Sells $16.67M in Stock Under 10b5-1 Plan

Executive Summary

On October 8, 2026, Snowflake Inc. ($SNOW) co-founder and director Benoit Dageville reported the sale of 50,000 shares of Common Stock at $333.42 per share on October 7, 2026, generating approximately $16.67 million in proceeds. In addition, the reporting person completed a bona fide gift of 16,668 shares on the same date.

Transaction & Plan Details

• Sale Details: 50,000 shares at a price of $333.42 per share ($16,671,000 total transaction value).
• Gift Details: 16,668 shares disposed of at $0.00.
• Ownership Mechanism: Both transactions were executed out of The Snow Trust UTA dated 9/10/19, of which Mr. Dageville is a trustee.
• Pre-Scheduled Plan: The sales and gifts were transacted pursuant to a Rule 10b5-1 trading plan established on April 3, 2026.

Post-Transaction Holdings

Following the transactions:

• Snow Trust UTA: 2,368,211 shares held indirectly.
• Direct Holdings: 177,343 shares (including unvested RSUs).
• Other GRAT Holdings: 750,000 shares across Selene GRATs, plus 750,000 shares held in Thira GRATs (for which beneficial ownership is disclaimed).

Assessment

Because the sale was executed under an established Rule 10b5-1 trading plan and represents only a minor percentage of Mr. Dageville's total equity holdings, this transaction represents standard portfolio management and estate planning rather than a directional signal on company performance.