Snowflake Director Benoit Dageville Sells $16.1M in Common Stock Under Rule 10b5-1 Plan
Snowflake Inc.
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Filing Summary
# Insider Transaction: Snowflake Inc. ($SNOW)
**Insider:** Benoit Dageville (Director)
**Type:** Sale (Rule 10b5-1 Plan)
**Date:** 2026-10-21
**Shares Sold:** 50,000 @ $321.74
**Total Value:** $16,087,000.00
**Indirect Holdings Post-Trade:** 2,301,543 shares (The Snow Trust UTA)
**Direct Holdings:** 177,343 shares
Comprehensive Analysis
Executive Summary
On October 21, 2026, Snowflake Inc. co-founder and director Benoit Dageville completed an open market sale of 50,000 shares of Snowflake Common Stock at an average price of $321.74 per share, realizing approximately $16.09 million. In addition to the sale, 16,668 shares were transferred via bona fide gift (Code G) at $0.00. Both transactions were executed indirectly through The Snow Trust UTA dated 9/10/19 pursuant to a Rule 10b5-1 trading plan established on April 3, 2026.
Transaction & Position Details
- Primary Transaction: Open market sale of 50,000 shares at $321.74 per share ($16,087,000.00 total gross value).
- Gift Transfer: Disposition of 16,668 shares with a stated price of $0.00.
- Remaining Indirect Ownership (Snow Trust): 2,301,543 shares following all reported transactions.
- Other Beneficial Holdings: Direct ownership of 177,343 shares (including unvested RSUs), plus additional holdings across multiple grantor retained annuity trusts (GRATs) totaling over 1.5 million shares.
Market & Governance Impact
Because the sales were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on April 3, 2026, the transaction reflects scheduled liquidity diversification rather than an unhedged discretionary view on near-term corporate performance. Despite the large transaction size, Dageville retains a substantial multi-million-share equity interest in Snowflake across direct and trust entities.
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