Snowflake Co-Founder & Director Files Form 144 for $16.8M Proposed Sale

Insider Filing Analysis: Snowflake Inc. (Form 144)

Executive Summary

On September 9, 2026, Benoit Dageville, Co-Founder, Officer, and Director of Snowflake Inc. ($SNOW), submitted a Form 144 notice proposing the sale of 50,000 shares of common stock with an estimated aggregate market value of $16,786,000.00 (~$335.72 per share).

Key Transaction Details

• Filer: Benoit Dageville
• Role: Officer, Director
• Proposed Sale Date: September 9, 2026
• Security: Common Stock
• Shares Offered: 50,000 shares
• Aggregate Market Value: $16,786,000.00
• Origin of Shares: Founder's Shares acquired on August 1, 2012 directly from the issuer.
• Ownership Structure: Shares are held indirectly via The Snow Trust U/A Dtd 9/10/2019, of which Benoit Dageville is a trustee and beneficiary.
• Trading Plan: Executed pursuant to a Rule 10b5-1 trading plan adopted on April 3, 2026.

Prior 3-Month Activity

The filer has conducted recurring scheduled sales through the trust over the preceding three months:

• 08/26/2026: 50,000 shares ($15,472,000.00)
• 08/12/2026: 50,000 shares ($16,785,000.00)
• 07/29/2026: 50,000 shares ($14,000,000.00)
• 07/15/2026: 50,000 shares ($13,826,500.00)
• 07/02/2026: 50,000 shares ($12,732,000.00) via Trust + 140,819 shares ($35,858,150.16) direct

Market Impact & Assessment

• Significance: Medium
• Context: The transaction represents an ongoing, systematic pre-planned divestment under a Rule 10b5-1 trading arrangement established earlier in the year. While the dollar amount is significant, the programmatic nature and small percentage relative to total outstanding shares (352.8M shares) minimize negative signaling.