Snowflake Co-Founder Benoit Dageville Files Form 144 to Sell $16.95M in Stock

Overview

On September 23, 2026, Benoit Dageville, Co-Founder, Officer, and Director of Snowflake Inc. ($SNOW), filed Form 144 indicating an intent to sell 50,000 shares of common stock through Fidelity Brokerage Services LLC. The estimated aggregate market value of the shares proposed for sale is approximately $16.95 million ($339.08 per share).

Transaction & Plan Details

• Securities to be Sold: 50,000 shares acquired originally as Founders Shares on August 1, 2012.
• Ownership Structure: Per the filing remarks, today's proposed sale takes place via The Snow Trust U/A Dtd 9/10/2019, where Benoit Dageville serves as a trustee and beneficiary/stakeholder.
• Pre-Arranged Trading Plan: The transaction is executed pursuant to a Rule 10b5-1 trading plan adopted on April 3, 2026.

Prior 3-Month Activity

The reporting owner has engaged in regular, bi-weekly dispositions under trust accounts over the preceding three months:

• 07/02/2026: 140,819 shares for $35,858,150.16 (Direct) and 50,000 shares for $12,732,000.00 (Snow Trust)
• 07/15/2026: 50,000 shares for $13,826,500.00 (Snow Trust)
• 07/29/2026: 50,000 shares for $14,000,000.00 (Snow Trust)
• 08/12/2026: 50,000 shares for $16,785,000.00 (Snow Trust)
• 08/26/2026: 50,000 shares for $15,472,000.00 (Snow Trust)
• 09/09/2026: 50,000 shares for $16,786,000.00 (Snow Trust)

Significance

While the gross value of $16.95M is substantial, the sale represents approximately 0.014% of the 352,800,000 shares outstanding and is part of a structured, ongoing liquidation schedule adopted via a 10b5-1 plan in April 2026. Therefore, the trading significance is rated as Medium.