Snowflake Co-Founder Benoit Dageville Files Form 144 to Sell $16.67M in Stock

Executive Summary

On October 7, 2026, Benoit Dageville, Co-Founder, Director, and Officer of Snowflake Inc. ($SNOW), submitted a Form 144 notice proposing the sale of 50,000 shares of common stock with an aggregate market value of approximately $16.67 million (~$333.42 per share). The proposed sale is executed through Fidelity Brokerage Services LLC under a pre-established Rule 10b5-1 trading plan adopted on April 3, 2026.

Transaction Details

• Security: Common Stock
• Proposed Sale Quantity: 50,000 shares
• Aggregate Value: $16,671,000.00
• Approximate Sale Date: October 7, 2026
• Origin of Securities: Founder shares originally acquired from the issuer on August 1, 2012, as compensation.
• Ownership Entity: The shares are held by The Snow Trust U/A Dtd 9/10/2019, of which Benoit Dageville is a trustee and beneficiary.

Historical Selling Pattern

The filing reveals a consistent, programmatic bi-weekly selling schedule conducted through the same trust over the preceding three months:

• 07/15/2026: 50,000 shares ($13.83M)
• 07/29/2026: 50,000 shares ($14.00M)
• 08/12/2026: 50,000 shares ($16.79M)
• 08/26/2026: 50,000 shares ($15.47M)
• 09/09/2026: 50,000 shares ($16.79M)
• 09/23/2026: 50,000 shares ($16.95M)

Market Impact & Significance

The filing represents a continuation of planned diversification under a Rule 10b5-1 trading plan adopted earlier in the year. While the transaction represents a sizable dollar amount ($16.67M), it corresponds to less than 0.02% of Snowflake's 352.8 million outstanding shares and follows a disciplined, pre-scheduled pattern, mitigating concerns of opportunistic insider selling.