Snowflake Co-Founder Benoit Dageville Files Form 144 to Sell $14.6M in Common Stock

Executive Summary

Snowflake Inc. co-founder, director, and officer Benoit Dageville filed a Form 144 notice on November 4, 2026, indicating an intention to sell 50,000 shares of common stock with an aggregate market value of approximately $14.62 million.

Transaction Details

• Security: Common Stock
• Shares to be Sold: 50,000 shares
• Aggregate Market Value: $14,617,500.00 (~$292.35 per share)
• Shares Outstanding: 352,800,000 shares
• Approximate Sale Date: November 4, 2026
• Source of Shares: Founder's shares originally acquired on August 1, 2012 directly from the issuer.
• Account / Beneficial Ownership: Held indirectly through The Snow Trust U/A Dtd 9/10/2019, where Benoit Dageville serves as trustee and account stakeholder.

Trading Plan and Prior Sales

• Rule 10b5-1 Plan: The proposed sale is executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on April 3, 2026.
• Prior 3-Month Activity: The trust has been executing bi-weekly 50,000-share sales consistently since August 2026, realizing over $98.7 million across six prior transactions between August 12, 2026, and October 21, 2026.

Market Impact & Significance

Because this sale follows an established, programmatic bi-weekly cadence under a Rule 10b5-1 plan adopted months in advance, it reflects scheduled liquidity rather than a spontaneous discretionary exit.