Snowflake director Benoit Dageville sells 50,000 shares for about $16.1 million

Snowflake director Benoit Dageville sold 50,000 shares of the software company on Oct. 21 for roughly $16.1 million, according to a Form 4 filing made Friday.

The shares went at a weighted average price of $321.74 and were sold out of The Snow Trust, a trust for which Dageville is a trustee, the filing shows.

The trades were prearranged. According to the Form 4, both the sale and a same-day gift of 16,668 shares from the same trust were carried out under a Rule 10b5-1 trading plan Dageville adopted on April 3, 2026. Such plans let insiders schedule trades in advance.

Still a sizable holder

Even after the gift and the sale, The Snow Trust held 2,301,543 Snowflake shares, according to the filing.

Dageville also reported 177,343 shares held directly, a figure that includes shares to be issued as restricted stock units vest. Two grantor retained annuity trusts for which he is trustee held another 358,087 and 391,913 shares, respectively.

The filing lists two more trusts of the same sizes for which his spouse is trustee. Dageville disclaims beneficial ownership of those shares, according to the Form 4.

By the numbers

• Shares sold: 50,000
• Weighted average sale price: $321.74
• Approximate value: $16.1 million
• Shares gifted: 16,668
• Snow Trust holdings after the trades: 2,301,543
• Trading plan adopted: April 3, 2026

Sources

1. Snowflake Inc., Form 4 for Benoit Dageville, filed Oct. 23, 2026 (accession 0001821737-26-000017)

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.