Snowflake Co-Founder Benoit Dageville Files to Sell $16.8M in Shares
SNOW has more than doubled off its 52-week low of $118.3 on light trading volume (0.3× avg).
Summary
Snowflake co-founder Benoit Dageville filed to sell $16.8 million in shares, adding to $108.7 million sold in the past three months under a 10b5-1 plan.
Key Events · Ownership and Investor Activity · SNOW
-
Proposed Sale of 50,000 Shares
Benoit Dageville filed a Form 144 to sell 50,000 shares valued at approximately $16.79 million.
-
Recent Sales Total $108.7M
Dageville sold 390,819 shares in the past three months for gross proceeds of $108.67 million.
-
10b5-1 Plan Adopted April 2026
Sales are being executed under a pre-arranged 10b5-1 trading plan adopted on April 3, 2026.
-
Insider Distribution Pattern
This filing adds to a broader pattern of insider selling at Snowflake, with over $418 million in open-market sales by insiders in the last 90 days.
Analysis · SNOW · Technology
Benoit Dageville, a Snowflake co-founder, officer, and director, has filed a Form 144 to sell 50,000 shares worth approximately $16.8 million. This follows $108.7 million in sales over the past three months, indicating continued distribution by a key insider. The sales are part of a pre-arranged 10b5-1 plan adopted in April 2026, which reduces the signal of opportunistic selling but still represents significant insider liquidation.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.1% of the 2014 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SNOW was trading at $335.42 on NYSE in the Technology sector, with a market capitalization of approximately $118.3B. The 52-week trading range was $118.30 to $384.56. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.