Snowflake Director Benoit Dageville Sells $18.4 Million Worth of Shares
Benoit Dageville, a director at Snowflake Inc., sold approximately $18.4 million worth of shares on July 15, 2026, according to an SEC Form 4 filing. The transaction included the open-market sale of 50,000 shares and gifting of 16,668 shares through trust vehicles. Dageville retained a significant stake in Snowflake with around 4.4 million indirectly held shares valued at $1.24 billion as of July 15. The transaction was conducted under Rule 10b5-1 to avoid the appearance of insider trading, and it represented only about 1% of Dageville's total holdings in Snowflake. The company reported a trailing twelve-month revenue of $5.0 billion but remains unprofitable with a net loss of $1.2 billion over that period. Despite the sale, analysts suggest this move is unlikely to significantly impact investor sentiment due to its small proportion relative to Dageville's overall investment and adherence to regulatory guidelines.
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