Dageville Benoit, the Founder and Chief Architect of Snowflake Inc. (SNOW), has demonstrated a consistent pattern of insider trading activity over the past several years, as reflected in SEC Form 4 filings. Benoit has executed a total of 72 transactions, all within Snowflake, with a pronounced bias toward selling. The total value of shares sold amounts to $75,022,799.82, significantly outweighing the $3,178,610.02 in purchases. This trend has persisted in recent months, with Benoit executing seven sell transactions and no buys since late 2025. Notably, on November 28, 2025, Benoit sold shares worth $6,241,250, marking one of the largest single transactions in this period. Other significant sales include $406,204.40 on December 16, 2025, and $763,146.52 on March 10, 2026.
Benoit’s transactions also include several filings coded as "F" (representing dispositions to satisfy tax withholding obligations) and "A" (grant or award of equity), which do not involve direct market transactions. For example, on March 20, 2026, Benoit reported dispositions totaling $155,229.00 to cover tax liabilities. Despite these non-market transactions, the overall pattern underscores a clear focus on reducing equity holdings in Snowflake. The absence of recent purchases and the continuation of sales suggest a strategic reduction in Benoit’s stake in the company. This activity aligns with broader trends observed among executives and founders who periodically liquidate portions of their holdings, though it remains distinct from any indication of material non-public information influencing these decisions.
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