Dageville Benoit, founder and chief architect of Snowflake, has filed 91 Form 4 transactions, all in SNOW stock. The pattern is one-sided: zero open-market purchases and roughly $197.8 million in total sales. The recent activity, spanning July through September 2026, shows a consistent cadence of large open-market sales paired with zero-value gifts on the same dates. On September 9, he sold $16.79 million and made a gift. On August 26, he sold $15.47 million with a gift, and on August 12, he sold $16.79 million with another gift. The July sales were smaller but still substantial: $14.0 million on July 29, $13.83 million on July 15, and $12.73 million on July 2. That same July 2 date also included a separate sale of $35.86 million, which is the largest single transaction in the recent window.
The selling is not limited to open-market trades. The filings also show automatic dispositions: shares withheld to cover taxes (code F) appeared on September 8, March 20, and March 16, with values between $50,000 and $187,000. There were also small open-market sales in March, including $336,477 on March 17 and $148,589 on March 23. Option exercises (code M) on July 2 were minor, at $89,467 and $99,999, and appear mechanical. A grant (code A) on March 20 had no dollar value attached.
The data shows a clear selling bias. Benoit has not bought a single share on the open market across all 91 filings. The recent trades cluster around biweekly intervals, with gifts accompanying most large sales. The total sell value of $197.8 million, concentrated in SNOW, indicates a sustained reduction of his position. The last recorded transaction is the September 9 sale, and the pattern shows no sign of reversing.
AI-assisted summary