Snowflake co-founder and director Benoit Dageville disposed of 66,668 shares on July 29, 2026, in a transaction valued at approximately $18.7 million. The disposition included 50,000 shares sold and 16,668 shares gifted, representing a 1% reduction in his total equity holdings. Following the transaction, Dageville retains a stake worth $1.27 billion, comprising roughly 181,000 shares held directly and 4.3 million shares held indirectly through trusts and grantor retained annuity trusts. The sale was executed under a Rule 10b5-1 trading plan adopted on April 3, 2026, and came after Snowflake's stock had appreciated 29% over the prior year. Snowflake, a cloud-native data platform provider with a market capitalization of $98.1 billion, reported trailing twelve-month revenue of $5.0 billion and a net loss of $1.2 billion.
Snowflake Inc.Insider sale of 50,000 shares by co-founder, though under pre-set plan, may signal reduced insider confidence.