The systematic biweekly selling by a co-founder/director is a sustained insider monetization pattern, not a one-time event. Monitor for continued Form 144 filings and any acceleration of the selling cadence, which would signal further insider conviction to reduce exposure.
Price Chart
Executive Summary
Snowflake co-founder and director Benoit Dageville filed a Form 144 notice to sell 50,000 shares of common stock, with an estimated market value of approximately $16.7 million based on the filing date. The filing also reveals that Dageville's trust has been selling 50,000 shares roughly every two weeks since mid-July 2026, totaling 300,000 shares sold over the prior three months. This is a continuation of a systematic selling pattern by a co-founder, not a one-off event.
Key Facts
- Benoit Dageville (co-founder, director, and former CEO) filed Form 144 to sell 50,000 shares valued at ~$16.7M.
- Dageville's trust has sold 50,000 shares every two weeks since July 15, 2026 — six prior sales totaling 300,000 shares in the last three months.
- The trust's prior sales were executed at prices between $13.8M and $16.9M per block, indicating consistent monetization.
- Dageville remains an officer and director, and the selling is conducted through The Snow Trust U/A Dtd 9/10/2019, of which he is a trustee and stakeholder.
Financial Impact
Proposed sale of 50,000 shares (~$16.7M); trust has already sold 300,000 shares (~$90M) in the prior three months.
Risk Factors
- Sustained insider selling by a co-founder may signal lack of confidence in near-term stock appreciation.
- The trust's consistent selling pattern could weigh on the stock if the market perceives it as a persistent overhang.
- No explicit reason for the sales is provided beyond the trust's ongoing disposition.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-007302 |
| Document: 0001959173-26-007302-index.html | 0001959173-26-007302 |
| Document: 0001959173-26-007302.txt | 0001959173-26-007302 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $332.93 | awaiting T+1 | — | $337.42 (+1.35%) |
Oct 23, 2026 4d ago | Insider Cluster | $334.95 $337.42 | ▲ +0.74% | ▲ +0.18% | $337.42 (+0.74%) |
Oct 20, 2026 7d ago | Institutional Cluster | $322.73 $313.96 | ▼ −2.72% | ▼ −1.54% | $337.42 (+4.55%) |
Oct 19, 2026 8d ago | 144 | $315.35 $319.61 | ▼ −1.35% | ▼ −1.02% | $337.42 (−7.00%) |
Oct 7, 2026 20d ago | 144 | $332.85 $343.40 | ▼ −3.17% | ▼ −3.59% | $337.42 (−1.37%) |
Oct 2, 2026 25d ago | Insider Cluster | $338.99 $335.95 | ▲ +0.90% | ▲ +1.45% | $337.42 (+0.46%) |
Oct 2, 2026 25d ago | 144 | $338.99 $335.95 | ▲ +0.90% | ▲ +1.45% | $337.42 (+0.46%) |
Oct 2, 2026 25d ago | 8-K | $338.99 $335.95 | ▼ −0.90% | ▼ −1.45% | $337.42 (−0.46%) |
Sep 24, 2026 4w ago | Insider Cluster | $335.94 $328.12 | ▲ +2.33% | ▲ +1.58% | $337.42 (−0.44%) |
Sep 22, 2026 5w ago | Insider Cluster | $334.81 $334.00 | ▼ −0.24% | ▼ −0.16% | $337.42 (+0.78%) |
US Market Status
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