The selling by a director (Dageville) and an EVP (Kleinerman) is notable for its concentration, but the dollar amount is trivial relative to market cap. The lack of any insider buying and the absence of a clear 10b5-1 pattern suggest potential negative sentiment from insiders. However, given the small proportional size, this is unlikely to move the stock significantly on its own. Monitor for any upcoming earnings or material events that could explain the selling.
Price Chart
Executive Summary
Snowflake insiders sold $15.5M in stock over a 7-day window, led by Director Benoit Dageville ($14M) and EVP Christian Kleinerman ($1.5M). This is the largest insider selling cluster at Snowflake in the past 30 days, which saw $26.6M in total sales. The selling is concentrated and material relative to the company's $109.8B market cap (0.014%), but the dollar amount is modest at 0.014% of market cap, falling below the 0.1% threshold for materiality. The cluster is entirely sells, with no buys, and the selling is not part of a regular 10b5-1 pattern based on the irregular sizes and dates.
Key Financial Metrics
Key Facts
- Director Benoit Dageville sold 50,000 shares for $14M on 2026-07-29
- EVP Christian Kleinerman sold 5,000 shares for $1.5M on 2026-08-03
- Total insider selling cluster: $15.5M over 7 days
- Cluster represents 0.014% of Snowflake's $109.8B market cap
- No insider purchases in the cluster window
- Prior 30-day insider activity: 8 sells totaling $26.6M
Financial Impact
$15.5M in insider selling, 0.014% of market cap
Risk Factors
- Insider selling may signal lack of confidence in near-term prospects
- No insider buying to offset the selling signal
- Cluster follows a period of elevated insider selling ($26.6M in 30 days)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SNOW-1785975258093 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 15d ago | 144 | $331.02 $334.81 | ▼ −1.14% | ▲ +0.68% | $341.99 (−3.31%) |
Sep 11, 2026 21d ago | Insider Cluster | $328.99 $332.43 | ▲ +1.05% | ▲ +1.27% | $341.99 (+3.95%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▲ +1.43% | ▲ +0.22% | $341.99 (−1.43%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $341.99 (+1.43%) |
Sep 3, 2026 28d ago | Insider Cluster | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $341.99 (+1.43%) |
Sep 2, 2026 29d ago | 8-K | $356.47 $328.99 | ▼ −7.71% | ▼ −6.56% | $341.99 (−4.06%) |
Aug 28, 2026 4w ago | Insider Cluster | $331.43 $335.50 | ▲ +1.23% | ▲ +1.37% | $341.99 (+3.19%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access