The $42.8M insider cluster is dominated by co-founder Benoit Dageville's $35.9M sale, which is likely part of a pre-arranged 10b5-1 plan or diversification. At 0.05% of market cap, the sales are trivial relative to company size. No C-suite executives (CEO, CFO) participated. Monitor for any 8-K or material event that could explain the timing, but this cluster alone does not warrant a bearish read.
Price Chart
Executive Summary
Five Snowflake insiders, including co-founder Benoit Dageville and former CEO Frank Slootman, sold a total of $42.8M in stock over a one-week window. Director Dageville's $35.9M sale dominates the cluster. While the dollar amount is material, the sales are likely driven by pre-arranged 10b5-1 plans or diversification, not a shared bearish view, given the lack of C-suite participation and the company's $90.6B market cap.
Key Financial Metrics
Key Facts
- Five insiders sold a total of $42.8M in stock over a 7-day window ending July 6, 2026.
- Director Benoit Dageville sold $35.86M (140.8K shares), representing 84% of the cluster's total value.
- Director Frank Slootman sold $6.18M (24.7K shares).
- No C-suite executives (CEO, CFO) participated in the cluster.
- Total sales represent approximately 0.05% of Snowflake's $90.6B market cap.
- The cluster includes 20 additional small trades by Director Speiser totaling ~$4.0M on July 6, 2026.
Financial Impact
Total insider sales of $42.8M represent approximately 0.05% of Snowflake's $90.6B market cap — well below the 0.1% materiality threshold.
Risk Factors
- Insider sales by a co-founder and former CEO could be misinterpreted as a negative signal by the market.
- No C-suite participation means the cluster lacks the strongest informational signal.
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-1783577016762 |
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
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