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SEC EDGARSEP 111 min read$SNOW

Dageville Benoit sold $16.8M of SNOW (indirect holdings)

Dageville Benoit sold 50,000 indirectly-held shares of Snowflake Inc. (SNOW) at $335.72 ($16.79M total) on 2026-09-09 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Dageville Benoit
Published Sep 11, 2026, 12:33 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 11, 2026, 12:54 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefInsider activity
Primary signal
$SNOW
Bearish
medium confidence
Mentioned
$SNOW
Relevance
6/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$SNOWBearishLow
01

Why it matters

The transaction provides fresh data on insider holdings and may influence short‑term trading sentiment.

02

Market read

New insider sale could affect Snowflake's stock price and sector sentiment.

03

What to watch

The sale could be for personal liquidity needs unrelated to company performance.

Relevance 6/10Novelty 7/10Timing: after‑hours filing on Sep 10

Background

Form 4 filings disclose insider transactions; a director's sale of $16.8M is a material event.

Company-level read

Ticker impact

$SNOWBearishMedium confidence
Context

Director Benoit sold 50,000 Snowflake shares for $16.8M via a 10b5‑1 plan.

Expected impact

Potential modest downside of 1‑2% over the next few days.

Evidence & confidence

Sale size is material for a director and executed under a pre‑arranged plan, suggesting possible insider outlook shift.

Market effects

Sector

May raise concerns in the cloud‑software sector about insider sentiment.

Regional

Limited to U.S. equity markets where Snowflake trades.

Global

Low global impact; primarily relevant to Snowflake investors.

Counterpoint

What could challenge this read

Insider sales via 10b5‑1 plans are routine and may not reflect negative outlook.

Key entities

  • Company
    Snowflake Inc.

    Cloud data‑warehousing provider.

  • Director
    Benoit Dageville

    Snowflake board member executing a 10b5‑1 sale.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

SNOW insider trading history →

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