Summary by Futu AI
Snowflake Inc. announced that Benoit Dageville, an officer and director of the company, plans to sell 6,250 Class A shares on 12/12/2024. The aggregate market value of the shares to be sold is $1,060,000. These shares were originally acquired through options granted on 02/08/2017.The sale is part of a pre-arranged trading plan adopted on 03/29/2024. Over the past three months, Dageville has sold a total of 152,791 shares for gross proceeds of $25,675,647.11. Notable transactions include two sales of 68,750 shares each on 11/21/2024 and 11/22/2024, generating proceeds of $11,103,125 and $12,031,250 respectively.This planned sale represents a continuation of Dageville's recent trading activity in Snowflake stock. Investors should note that such insider sales can be part of personal financial planning and may not necessarily reflect the executive's view on the company's future performance.