[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider Form 4: Snowflake Inc. (SNOW) The filing discloses transactions by Christian Kleinerman, EVP Product Management. On 09/08/2025, 560 and 908 shares were disposed of via withholding to satisfy taxes on vested restricted stock units at a reported price of $225.58 per share, and on 09/09/2025 another 548 shares were sold at $223.86 under a 10b5-1 trading plan adopted December 19, 2024. After these transactions the reporting person beneficially owns 555,189 shares directly (including shares to be issued for vesting RSUs) and additional indirect holdings: 48,568 shares via Kleinerman 2020 Dynasty LLC and three grantor retained annuity trusts holding 5,086, 100,000 and 100,000 shares respectively. The Form 4 is signed by an attorney-in-fact on 09/10/2025.

Positive

• Use of 10b5-1 plan indicates trades were pre-planned and compliant with insider trading rules
• Remaining beneficial ownership remains substantial (555,189 shares direct plus trusts/LLC), indicating continued insider alignment

Negative

• None.

Insights

Securities Analyst

TL;DR: Small scheduled insider sales and tax-withholding on RSU vesting; no evidence of unexpected divestiture or loss of control.

The transactions consist primarily of share withholding to cover taxes on vested restricted stock units and a modest sale executed under a pre-established 10b5-1 plan. The volumes disclosed (hundreds of shares) are immaterial relative to large-cap company float and do not indicate extraordinary disposition. Beneficial ownership remains concentrated through direct holdings and related trusts/LLC, reflecting continued alignment with the company.

Corporate Governance Expert

TL;DR: Transactions follow standard executive compensation and pre-set trading plan protocols; governance practices appear routine.

The filing documents routine tax-withholding on RSU vesting and a sale under a 10b5-1 plan adopted prior to the transactions, which supports procedural compliance and reduces insider trading concerns. Indirect holdings through family trust and LLC are disclosed, preserving transparency about potential influence. No unusual concentration shifts or governance red flags are present in the disclosed activity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kleinerman Christian

(Last) (First) (Middle)

C/O SNOWFLAKE INC.

106 EAST BABCOCK STREET, SUITE 3A

(Street)

BOZEMAN MT 59715

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Snowflake Inc. [ SNOW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Product Management

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/08/2025		F(1)		560	D	$225.58	555,189(2)(3)	D
Common Stock	09/08/2025		F(1)		908	D	$225.58	554,281(2)	D
Common Stock	09/09/2025		S(4)		548	D	$223.86	553,733(2)	D
Common Stock								48,568	I	LLC(5)
Common Stock								5,086(3)	I	2022 GRAT(6)
Common Stock								100,000	I	2023 GRAT(7)
Common Stock								100,000	I	2024 GRAT(8)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.

2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.

3. Reflects the distribution of 28,413 shares from the Christian Kleinerman 2022 Grantor Retained Annuity Trust to the Reporting Person as an annuity payment on September 4, 2025.

4. The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 19, 2024.

5. Shares are held by the Kleinerman 2020 Dynasty LLC for which the Reporting Person is the manager and the Reporting Person's immediate family members are the beneficiaries.

6. Shares are held by the Christian Kleinerman 2022 Grantor Retained Annuity Trust dated June 24, 2022 for which the Reporting Person is the trustee.

7. Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.

8. Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	09/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider sold shares of SNOW according to this Form 4?

The reporting person is Christian Kleinerman, EVP, Product Management at Snowflake Inc.

How many shares were sold and at what prices?

Shares withheld for taxes: 560 and 908 at $225.58; an additional 548 shares were sold at $223.86.

Were the sales part of a pre-established trading plan?

Yes. The 548-share sale was executed pursuant to a 10b5-1 trading plan adopted on December 19, 2024.

How many shares does the reporting person beneficially own after these transactions?

The filing reports 555,189 shares beneficially owned following the reported transactions, plus indirect holdings via an LLC and three GRATs.

What indirect holdings are disclosed?

Indirect holdings include 48,568 shares in Kleinerman 2020 Dynasty LLC and shares in three grantor retained annuity trusts holding 5,086, 100,000, and 100,000 shares respectively.