Snowflake EVP Kleinerman sells 30,000 SNOW shares
Snowflake Inc. executive Christian Kleinerman, EVP of Product Management, reported selling 30,000 shares of common stock on August 7, 2026 at $325.00 per share in open-market transactions under a Rule 10b5-1 trading plan adopted on December 26, 2025.
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Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. executive Christian Kleinerman, EVP of Product Management, reported selling 30,000 shares of common stock on August 7, 2026 at $325.00 per share in open-market transactions under a Rule 10b5-1 trading plan adopted on December 26, 2025. Following these sales, he holds 340,379 shares directly and additional indirect positions, including 28,568 shares through Kleinerman 2020 Dynasty LLC and interests held via several Grantor Retained Annuity Trusts.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares
Net Sell
6 txns
Insider
Kleinerman Christian
Role
EVP, Product Management
Sold
30,000 shs ($9.75M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 25,000 | $325.00 | $8.13M |
| Sale | Common Stock F1, F3 | 5,000 | $325.00 | $1.63M |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 340,379 shares (Direct);
Common Stock — 28,568 shares (Indirect, LLC);
Common Stock — 32,716 shares (Indirect, 2023 GRAT);
Common Stock — 85,085 shares (Indirect, 2024 GRAT);
Common Stock — 100,000 shares (Indirect, 2025 GRAT);
Common Stock — 100,000 shares (Indirect, 2026 GRAT)
Footnotes (7)
- F1. The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 26, 2025.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. 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.
- F4. Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.
- F5. Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee.
- F6. Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025 for which the Reporting Person is the trustee.
- F7. Shares are held by the Christian Kleinerman 2026 Grantor Retained Annuity Trust dated May 30, 2026 for which the Reporting Person is the trustee.
Key Figures
Shares sold: 30,000 shares
Sale price: $325.00 per share
Direct holdings after sale: 340,379 shares
+5 more
8 metrics
Shares sold
30,000 shares
Total Snowflake common shares sold on August 7, 2026
Sale price
$325.00 per share
Price for both reported common stock sale transactions
Direct holdings after sale
340,379 shares
Direct Snowflake common stock held by Christian Kleinerman after transactions
LLC indirect holdings
28,568 shares
Snowflake shares held by Kleinerman 2020 Dynasty LLC after sale
2023 GRAT holdings
32,716 shares
Snowflake shares held by Christian Kleinerman 2023 Grantor Retained Annuity Trust
2024 GRAT holdings
85,085 shares
Snowflake shares held by Christian Kleinerman 2024 Grantor Retained Annuity Trust
2025 GRAT holdings
100,000 shares
Snowflake shares held by Christian Kleinerman 2025 Grantor Retained Annuity Trust
2026 GRAT holdings
100,000 shares
Snowflake shares held by Christian Kleinerman 2026 Grantor Retained Annuity Trust
Key Terms
Rule 10b5-1 trading plan, Grantor Retained Annuity Trust, Dynasty LLC, restricted stock units
4 terms
Rule 10b5-1 trading plan regulatory
"The sales ... were effected pursuant to a 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Grantor Retained Annuity Trust financial
"Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Dynasty LLC financial
"Shares are held by the Kleinerman 2020 Dynasty LLC for which the Reporting Person is the manager"
restricted stock units financial
"Includes shares to be issued in connection with the vesting of one or more restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Snowflake (SNOW) EVP Christian Kleinerman report in this Form 4?
Christian Kleinerman reported selling 30,000 Snowflake common shares on August 7, 2026 at $325.00 per share, and updated his direct and indirect shareholdings including LLC and GRAT-related positions.
Was the Snowflake (SNOW) insider sale under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected pursuant to a 10b5-1 trading plan adopted by Christian Kleinerman on December 26, 2025, indicating the trades were pre-arranged under that plan.
What are Christian Kleinerman’s direct Snowflake (SNOW) holdings after the sale?
After the August 7, 2026 transactions, Christian Kleinerman directly holds 340,379 Snowflake common shares. A footnote notes this amount includes shares to be issued upon vesting of one or more restricted stock units.
What indirect Snowflake (SNOW) holdings are reported for Christian Kleinerman?
He reports 28,568 shares held via the Kleinerman 2020 Dynasty LLC and additional indirect holdings of 32,716, 85,085, 100,000, and 100,000 shares through separate Grantor Retained Annuity Trusts for which he is trustee.
What role do GRATs play in Christian Kleinerman’s Snowflake (SNOW) ownership?
Several trusts titled as Grantor Retained Annuity Trusts (dated 2023, 2024, 2025, and 2026) together hold multiple Snowflake share blocks, with Kleinerman disclosed as trustee for each of these GRATs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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