Snowflake exec sells 25,000 shares in plan
Snowflake’s EVP of Product Management sold 25,000 SNOW shares under a pre-set 10b5-1 plan while retaining significant direct and trust-held ownership.
Rhea-AI Filing Summary
Snowflake Inc. insider Christian Kleinerman, EVP of Product Management, reported open-market sales of 25,000 shares of common stock in early September 2026, including 10,000 indirect shares held by an LLC and 15,000 shares held directly. The sales were effected under a Rule 10b5-1 trading plan adopted on December 26, 2025. After these transactions, he reports 325,379 shares held directly (including shares to be issued from vesting RSUs), plus substantial additional indirect holdings through an LLC and multiple Grantor Retained Annuity Trusts.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 25,000 shares
Net Sell
6 txns
Insider
Kleinerman Christian
Role
EVP, Product Management
Sold
25,000 shs ($8.68M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F3 | 10,000 | $380.00 | $3.80M |
| Sale | Common Stock F1, F2 | 15,000 | $325.57 | $4.88M |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 325,379 shares (Direct);
Common Stock — 18,568 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 September 3, 2026: 10,000 shares at $380.00 per share
Shares sold September 1, 2026: 15,000 shares at $325.57 per share
Total shares sold in reported period: 25,000 shares
+5 more
8 metrics
Shares sold September 3, 2026
10,000 shares at $380.00 per share
Indirect sale of Snowflake common stock via LLC
Shares sold September 1, 2026
15,000 shares at $325.57 per share
Direct sale of Snowflake common stock
Total shares sold in reported period
25,000 shares
Net-sell direction across reported transactions
Direct holdings after transactions
325,379 shares
Common stock held directly, including shares to be issued from RSU vesting
Indirect LLC holdings after transactions
18,568 shares
Shares held by Kleinerman 2020 Dynasty LLC
2023 GRAT holdings
32,716 shares
Shares held by the 2023 Grantor Retained Annuity Trust
2024 GRAT holdings
85,085 shares
Shares held by the 2024 Grantor Retained Annuity Trust
2025 and 2026 GRAT holdings
100,000 shares each
Shares held by the 2025 and 2026 Grantor Retained Annuity Trusts
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Dynasty LLC, Grantor Retained Annuity Trust
4 terms
Rule 10b5-1 trading plan regulatory
"sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan"
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.
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.
Dynasty LLC financial
"Shares are held by the Kleinerman 2020 Dynasty LLC for which the Reporting Person is the manager"
Grantor Retained Annuity Trust financial
"Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023"
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.
FAQ
What insider stock sales did SNOW officer Christian Kleinerman report?
He reported selling 25,000 shares of Snowflake common stock, consisting of 10,000 indirectly held shares on September 3, 2026 and 15,000 directly held shares on September 1, 2026, both described as sales in the open market or private transactions.
Were the SNOW insider sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by Christian Kleinerman on December 26, 2025, indicating the trades were pre-arranged under that plan.
How are Christian Kleinerman’s indirect SNOW holdings structured?
Indirect holdings include 18,568 shares in the Kleinerman 2020 Dynasty LLC, where he is manager and family members are beneficiaries, and four Grantor Retained Annuity Trusts dated 2023, 2024, 2025, and 2026 holding 32,716, 85,085, 100,000, and 100,000 shares respectively.
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