[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sale under a pre-established plan and continued large ownership. Snowflake executive Christian Kleinerman reported a sale of 10,000 shares of Snowflake Inc. common stock on 09/02/2025 at a reported price of $233.50 per share. The sale was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 19, 2024. After the transaction the reporting person beneficially owns 527,336 shares directly and additionally reports indirect holdings through Kleinerman 2020 Dynasty LLC (48,568 shares) and three Grantor Retained Annuity Trusts holding 33,499, 100,000 and 100,000 shares respectively. The Form 4 is signed by an attorney-in-fact on 09/04/2025.

Positive

• Sale effected under a 10b5-1 trading plan adopted December 19, 2024, which can reduce questions about opportunistic timing
• Significant residual ownership with 527,336 shares directly and additional indirect holdings through an LLC and three GRATs

Negative

• Disposition of 10,000 shares on 09/02/2025 at $233.50 per share, reducing direct holdings
• Form 4 shows complex indirect ownership structures (LLC and multiple GRATs) which may complicate assessments of true economic exposure

Insights

Financial Analyst

TL;DR: Small controlled sale under a 10b5-1 plan; executive retains substantial equity exposure.

The 10,000-share sale at $233.50 represents a modest disposition relative to the reported direct beneficial ownership of 527,336 shares. Sales executed under a 10b5-1 plan reduce questions about opportunistic timing but do not provide insight into future company performance. The large remaining direct and indirect holdings indicate continued alignment with shareholder outcomes, while the multiple trust and LLC holdings suggest tax and estate planning rather than trading for liquidity.

Corporate Governance Expert

TL;DR: Transaction appears routine and compliant; disclosure shows structured indirect holdings.

The filing discloses the use of a 10b5-1 plan adopted December 19, 2024 and appropriate attribution of indirect ownership via an LLC and several GRATs where the reporting person is manager or trustee. Signature by an attorney-in-fact is properly noted. There are no indications of insider trading issues in this filing; the detailed breakdown of indirect holdings improves transparency for investors assessing insider alignment.

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)
09/02/2025

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	09/02/2025		S(1)		10,000	D	$233.5	527,336(2)	D
Common Stock								48,568	I	LLC(3)
Common Stock								33,499	I	2022 GRAT(4)
Common Stock								100,000	I	2023 GRAT(5)
Common Stock								100,000	I	2024 GRAT(6)

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. 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.

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

3. 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.

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

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

6. 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	09/04/2025
	** 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 transaction did Christian Kleinerman file for SNOW on this Form 4?

He reported a sale of 10,000 shares of Snowflake Inc. common stock on 09/02/2025 at $233.50 per share.

Was the sale by Christian Kleinerman part of a 10b5-1 trading plan?

Yes. The Form 4 states the sale was effected pursuant to a 10b5-1 trading plan adopted December 19, 2024.

How many SNOW shares does Christian Kleinerman beneficially own after the reported transaction?

527,336 shares directly plus indirect holdings: 48,568 (LLC), 33,499 (2022 GRAT), 100,000 (2023 GRAT), and 100,000 (2024 GRAT).

Who signed the Form 4 filing for Christian Kleinerman?

The Form 4 was signed by Marie Reider, Attorney-in-Fact, with the signature date 09/04/2025.

Do the indirect holdings belong to trusts or an LLC?

Both. Indirect holdings are reported in Kleinerman 2020 Dynasty LLC and three Grantor Retained Annuity Trusts (2022, 2023, 2024).