Snowflake EVP Kleinerman sells 10,000 shares
The EVP, Product Management is identified as trustee for the 2024, 2025 and 2026 Grantor Retained Annuity Trusts.
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Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. EVP, Product Management Christian Kleinerman sold 10,000 common shares on November 2, 2026, at $306.01 per share under a Rule 10b5-1 trading plan adopted December 26, 2025. After the sale, he reported 303,738 directly held shares, including shares to be issued in connection with vesting of restricted stock units. He also reported indirect holdings of 85,085 shares through the 2024 Grantor Retained Annuity Trust and 100,000 shares through each of the 2025 and 2026 trusts.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
1 txn
Insider
Kleinerman Christian
Role
EVP, Product Management
Sold
10,000 shs ($3.06M)
Share of Position Sold
3.2%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 10,000 | $306.01 | $3.06M |
| Holding | Common Stock F3 | -- | -- | -- |
| Holding | Common Stock F4 | -- | -- | -- |
| Holding | Common Stock F5 | -- | -- | -- |
| Holding | Common Stock F6 | -- | -- | -- |
| Holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 303,738 shares (Direct);
Common Stock — 29,806 shares (Indirect, LLC);
Common Stock — 85,085 shares (Indirect, 2024 GRAT);
Common Stock — 100,000 shares (Indirect, 2025 GRAT);
Common Stock — 100,000 shares (Indirect, 2026 GRAT)
Holdings Before and After:
Common Stock, 313,738 to 303,738 shares (Direct)
Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (7)
- F1. The sale reported in this Form 4 was 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 Kleinerman 2020 Nonexempt LLC for which the Reporting Person is the manager and the Reporting Person's immediate family members are the beneficiaries of a trust that is the sole member.
- 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: 10,000 shares
Sale price per share: $306.01
Direct shares after sale: 303,738 shares
+3 more
6 metrics
Shares sold
10,000 shares
November 2, 2026
Sale price per share
$306.01
November 2, 2026 sale
Direct shares after sale
303,738 shares
After the November 2, 2026 sale; includes shares to be issued in connection with vesting of one or more restricted stock units
2024 Grantor Retained Annuity Trust shares
85,085 shares
Indirect holding reported after the November 2, 2026 sale
2025 Grantor Retained Annuity Trust shares
100,000 shares
Indirect holding reported after the November 2, 2026 sale
2026 Grantor Retained Annuity Trust shares
100,000 shares
Indirect holding reported after the November 2, 2026 sale
Key Terms
10b5-1 trading plan, restricted stock units, Grantor Retained Annuity Trust
3 terms
10b5-1 trading plan regulatory
"effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
restricted stock units financial
"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.
Grantor Retained Annuity Trust financial
"Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024"
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.
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