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Snowflake (SNOW) EVP sells 2,500 shares, holds 397,879 after trade

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Snowflake Inc. EVP of Product Management Christian Kleinerman reported an open-market sale of 2,500 shares of Common Stock at $258.56 per share. The transaction was executed under a Rule 10b5-1 trading plan adopted on December 26, 2025, indicating it was pre-scheduled. Following the sale, he holds 397,879 shares directly. He also has indirect holdings through various entities, including Grantor Retained Annuity Trusts dated 2023, 2024, 2025, and 2026, as well as two Kleinerman 2020 LLCs and a 2025 GRAT and 2026 GRAT.

Positive

  • None.

Negative

  • None.
Insider Kleinerman Christian
Role EVP, Product Management
Sold 2,500 shs ($646K)
Type Security Shares Price Value
Sale Common Stock 2,500 $258.56 $646K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 397,879 shares (Direct, null); Common Stock — 38,568 shares (Indirect, LLC)
Footnotes (1)
  1. 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. Includes shares to be issued in connection with the vesting of one or more restricted stock units. 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. 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. Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee. Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee. Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025 for which the Reporting Person is the trustee. Shares are held by the Christian Kleinerman 2026 Grantor Retained Annuity Trust dated May 30, 2026 for which the Reporting Person is the trustee.
Shares sold 2,500 shares Open-market sale of Common Stock
Sale price $258.56 per share Price for the 2,500-share sale
Direct holdings after sale 397,879 shares Common Stock held directly following transaction
2026 GRAT indirect holding 100,000 shares Common Stock held via 2026 Grantor Retained Annuity Trust
2025 GRAT indirect holding 100,000 shares Common Stock held via 2025 Grantor Retained Annuity Trust
2024 GRAT indirect holding 85,085 shares Common Stock held via 2024 Grantor Retained Annuity Trust
2023 GRAT indirect holding 32,716 shares Common Stock held via 2023 Grantor Retained Annuity Trust
Kleinerman 2020 LLC holdings 4,986 and 38,568 shares Common Stock held via two Kleinerman 2020 LLC entities
Rule 10b5-1 trading plan financial
"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."
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.
Grantor Retained Annuity Trust financial
"Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee."
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 and the Reporting Person's immediate family members are the beneficiaries."
Nonexempt LLC financial
"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."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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.
135 CONSTITUTION DRIVE
(Street)
MENLO PARK CALIFORNIA 94025
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Snowflake Inc. [ SNOW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Product Management
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock07/01/2026S(1)2,500D$258.56397,879(2)D
Common Stock38,568ILLC(3)
Common Stock4,986ILLC(4)
Common Stock32,716I2023 GRAT(5)
Common Stock85,085I2024 GRAT(6)
Common Stock100,000I2025 GRAT(7)
Common Stock100,000I2026 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 26, 2025.
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 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.
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.
7. Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025 for which the Reporting Person is the trustee.
8. Shares are held by the Christian Kleinerman 2026 Grantor Retained Annuity Trust dated May 30, 2026 for which the Reporting Person is the trustee.
Remarks:
/s/ Marie Reider, Attorney-in-Fact07/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Snowflake (SNOW) EVP Christian Kleinerman report?

Christian Kleinerman reported an open-market sale of 2,500 shares of Snowflake Common Stock. The transaction was coded as a sale and is reflected as a non-derivative transaction in his Form 4 insider filing.

At what price did the Snowflake (SNOW) EVP sell shares?

The 2,500 Snowflake shares were sold at $258.56 per share. This sale price is specifically disclosed in the Form 4 and applies to the reported open-market sale transaction.

Was the Snowflake (SNOW) insider sale under a Rule 10b5-1 plan?

Yes. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan adopted on December 26, 2025. Such plans pre-schedule trades, reducing the significance of trade timing as a signal.

How many Snowflake (SNOW) shares does the EVP hold after the transaction?

After the sale, Christian Kleinerman holds 397,879 Snowflake shares directly. The Form 4 also shows additional indirect holdings through several Grantor Retained Annuity Trusts and LLC entities associated with him and his family.

What indirect Snowflake (SNOW) holdings are reported for the EVP?

Indirect holdings include 100,000 shares in a 2026 GRAT, 100,000 shares in a 2025 GRAT, 85,085 and 32,716 shares in 2024 and 2023 GRATs, plus 4,986 and 38,568 shares in Kleinerman 2020 LLC entities. These are noted as indirect ownership.

Does the Snowflake (SNOW) Form 4 mention restricted stock units (RSUs)?

Yes. A footnote explains the reported holdings include shares to be issued upon vesting of one or more restricted stock units. This means some disclosed share amounts reflect future issuances tied to RSU vesting.