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Snowflake (SNOW) EVP sale, RSU tax withholding and trust holdings detailed

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

Rhea-AI Filing Summary

Snowflake Inc. executive vice president of product management Christian Kleinerman reported an open-market sale of 2,621 shares of common stock on June 23, 2026 at $228.45 per share. The filing notes this sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on December 26, 2025.

On June 22, 2026, a total of 2,652 shares were withheld at $232.29 per share to cover tax obligations related to vesting restricted stock units. After these transactions, Kleinerman directly holds 400,379 shares, with additional indirect holdings through various grantor retained annuity trusts and LLCs, including 100,000 shares in a 2026 GRAT.

Positive

  • None.

Negative

  • None.
Insider Kleinerman Christian
Role EVP, Product Management
Sold 2,621 shs ($599K)
Type Security Shares Price Value
Sale Common Stock 2,621 $228.45 $599K
Tax Withholding Common Stock 1,793 $232.29 $416K
Tax Withholding Common Stock 859 $232.29 $200K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 400,379 shares (Direct, null); Common Stock — 38,568 shares (Indirect, LLC)
Footnotes (1)
  1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. Includes shares to be issued in connection with the vesting of one or more restricted stock units. 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. 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.
Open-market sale 2,621 shares at $228.45 Common Stock sale on June 23, 2026
Direct holdings after sale 400,379 shares Direct Snowflake common stock after reported transactions
Tax-withholding dispositions 2,652 shares at $232.29 RSU-related tax withholding on June 22, 2026
2026 GRAT holdings 100,000 shares Indirect ownership via 2026 Grantor Retained Annuity Trust
2025 GRAT holdings 100,000 shares Indirect ownership via 2025 Grantor Retained Annuity Trust
2024 GRAT holdings 85,085 shares Indirect ownership via 2024 Grantor Retained Annuity Trust
LLC holdings 38,568 shares and 4,986 shares Indirect ownership through two 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
"Represents shares withheld to satisfy tax withholding obligations on the vesting of 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."
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units."
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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)
06/22/2026		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 Stock06/22/2026F(1)1,793D$232.29403,859(2)D
Common Stock06/22/2026F(1)859D$232.29403,000(2)D
Common Stock06/23/2026S(3)2,621D$228.45400,379(2)D
Common Stock38,568ILLC(4)
Common Stock4,986ILLC(5)
Common Stock32,716I2023 GRAT(6)
Common Stock85,085I2024 GRAT(7)
Common Stock100,000I2025 GRAT(8)
Common Stock100,000I2026 GRAT(9)
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. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
3. 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.
4. 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.
5. 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.
6. Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.
7. Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee.
8. Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025 for which the Reporting Person is the trustee.
9. 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-Fact06/24/2026
** 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 did Snowflake (SNOW) EVP Christian Kleinerman report in this Form 4?

Christian Kleinerman reported selling 2,621 Snowflake shares at $228.45 on June 23, 2026 under a Rule 10b5-1 plan. The filing also shows tax-related share withholding and updated direct and indirect shareholdings after these transactions.

How many Snowflake (SNOW) shares did the EVP sell and at what price?

He sold 2,621 shares of Snowflake common stock at $228.45 per share on June 23, 2026. This was an open-market transaction, disclosed as part of his routine reporting of changes in beneficial ownership.

Were the Snowflake (SNOW) insider sales made under a 10b5-1 trading plan?

Yes. The Form 4 states the 2,621-share sale was executed 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 an indicator of insider sentiment.

How many Snowflake (SNOW) shares does Kleinerman hold after these transactions?

Following the reported transactions, Kleinerman directly holds 400,379 Snowflake shares. He also has additional indirect holdings through various grantor retained annuity trusts and LLCs, with positions such as 100,000 shares in a 2026 GRAT and 85,085 shares in a 2024 GRAT.

What indirect Snowflake (SNOW) holdings are reported for Kleinerman?

The filing lists indirect holdings through several entities, including 100,000 shares in a 2026 grantor retained annuity trust, 100,000 shares in a 2025 GRAT, 85,085 shares in a 2024 GRAT, 32,716 shares in a 2023 GRAT, and interests in two LLCs.