Snowflake EVP sells 2,621 shares under 10b5-1 plan
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.
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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.
Insider Trade Summary 10b5-1
Net Seller: 2,621 shares
Net Sell
9 txns
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 |
| Exercise Price or Tax Liability | Common Stock | 1,793 | $232.29 | $416K |
| Exercise Price or Tax Liability | 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);
Common Stock — 43,554 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 (9)
- F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.
- F7. Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee.
- F8. Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025 for which the Reporting Person is the trustee.
- F9. 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
Open-market sale: 2,621 shares at $228.45
Direct holdings after sale: 400,379 shares
Tax-withholding dispositions: 2,652 shares at $232.29
+4 more
7 metrics
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
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Grantor Retained Annuity Trust, Dynasty LLC, +1 more
5 terms
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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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