Snowflake exec sells 2,622 shares at $344.50

Snowflake EVP for Product Management reported a pre-planned stock sale and RSU tax-share withholdings, while maintaining significant indirect holdings via LLCs and GRATs.

Rhea-AI Filing Summary

Snowflake Inc. (SNOW) executive Christian Kleinerman, EVP, Product Management, reported several transactions in common stock. On September 22, 2026, he sold 2,622 shares at $344.50 per share in an open-market transaction effected under a Rule 10b5-1 trading plan adopted December 26, 2025. On September 21, 2026, a total of 2,653 shares were withheld at $332.43 per share to satisfy tax withholding obligations upon vesting of restricted stock units. He also reports indirect holdings through LLCs and Grantor Retained Annuity Trusts, including 85,085 shares in a 2024 GRAT and 100,000 shares each in 2025 and 2026 GRATs.

Insider Trade Summary 10b5-1

Net Seller: 2,622 shares

Net Sell 8 txns

Insider Kleinerman Christian

Role EVP, Product Management

Sold 2,622 shs ($903K)

Type	Security	Shares	Price	Value
Sale	Common Stock F3, F2	2,622	$344.50	$903K
Tax Withholding	Common Stock F1, F2	1,793	$332.43	$596K
Tax Withholding	Common Stock F1, F2	860	$332.43	$286K
holding	Common Stock F4	--	--	--
holding	Common Stock F5	--	--	--
holding	Common Stock F6	--	--	--
holding	Common Stock F7	--	--	--
holding	Common Stock F8	--	--	--

Holdings After Transaction: Common Stock — 328,738 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)

Footnotes (8)

1. F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
2. F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
3. 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.
4. 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.
5. 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.
6. F6. 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. F7. 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. F8. 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 shares: 2,622 shares Open-market sale price: $344.50 per share RSU tax-withholding shares: 2,653 shares +4 more

7 metrics

Open-market sale shares 2,622 shares Common stock sold on September 22, 2026 by Christian Kleinerman

Open-market sale price $344.50 per share Price for 2,622 Snowflake common shares sold September 22, 2026

RSU tax-withholding shares 2,653 shares Shares withheld for tax obligations on RSU vesting on September 21, 2026

RSU tax-withholding price $332.43 per share Value used for 2,653 shares withheld for taxes on September 21, 2026

2024 GRAT indirect holdings 85,085 shares Common stock held indirectly via Christian Kleinerman 2024 Grantor Retained Annuity Trust

2025 GRAT indirect holdings 100,000 shares Common stock held indirectly via Christian Kleinerman 2025 Grantor Retained Annuity Trust

2026 GRAT indirect holdings 100,000 shares Common stock held indirectly via Christian Kleinerman 2026 Grantor Retained Annuity Trust

Key Terms

Rule 10b5-1 trading plan, restricted stock units, Grantor Retained Annuity Trust, tax withholding obligations, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The sale reported ... was effected pursuant to a 10b5-1 trading plan"

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

"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

"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.

tax withholding obligations financial

"shares withheld to satisfy tax withholding obligations on the vesting"

Dynasty LLC financial

"Shares are held by the Kleinerman 2020 Dynasty LLC"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Snowflake (SNOW) executive Christian Kleinerman sell in this Form 4?

He sold 2,622 shares of Snowflake common stock on September 22, 2026 at a price of $344.50 per share in an open-market or private transaction.

Was the SNOW stock sale by Christian Kleinerman under a Rule 10b5-1 plan?

Yes. The filing states the 2,622-share sale on September 22, 2026 was effected pursuant to a Rule 10b5-1 trading plan adopted by Christian Kleinerman on December 26, 2025.

How many Snowflake (SNOW) shares were used to cover Christian Kleinerman’s taxes?

On September 21, 2026, a total of 2,653 shares of Snowflake common stock (tranches of 1,793 and 860 shares) were withheld to satisfy tax withholding obligations on vesting RSUs, at $332.43 per share.

What indirect Snowflake (SNOW) holdings does Christian Kleinerman report?

He reports indirect ownership through entities, including 85,085 shares held by a 2024 Grantor Retained Annuity Trust and 100,000 shares each held by 2025 and 2026 Grantor Retained Annuity Trusts.

What is Christian Kleinerman’s role at Snowflake (SNOW) mentioned in the Form 4?

Christian Kleinerman is identified as EVP, Product Management at Snowflake Inc., and is the reporting person for the transactions disclosed in this Form 4.

Do the RSU-related transactions in this SNOW Form 4 represent market sales?

No. The 2,653 RSU-related shares on September 21, 2026 are reported with a code indicating payment of tax liability by delivering or withholding shares, not open-market sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 07:08 PM Accepted by SEC EDGAR 09/22/2026 - 07:07 PM Learn about SEC filing dates

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.

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Product Management

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/21/2026		F(1)		1,793	D	$332.43	332,220(2)	D
Common Stock	09/21/2026		F(1)		860	D	$332.43	331,360(2)	D
Common Stock	09/22/2026		S(3)		2,622	D	$344.5	328,738(2)	D
Common Stock								18,568	I	LLC(4)
Common Stock								11,238	I	LLC(5)
Common Stock								85,085	I	2024 GRAT(6)
Common Stock								100,000	I	2025 GRAT(7)
Common Stock								100,000	I	2026 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 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-Fact	09/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)