Snowflake EVP sells $652K in company shares
Snowflake Inc. executive Christian Kleinerman, EVP of Product Management, reported an open-market sale of 2,729 shares of common stock at $239.00 per share on June 9, 2026, executed under a Rule 10b5-1 trading plan.
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Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. executive Christian Kleinerman, EVP of Product Management, reported an open-market sale of 2,729 shares of common stock at $239.00 per share on June 9, 2026, executed under a Rule 10b5-1 trading plan. After this sale, he directly holds 413,002 shares of Snowflake common stock.
On June 8, 2026, 904 and 1,859 shares were disposed of at $238.26 per share to satisfy tax withholding obligations on restricted stock unit vesting, which are not open-market sales. Kleinerman also has indirect holdings in various entities, including 100,000 shares in the 2026 Grantor Retained Annuity Trust and 38,568 shares in a 2020 Nonexempt LLC for which he serves as manager or trustee.
Insider Trade Summary 10b5-1
Net Seller: 2,729 shares
Net Sell
9 txns
Insider
Kleinerman Christian
Role
EVP, Product Management
Sold
2,729 shs ($652K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,729 | $239.00 | $652K |
| Exercise Price or Tax Liability | Common Stock | 1,859 | $238.26 | $443K |
| Exercise Price or Tax Liability | Common Stock | 904 | $238.26 | $215K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 413,002 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: 2,729 shares at $239.00
Direct holdings after sale: 413,002 shares
Tax withholding disposals: 904 and 1,859 shares at $238.26
+5 more
8 metrics
Open-market sale
2,729 shares at $239.00
Common stock sale on June 9, 2026
Direct holdings after sale
413,002 shares
Common stock directly owned following June 9, 2026 sale
Tax withholding disposals
904 and 1,859 shares at $238.26
Shares withheld for RSU tax obligations on June 8, 2026
2026 GRAT indirect holding
100,000 shares
Common stock in 2026 Grantor Retained Annuity Trust
2025 GRAT indirect holding
100,000 shares
Common stock in 2025 Grantor Retained Annuity Trust
2024 GRAT indirect holding
85,085 shares
Common stock in 2024 Grantor Retained Annuity Trust
2023 GRAT indirect holding
32,716 shares
Common stock in 2023 Grantor Retained Annuity Trust
Nonexempt LLC holding
38,568 shares
Common stock in Kleinerman 2020 Nonexempt LLC
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Grantor Retained Annuity Trust, Dynasty LLC, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
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
"Christian Kleinerman 2026 Grantor Retained Annuity Trust dated May 30, 2026 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"
Nonexempt LLC financial
"Shares are held by the Kleinerman 2020 Nonexempt LLC for which the Reporting Person is the manager"
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 insider transaction did Snowflake (SNOW) report for Christian Kleinerman?
Snowflake reported that EVP of Product Management Christian Kleinerman sold 2,729 shares of common stock in an open-market transaction at $239.00 per share on June 9, 2026, while retaining a much larger direct and indirect share position in the company.
What indirect Snowflake (SNOW) holdings are reported for Christian Kleinerman?
The Form 4 lists indirect Snowflake holdings through entities such as the Kleinerman 2020 Dynasty LLC, a 2020 Nonexempt LLC, and several Grantor Retained Annuity Trusts from 2023 to 2026, where Kleinerman is manager or trustee and his family members are beneficiaries.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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