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Snowflake (SNOW) EVP Kleinerman logs 2,500-share sale under 10b5-1 plan

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 2,500 shares of common stock on July 14, 2026 at $275.00 per share, effected under a 10b5-1 trading plan adopted on December 26, 2025. Following the sale, he holds 395,379 shares directly and additional indirect interests through family LLCs and Grantor Retained Annuity Trusts.

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Insider Kleinerman Christian
Role EVP, Product Management
Sold 2,500 shs ($688K)
Type Security Shares Price Value
Sale Common Stock 2,500 $275.00 $688K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 395,379 shares (Direct); 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 Common stock sold in open-market transaction on July 14, 2026
Sale price $275.00 per share Price received for 2,500 shares of Snowflake common stock
Direct holdings after sale 395,379 shares Direct Snowflake common stock owned by Kleinerman following the reported transaction
2026 GRAT holdings 100,000 shares Indirect Snowflake common stock held via the 2026 Grantor Retained Annuity Trust
2025 GRAT holdings 100,000 shares Indirect Snowflake common stock held via the 2025 Grantor Retained Annuity Trust
2024 GRAT holdings 85,085 shares Indirect Snowflake common stock held via the 2024 Grantor Retained Annuity Trust
2023 GRAT holdings 32,716 shares Indirect Snowflake common stock held via the 2023 Grantor Retained Annuity Trust
LLC holdings 38,568 shares Indirect Snowflake common stock held via a Kleinerman family LLC
10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan"
A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
Grantor Retained Annuity Trust financial
"Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023"
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.
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.
Dynasty LLC financial
"Shares are held by the Kleinerman 2020 Dynasty LLC for which the Reporting Person is the manager"
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FAQ

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

Christian Kleinerman reported an open-market sale of 2,500 Snowflake common shares on July 14, 2026 at $275.00 per share. The transaction was executed under a pre-arranged 10b5-1 trading plan adopted on December 26, 2025.

How many Snowflake (SNOW) shares does Kleinerman hold after the July 2026 sale?

After the reported sale, Christian Kleinerman holds 395,379 Snowflake shares directly. He also reports additional indirect holdings through family LLCs and Grantor Retained Annuity Trusts, each of which lists specific post-transaction share balances.

Was Kleinerman’s Snowflake (SNOW) share sale made under a 10b5-1 plan?

Yes. The filing states the sale was effected pursuant to a 10b5-1 trading plan adopted by Christian Kleinerman on December 26, 2025, indicating the transaction was pre-scheduled rather than discretionary market timing.

What price did Christian Kleinerman receive for his sold Snowflake (SNOW) shares?

The filing reports that 2,500 Snowflake shares were sold at a price of $275.00 per share. This transaction was an open-market or private sale as categorized in the Form 4 transaction details.

What indirect Snowflake (SNOW) holdings does Kleinerman report?

Kleinerman reports indirect holdings in 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 family LLCs.

Are any of Kleinerman’s Snowflake (SNOW) holdings linked to restricted stock units?

A footnote explains that certain reported holdings include shares to be issued in connection with the vesting of one or more restricted stock units, indicating some future share delivery tied to equity awards.
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)
07/14/2026
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 Stock07/14/2026S(1)2,500D$275395,379(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-Fact07/16/2026
** 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)