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Snowflake (SNOW) EVP Kleinerman sells 10,000 shares in 10b5-1 trade

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 10,000 shares of Common Stock on March 2, 2026 at an average price of $165.01 per share. The sale was effected under a Rule 10b5-1 trading plan adopted on December 19, 2024.

After this transaction, Kleinerman directly held 510,477 Common Stock shares. He also reported indirect holdings through several entities, including LLCs and grantor retained annuity trusts, each with separately listed share amounts.

Positive

  • None.

Negative

  • None.
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 CA 94025

(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 03/02/2026 S(1) 10,000 D $165.01 510,477(2) D
Common Stock 38,568 I LLC(3)
Common Stock 5,086 I LLC(4)
Common Stock 32,716 I 2023 GRAT(5)
Common Stock 85,085 I 2024 GRAT(6)
Common Stock 100,000 I 2025 GRAT(7)
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. The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 19, 2024.
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.
Remarks:
/s/ Marie Reider, Attorney-in-Fact 03/03/2026
** 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.

FAQ

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

Christian Kleinerman reported selling 10,000 shares of Snowflake Common Stock. The shares were sold in an open-market transaction on March 2, 2026 under a Rule 10b5-1 trading plan adopted on December 19, 2024.

At what price did Snowflake (SNOW) EVP Christian Kleinerman sell shares?

He sold 10,000 Snowflake Common Stock shares at an average price of $165.01 per share. This open-market sale on March 2, 2026 was executed pursuant to a Rule 10b5-1 trading plan adopted on December 19, 2024.

How many Snowflake (SNOW) shares does Christian Kleinerman hold directly after the sale?

Following the reported transaction, Christian Kleinerman directly held 510,477 shares of Snowflake Common Stock. This figure reflects his direct ownership after selling 10,000 shares in an open-market transaction dated March 2, 2026 under a Rule 10b5-1 plan.

Does Snowflake (SNOW) EVP Christian Kleinerman have indirect share holdings?

Yes, he reported indirect ownership of Snowflake Common Stock through entities including LLCs and grantor retained annuity trusts. Each entity, such as the Kleinerman 2020 Dynasty LLC and various GRATs, has a separately stated share balance following the March 2, 2026 reporting date.

Was the Snowflake (SNOW) insider sale by Christian Kleinerman under a trading plan?

The filing states the sale was effected under a Rule 10b5-1 trading plan. This plan was adopted by Christian Kleinerman on December 19, 2024 and governed the March 2, 2026 open-market sale of 10,000 Snowflake Common Stock shares.

What role does Christian Kleinerman hold at Snowflake (SNOW)?

Christian Kleinerman is listed as an officer of Snowflake serving as EVP, Product Management. This title appears in connection with his Form 4 insider report detailing a March 2, 2026 open-market sale of 10,000 shares of Snowflake Common Stock.
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