Snowflake Inc. (NYSE: SNOW) EVP sells 10,000 shares in pre-set 10b5-1 trade
Rhea-AI Filing Summary
Snowflake Inc. executive Christian Kleinerman, EVP of Product Management, reported selling 10,000 shares of Snowflake common stock on August 3, 2026 in two open-market transactions (5,000 shares at $293.99 and 5,000 shares at $300.00). The sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted on December 26, 2025. He reports continued indirect ownership, including 33,568 shares held by the Kleinerman 2020 Dynasty LLC and 32,716, 85,085, 100,000 and 100,000 shares held in 2023, 2024, 2025 and 2026 Grantor Retained Annuity Trusts for which he serves as manager or trustee.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
7 txns
Insider
Kleinerman Christian
Role
EVP, Product Management
Sold
10,000 shs ($2.97M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 5,000 | $293.99 | $1.47M |
| Sale | Common Stock F1, F2 | 5,000 | $300.00 | $1.50M |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 365,379 shares (Direct);
Common Stock — 33,568 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 (7)
- F1. The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 26, 2025.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. 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.
- F4. Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.
- F5. Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee.
- F6. Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025 for which the Reporting Person is the trustee.
- F7. 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
Shares sold at $293.99: 5,000 shares
Shares sold at $300.00: 5,000 shares
Total shares sold: 10,000 shares
+5 more
8 metrics
Shares sold at $293.99
5,000 shares
Open-market sale of common stock on August 3, 2026 at $293.99 per share
Shares sold at $300.00
5,000 shares
Open-market sale of common stock on August 3, 2026 at $300.00 per share
Total shares sold
10,000 shares
Aggregate of two reported sales of Snowflake common stock
10b5-1 plan adoption date
December 26, 2025
Date Christian Kleinerman adopted the Rule 10b5-1 trading plan used for these sales
Kleinerman 2020 Dynasty LLC holdings
33,568 shares
Indirect Snowflake common stock holdings via Kleinerman 2020 Dynasty LLC
2023 GRAT holdings
32,716 shares
Indirect Snowflake common stock holdings via Christian Kleinerman 2023 GRAT
2024 GRAT holdings
85,085 shares
Indirect Snowflake common stock holdings via Christian Kleinerman 2024 GRAT
2025 and 2026 GRAT holdings
100,000 shares each
Indirect Snowflake common stock holdings via 2025 and 2026 GRATs
Key Terms
Rule 10b5-1 trading plan, Grantor Retained Annuity Trust, Dynasty LLC
3 terms
Rule 10b5-1 trading plan financial
"The sales reported in this Form 4 were 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.
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.
Dynasty LLC financial
"Shares are held by the Kleinerman 2020 Dynasty LLC for which the Reporting Person is the manager"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Snowflake (SNOW) EVP Christian Kleinerman report?
Christian Kleinerman reported selling 10,000 Snowflake (SNOW) shares of common stock on August 3, 2026, in two separate open-market transactions, while continuing to hold shares indirectly through an LLC and several Grantor Retained Annuity Trusts.
Was the Snowflake (SNOW) insider sale by Christian Kleinerman under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Christian Kleinerman on December 26, 2025, indicating the trades followed a pre-established trading schedule.
What indirect Snowflake (SNOW) holdings does Christian Kleinerman report in Grantor Retained Annuity Trusts?
He reports indirect holdings of 32,716, 85,085, 100,000 and 100,000 SNOW shares in the 2023, 2024, 2025 and 2026 Grantor Retained Annuity Trusts, respectively, for which he serves as trustee.