Snowflake (NYSE: SNOW) EVP trades 29,986 shares under 10b5-1 plan
Rhea-AI Filing Summary
Snowflake Inc. executive Christian Kleinerman, EVP, Product Management, reported selling 29,986 shares of common stock at $300.0000 per share on July 31, 2026 under a 10b5-1 trading plan adopted December 26, 2025. After these sales he holds 375,379 shares directly, including shares issuable upon RSU vesting, plus additional indirect holdings in several Grantor Retained Annuity Trusts holding 32,716, 85,085, 100,000 and 100,000 shares.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 29,986 shares
Net Sell
7 txns
Insider
Kleinerman Christian
Role
EVP, Product Management
Sold
29,986 shs ($9.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 20,000 | $300.00 | $6.00M |
| Sale | Common Stock F1, F3 | 5,000 | $300.00 | $1.50M |
| Sale | Common Stock F1, F4 | 4,986 | $300.00 | $1.50M |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
| holding | Common Stock F8 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 375,379 shares (Direct);
Common Stock — 0 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 (8)
- 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 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.
- F5. Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.
- 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.
- 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.
- 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
Shares sold: 29986 shares
Sale price: $300.0000 per share
Direct holdings after sale: 375379 shares
+5 more
8 metrics
Shares sold
29986 shares
Total common shares sold on 2026-07-31
Sale price
$300.0000 per share
Price per share for each reported sale
Direct holdings after sale
375379 shares
Shares held directly by Christian Kleinerman following transactions
2023 GRAT holdings
32716 shares
Shares held by the 2023 Grantor Retained Annuity Trust
2024 GRAT holdings
85085 shares
Shares held by the 2024 Grantor Retained Annuity Trust
2025 GRAT holdings
100000 shares
Shares held by the 2025 Grantor Retained Annuity Trust
2026 GRAT holdings
100000 shares
Shares held by the 2026 Grantor Retained Annuity Trust
10b5-1 plan adoption date
December 26, 2025
Adoption date of 10b5-1 trading plan governing these sales
Key Terms
10b5-1 trading plan, Grantor Retained Annuity Trust, Dynasty LLC
3 terms
10b5-1 trading plan financial
"were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
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.
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) report for Christian Kleinerman?
Snowflake (SNOW) reported that EVP, Product Management Christian Kleinerman sold 29,986 shares of common stock at $300.0000 per share on July 31, 2026. The disposition was reported as a sale transaction in common stock.
Were the Snowflake (SNOW) insider sales made under a 10b5-1 trading plan?
Yes. A footnote states the sales were effected pursuant to a 10b5-1 trading plan adopted by Kleinerman on December 26, 2025. The filing’s Rule 10b5-1 checkbox is also marked as affirming use of such a trading plan.
Did the Snowflake (SNOW) filing specify entities involved in the indirect sales?
Yes. Some sold shares were held by the Kleinerman 2020 Dynasty LLC and Kleinerman 2020 Nonexempt LLC, entities for which Kleinerman is manager and whose beneficiaries include his immediate family, as described in the footnotes.