[Form 4] Snowflake Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snowflake (NYSE: SNOW) filed a Form 4 showing that EVP, Product Management Christian Kleinerman sold 5,000 Class A shares on 06/25/2025 at $225, raising about $1.125 million. The sale was executed under a pre-arranged Rule 10b5-1 plan adopted 12/19/2024.

After the transaction, Kleinerman still beneficially owns roughly 839,403 shares (557,336 direct; 48,568 via an LLC; 233,499 across three GRATs). No derivative security activity was reported.

The disposal represents less than 1 % of his holdings—modest in percentage terms but material in dollar value—providing a limited signal on insider sentiment.

Positive

• None.

Negative

• EVP Christian Kleinerman sold 5,000 shares worth approximately $1.125 million, a sizable cash sale that can be viewed as a modestly negative insider signal.

Insights

Insider Trading Analyst

TL;DR: $1.1 M sale equals <1% of stake; muted signal

The reported 5,000-share sale, though worth $1.125 M, reduces Kleinerman’s exposure by only 0.6%. Because it was executed under a December-2024 10b5-1 plan, the move appears routine portfolio diversification rather than a reaction to new information. His continuing 839 K-share position aligns incentives with shareholders and limits negative interpretation. Absent parallel selling by other insiders or adverse company news, the filing should have minimal impact on valuation or perception of Snowflake’s fundamentals.

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.

106 EAST BABCOCK STREET, SUITE 3A

(Street)

BOZEMAN MT 59715

(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)
06/25/2025

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
Class A Common Stock	06/25/2025		S(1)		5,000	D	$225	48,568	I	LLC(2)
Class A Common Stock								557,336(3)	D
Class A Common Stock								33,499	I	2022 GRAT(4)
Class A Common Stock								100,000	I	2023 GRAT(5)
Class A Common Stock								100,000	I	2024 GRAT(6)

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. 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.

3. Includes shares to be issued in connection with the vesting of one or more restricted stock units.

4. Shares are held by the Christian Kleinerman 2022 Grantor Retained Annuity Trust dated June 24, 2022 for which the Reporting Person is the trustee.

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.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	06/26/2025
	** 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

How many SNOW shares did EVP Christian Kleinerman sell on June 25 2025?

He sold 5,000 Class A shares on 06/25/2025.

What was the average sale price for the shares sold by SNOW's EVP?

The shares were sold at an average price of $225 per share.

What is Christian Kleinerman's total beneficial ownership after the sale?

He now beneficially owns about 839,403 SNOW shares (557,336 direct; 48,568 via LLC; 233,499 via three GRAT trusts).

Was the sale executed under a Rule 10b5-1 trading plan?

Yes. The transaction was carried out under a 10b5-1 plan adopted on 12/19/2024.

Did the Form 4 disclose any option exercises or other derivative transactions?

No. No derivative security activity was reported in Table II.