Snowflake EVP Kleinerman sells 2,986 shares
Snowflake’s EVP of Product Management reported a planned stock sale and RSU tax-withholding dispositions while maintaining significant indirect holdings in multiple trusts.
Rhea-AI Filing Summary
Snowflake Inc. executive Christian Kleinerman, EVP of Product Management, reported transactions in the company’s common stock. On September 16, 2026, he sold 2,986 shares at $318.51 per share in a transaction effected under a Rule 10b5-1 trading plan adopted on December 26, 2025.
On September 15, 2026, a total of 4,366 shares were withheld at $332.35 per share to satisfy tax withholding obligations upon vesting of restricted stock units. Kleinerman also reports indirect holdings through LLCs and Grantor Retained Annuity Trusts, including 85,085 shares in a 2024 GRAT and 100,000 shares in each of 2025 and 2026 GRATs.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 2,986 shares
Net Sell
9 txns
Insider
Kleinerman Christian
Role
EVP, Product Management
Sold
2,986 shs ($951K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3, F2 | 2,986 | $318.51 | $951K |
| Tax Withholding | Common Stock F1, F2 | 1,567 | $332.35 | $521K |
| Tax Withholding | Common Stock F1, F2 | 1,456 | $332.35 | $484K |
| Tax Withholding | Common Stock F1, F2 | 1,343 | $332.35 | $446K |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
| holding | Common Stock F8 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 334,013 shares (Direct);
Common Stock — 29,806 shares (Indirect, LLC);
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. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. 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.
- F4. 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.
- F5. 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.
- 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: 2,986 shares
Sale price per share: $318.51 per share
RSU tax-withholding shares: 4,366 shares
+4 more
7 metrics
Shares sold
2,986 shares
Common stock sale on September 16, 2026
Sale price per share
$318.51 per share
Common stock sale of 2,986 shares on September 16, 2026
RSU tax-withholding shares
4,366 shares
Shares withheld for tax obligations on RSU vesting on September 15, 2026
RSU tax-withholding price
$332.35 per share
Price used for 4,366 withheld shares on September 15, 2026
2024 GRAT indirect holdings
85,085 shares
Common stock held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust
2025 GRAT indirect holdings
100,000 shares
Common stock held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust
2026 GRAT indirect holdings
100,000 shares
Common stock held by the Christian Kleinerman 2026 Grantor Retained Annuity Trust
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Grantor Retained Annuity Trust, tax withholding obligations, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was 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.
restricted stock units financial
"tax withholding obligations on the vesting of 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.
Grantor Retained Annuity Trust financial
"Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024"
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.
tax withholding obligations financial
"shares withheld to satisfy tax withholding obligations on the vesting"
beneficiaries financial
"the Reporting Person's immediate family members are the beneficiaries"
Beneficiaries are the people or organizations designated to receive benefits, such as money or assets, from a financial arrangement like a trust, insurance policy, or retirement plan. They matter to investors because choosing the right beneficiaries ensures that assets are passed on according to their wishes, providing financial security or support to loved ones when needed. Think of beneficiaries as the intended recipients of a gift or inheritance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Snowflake (SNOW) EVP Christian Kleinerman sell in this Form 4?
He sold 2,986 shares of Snowflake common stock on September 16, 2026 at a price of $318.51 per share. This sale was reported as a non-derivative open-market or private transaction in the Form 4.
Was the SNOW stock sale by Christian Kleinerman under a Rule 10b5-1 plan?
Yes. The filing states the sale of 2,986 shares on September 16, 2026 was effected pursuant to a Rule 10b5-1 trading plan adopted by Christian Kleinerman on December 26, 2025.
What indirect Snowflake (SNOW) holdings does Christian Kleinerman report?
He reports indirect ownership through several entities, including 85,085 shares held by the 2024 Grantor Retained Annuity Trust and 100,000 shares held by each of the 2025 and 2026 Grantor Retained Annuity Trusts, for which he is trustee.
How are LLCs used in Christian Kleinerman’s Snowflake (SNOW) holdings?
Some Snowflake shares are held by the Kleinerman 2020 Dynasty LLC and the Kleinerman 2020 Nonexempt LLC, where Christian Kleinerman is manager and his immediate family members or their trust are beneficiaries, indicating indirect ownership through these entities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
