Snowflake (SNOW) EVP Kleinerman sells 10,000 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. executive Christian Kleinerman reported open-market sales of 10,000 shares of Common Stock. On June 1, 2026, he sold 7,500 shares at $275.00 per share and 2,500 shares at $263.00 per share under a pre-arranged Rule 10b5-1 trading plan. Despite these sales, he remains a significant shareholder, with over 400,000 shares held directly and additional indirect holdings through grantor retained annuity trusts and family LLCs.
Positive
- None.
Negative
- None.
Insights
Pre-planned sale of 10,000 Snowflake shares, holdings remain large.
Executive Vice President of Product Management Christian Kleinerman sold 10,000 Snowflake common shares in two open-market transactions at $275.00 and $263.00 per share. A footnote states these sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on December 26, 2025.
The filing shows over 400,000 shares still held directly after the sales, indicating the transactions represent a relatively small portion of his reported direct position. Separate entries list substantial indirect holdings through several Grantor Retained Annuity Trusts and family LLCs, which are estate and wealth-planning vehicles rather than trading accounts.
Because the transactions are modest relative to his overall stake and executed under a pre-planned 10b5-1 arrangement, they generally signal routine portfolio diversification or liquidity management rather than a directional view on Snowflake’s near-term prospects. Subsequent company filings may further update his equity position as restricted stock units vest over time.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($2,720,000)
Net Sell
8 txns
Insider
Kleinerman Christian
Role
EVP, Product Management
Sold
10,000 shs ($2.72M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,500 | $263.00 | $658K |
| Sale | Common Stock | 7,500 | $275.00 | $2.06M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 425,994 shares (Direct, null);
Common Stock — 38,568 shares (Indirect, LLC)
Footnotes (1)
- 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. Includes shares to be issued in connection with the vesting of one or more restricted stock units. On May 30, 2026, the Reporting Person transferred 100,000 shares of the Issuer's Common Stock to the Christian Kleinerman 2026 Grantor Retained Annuity Trust dated May 30, 2026 for which the Reporting Person is the trustee. 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. 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. Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee. Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee. Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025 for which the Reporting Person is the trustee. 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 $275.00: 7,500 shares
Shares sold at $263.00: 2,500 shares
Total shares sold: 10,000 shares
+4 more
7 metrics
Shares sold at $275.00
7,500 shares
Open-market sale of Common Stock on June 1, 2026
Shares sold at $263.00
2,500 shares
Open-market sale of Common Stock on June 1, 2026
Total shares sold
10,000 shares
Net open-market sales reported in this Form 4
Direct holdings after sales
Over 400,000 shares
Direct ownership reported following June 1, 2026 transactions
2026 GRAT holdings
100,000 shares
Transferred to 2026 Grantor Retained Annuity Trust on May 30, 2026
2024 GRAT holdings
85,085 shares
Indirect ownership via 2024 Grantor Retained Annuity Trust
2023 GRAT holdings
32,716 shares
Indirect ownership via 2023 Grantor Retained Annuity Trust
Key Terms
10b5-1 trading plan, Grantor Retained Annuity Trust, Dynasty LLC, restricted stock units, +1 more
5 terms
10b5-1 trading plan financial
"The sales reported in this Form 4 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
"Grantor Retained Annuity Trust dated May 30, 2026 for which the Reporting Person is the trustee"
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"
restricted stock units financial
"Includes shares to be issued in connection with the vesting of one or more 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.
indirect ownership financial
"Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025"
FAQ
What insider transaction did Snowflake (SNOW) EVP Christian Kleinerman report?
Christian Kleinerman reported selling 10,000 Snowflake common shares. The Form 4 shows two open-market sales totaling 10,000 shares of Common Stock on June 1, 2026, with prices of $275.00 and $263.00 per share, as part of his disclosed equity activity.
Was Christian Kleinerman’s Snowflake (SNOW) stock sale pre-planned under Rule 10b5-1?
Yes, the sales were executed under a Rule 10b5-1 trading plan. A footnote explains the transactions occurred pursuant to a 10b5-1 plan adopted on December 26, 2025, indicating the timing was pre-arranged rather than discretionary.
What indirect Snowflake (SNOW) holdings does Christian Kleinerman report?
He reports indirect Snowflake holdings through multiple trusts and LLCs. The filing lists shares held in several Grantor Retained Annuity Trusts dated 2023–2026 and family LLCs, where he is trustee or manager and family members are beneficiaries.
What is the significance of the GRATs in Christian Kleinerman’s Snowflake (SNOW) Form 4?
The GRATs indicate estate-planning structures for Snowflake shares. Multiple Grantor Retained Annuity Trusts, where Kleinerman serves as trustee, hold Snowflake common stock, reflecting long-term wealth-transfer planning rather than typical trading or short-term speculation.