Snowflake (NYSE: SNOW) EVP trims stake with 2,986-share sale

Rhea-AI Filing Summary

Snowflake Inc. executive Christian Kleinerman, EVP of Product Management, reported an open-market sale of 2,986 shares of Common Stock at $175.34 per share on March 17, 2026, executed under a pre-arranged Rule 10b5-1 trading plan.

On March 16, 2026, an additional 1,567 shares and 1,456 shares were withheld to cover tax obligations tied to restricted stock unit vesting, which are not market sales. After these transactions, he held 496,052 shares directly and also maintained indirect holdings through several LLCs and grantor retained annuity trusts.

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

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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.

135 CONSTITUTION DRIVE

(Street)

MENLO PARK CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common Stock	03/16/2026		F(1)		1,567	D	$178.66	500,494(2)	D
Common Stock	03/16/2026		F(1)		1,456	D	$178.66	499,038(2)	D
Common Stock	03/17/2026		S(3)		2,986	D	$175.34	496,052(2)	D
Common Stock								38,568	I	LLC(4)
Common Stock								5,086	I	LLC(5)
Common Stock								32,716	I	2023 GRAT(6)
Common Stock								85,085	I	2024 GRAT(7)
Common Stock								100,000	I	2025 GRAT(8)

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. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.

2. Includes (i) 226 shares acquired under a Section 423 Employee Stock Purchase Plan on March 12, 2026 and (ii) shares to be issued in connection with the vesting of one or more restricted stock units.

3. 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.

4. 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.

5. 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.

6. Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.

7. Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee.

8. Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025 for which the Reporting Person is the trustee.

Remarks:

	/s/ Marie Reider, Attorney-in-Fact	03/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Snowflake (SNOW) executive Christian Kleinerman report in this Form 4?

Christian Kleinerman reported selling 2,986 Snowflake shares in the open market. The transaction occurred at $175.34 per share on March 17, 2026, and was disclosed alongside tax-related share withholdings and updated direct and indirect ownership totals.

How many Snowflake (SNOW) shares did Christian Kleinerman sell and at what price?

He sold 2,986 shares of Snowflake common stock at $175.34 per share. This open-market transaction was recorded on March 17, 2026, and was executed under a Rule 10b5-1 trading plan previously adopted by the reporting person.

Were any of Christian Kleinerman’s Snowflake (SNOW) share movements related to taxes?

Yes, 1,567 and 1,456 shares were withheld to satisfy tax obligations. These March 16, 2026 dispositions covered taxes on restricted stock unit vesting and are distinct from open-market sales, functioning as non-market tax-withholding events.

How many Snowflake (SNOW) shares does Christian Kleinerman hold after these transactions?

After the reported transactions, he directly held 496,052 Snowflake shares. The filing also lists additional indirect holdings through LLCs and multiple grantor retained annuity trusts where he serves as manager or trustee.

Was the Snowflake (SNOW) share sale by Christian Kleinerman pre-planned?

Yes, the sale was carried out under a Rule 10b5-1 trading plan. A footnote explains the March 17, 2026 open-market sale followed a 10b5-1 plan adopted on December 19, 2024, indicating a pre-arranged trading schedule.

What types of indirect Snowflake (SNOW) holdings does Christian Kleinerman report?

He reports indirect holdings through two 2020 LLCs and three grantor retained annuity trusts. These include the Kleinerman 2020 Dynasty LLC, a 2020 Nonexempt LLC, and separate 2023, 2024, and 2025 GRATs for which he is manager or trustee.