Snowflake EVP sells 2,986 shares in preset plan
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.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,986 | $175.34 | $524K |
| Exercise Price or Tax Liability | Common Stock | 1,567 | $178.66 | $280K |
| Exercise Price or Tax Liability | Common Stock | 1,456 | $178.66 | $260K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (8)
- F1. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F2. 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.
- F3. 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.
- 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 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.
- F7. Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee.
- F8. Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025 for which the Reporting Person is the trustee.
FAQ
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