Snowflake EVP gifts 11,238 shares to family LLC
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Snowflake Inc. (SNOW) reported that EVP, Product Management Christian Kleinerman made a bona fide gift transfer of 11,238 shares of common stock on September 11, 2026, from the Christian Kleinerman 2023 Grantor Retained Annuity Trust to the Kleinerman 2020 Nonexempt LLC, an entity associated with his immediate family.
On the same date, the trust also distributed 21,478 shares to Kleinerman as an annuity payment, after which he held 341,365 shares directly and additional indirect holdings through several Grantor Retained Annuity Trusts and LLCs.
Insider Trade Summary
11,238 shares gifted
Gift
1 txn
Insider
Kleinerman Christian
Role
EVP, Product Management
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1, F2, F3 | 11,238 | $0.00 | $0.00 |
| Holding | Common Stock F2, F4 | -- | -- | -- |
| Holding | Common Stock F5 | -- | -- | -- |
| Holding | Common Stock F1, F6 | -- | -- | -- |
| Holding | Common Stock F7 | -- | -- | -- |
| Holding | Common Stock F8 | -- | -- | -- |
| Holding | Common Stock F9 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, 2023 GRAT);
Common Stock — 341,365 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)
Holdings Before and After:
Common Stock, 11,238 to 0 shares (Indirect, 2023 GRAT)
Footnotes (9)
- F1. Upon termination of the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023, on September 11, 2026, 11,238 shares were transferred to the Kleinerman 2020 Nonexempt LLC, for which the Reporting Person is a manager and the Reporting Person's immediate family members are beneficiaries of a trust that is the sole member.
- F2. Reflects the distribution of 21,478 shares from the 2023 Grantor Retained Annuity Trust dated September 1, 2023 to the Reporting Person as an annuity payment on September 11, 2026.
- F3. Shares were held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.
- F4. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F5. 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.
- F6. 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.
- 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.
- F9. 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
Gifted shares: 11,238 shares
Annuity distribution: 21,478 shares
Direct holdings after transaction: 341,365 shares
+4 more
7 metrics
Gifted shares
11,238 shares
Bona fide gift transfer on September 11, 2026 from 2023 GRAT to 2020 Nonexempt LLC
Annuity distribution
21,478 shares
Distribution from 2023 Grantor Retained Annuity Trust to Christian Kleinerman on September 11, 2026
Direct holdings after transaction
341,365 shares
Common stock held directly by Christian Kleinerman after the reported transactions, including RSU-related shares
2024 GRAT holdings
85,085 shares
Indirect holdings in the Christian Kleinerman 2024 Grantor Retained Annuity Trust
2025 GRAT holdings
100,000 shares
Indirect holdings in the Christian Kleinerman 2025 Grantor Retained Annuity Trust
2026 GRAT holdings
100,000 shares
Indirect holdings in the Christian Kleinerman 2026 Grantor Retained Annuity Trust
Gift price per share
$0.00 per share
Reported price for the bona fide gift of 11,238 shares
Key Terms
Grantor Retained Annuity Trust, bona fide gift, restricted stock units, Dynasty LLC
4 terms
Grantor Retained Annuity Trust financial
"Upon termination of the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023"
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.
bona fide gift financial
"transaction code description indicates the transaction was a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
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.
Dynasty LLC financial
"Shares are held by the Kleinerman 2020 Dynasty LLC for which the Reporting Person is the manager"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SNOW executive Christian Kleinerman report?
He reported a bona fide gift transfer of 11,238 SNOW shares of common stock on September 11, 2026, from his 2023 Grantor Retained Annuity Trust to the Kleinerman 2020 Nonexempt LLC, an entity associated with his immediate family.
What are Christian Kleinerman’s direct holdings in SNOW after the reported transactions?
After the reported transactions, Christian Kleinerman held 341,365 shares directly of Snowflake common stock. A footnote states this amount includes shares to be issued upon vesting of one or more restricted stock units.
What indirect Snowflake (SNOW) holdings does Christian Kleinerman report through GRATs?
He reports indirect holdings of 85,085 shares in a 2024 Grantor Retained Annuity Trust, 100,000 shares in a 2025 Grantor Retained Annuity Trust, and 100,000 shares in a 2026 Grantor Retained Annuity Trust, all for which he is trustee.
Were the SNOW insider transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not checked, meaning the reported gift and related holdings updates were not affirmed as being made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
