Form 4: Snowflake EVP Christian Kleinerman Reports Changes in Beneficial Ownership
SEC Filing Form 4
Christian Kleinerman, EVP of Product Management at Snowflake Inc., reports changes in beneficial ownership of Class A Common Stock, including acquisitions and holdings through various entities.
Summary
- Christian Kleinerman, EVP of Product Management at Snowflake Inc., filed a Form 4 detailing changes in beneficial ownership of Snowflake's Class A Common Stock.
- On March 20, 2024, Kleinerman acquired 27,340 shares of Class A Common Stock.
- These shares represent restricted stock units vesting quarterly over four years, starting June 20, 2024.
- Following the reported transaction, Kleinerman directly owns 775,597 shares of Class A Common Stock.
- Kleinerman also indirectly owns 58,568 shares through the Kleinerman 2020 Dynasty LLC, 75,307 shares through the Christian Kleinerman 2022 Grantor Retained Annuity Trust, and 100,000 shares through the Christian Kleinerman 2023 Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock vesting, so the sentiment is neutral.
Future Outlook
The restricted stock units will vest quarterly over four years, subject to the Reporting Person's continuous service.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: acquisition of 27,340 shares of Class A Common Stock. |
| 06/20/2024 | First quarterly vesting date for restricted stock units. |
| 03/22/2024 | Date of Form 4 filing. |
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