Form 4: Snowflake EVP Christian Kleinerman Reports Stock Transactions

Christian Kleinerman, EVP of Product Management at Snowflake Inc., reports the disposition and acquisition of Class A Common Stock, including sales to cover tax obligations and transactions through grantor retained annuity trusts and an LLC.

Summary

• Christian Kleinerman, EVP of Product Management at Snowflake Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On March 20, 2025, shares were withheld to cover tax obligations upon vesting of restricted stock units, at a price of $155.96.
• Specifically, 7,199 shares and 863 shares were disposed of to cover these obligations.
• On March 21, 2025, 7,908 shares of Class A Common Stock were sold at $154.67 per share, pursuant to a pre-arranged 10b5-1 trading plan.
• Following these transactions, Kleinerman directly owns 600,632 shares of Class A Common Stock.
• Kleinerman also indirectly owns shares through several trusts and an LLC, including the Christian Kleinerman 2022, 2023, and 2024 Grantor Retained Annuity Trusts, and the Kleinerman 2020 Dynasty LLC.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions without indicating positive or negative performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future performance.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares, but the overall impact is likely minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Snowflake, Kleinerman, SNOW, Securities