4/A: Snowflake EVP Corrects Share Sale Filing

Snowflake Inc.'s EVP of Product Management, Christian Kleinerman, amended a Form 4 to correct the number of shares sold on December 23, 2025, from 4,755 to 2,611.

Summary

• Christian Kleinerman, Executive Vice President of Product Management at Snowflake Inc. (SNOW), filed an amended Form 4.
• The amendment corrects an administrative error in a previously reported sale of common stock.
• The original Form 4 incorrectly stated a sale of 4,755 shares.
• The corrected filing indicates a sale of 2,611 shares of common stock.
• The transaction occurred on December 23, 2025, at a price of $224.3 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Kleinerman on December 19, 2024.
• Following the corrected transaction, Mr. Kleinerman beneficially owns 538,731 shares of Snowflake common stock, which includes shares to be issued upon vesting of restricted stock units.

Sentiment

Score: 5

Explanation: The filing is neutral as it primarily serves to correct an administrative error in a previously reported insider transaction. It does not provide new operational or financial performance information.

Positives

• The correction reduces the reported insider selling amount, indicating less disposition of shares by a key executive than initially disclosed.

Negatives

• An administrative error led to an incorrect initial filing, which could raise minor concerns about internal reporting accuracy.

Risks

• The initial administrative error, though corrected, highlights a potential for inaccuracies in regulatory filings.

Future Outlook

This filing is an amendment to a past transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The amendment is being filed to correct the number of shares sold by the Reporting Person on December 23, 2025, as the original Form 4 incorrectly reported a sale of 4,755 shares due to administrative error.

Industry Context

Insider transaction filings like Form 4/A provide transparency into executive stock ownership and trading activities, which are routinely monitored by investors for insights into management's confidence and financial planning. The use of a 10b5-1 plan is a common practice for executives to pre-arrange stock sales to avoid accusations of trading on material non-public information.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan by an executive is a standard practice in the technology industry and across public companies to manage personal stock sales in compliance with insider trading regulations.
• Administrative errors in SEC filings, while not ideal, are not uncommon across industries and are typically corrected promptly via amendments like this Form 4/A.

Stakeholder Impact

• Shareholders: Provides corrected information regarding an executive's stock sale, potentially reducing initial concerns about the extent of insider selling.
• Regulatory Authorities: Demonstrates compliance with SEC reporting requirements by correcting an error.

Next Steps

• No specific future actions or milestones are mentioned in this amendment filing.

Key Dates

Keywords

Snowflake, SNOW, Form 4, Insider Transaction, Christian Kleinerman, Share Sale, Executive, 10b5-1 Plan, Amendment