Form 4: Snowflake EVP Product Management Reports Stock Transfers
Insider Transaction Report
Christian Kleinerman, Snowflake's EVP of Product Management, reported several stock transfers related to grantor retained annuity trusts and LLCs for estate planning purposes.
Summary
- Christian Kleinerman, EVP, Product Management at Snowflake Inc. (SNOW), filed a Form 4 detailing changes in beneficial ownership of common stock.
- On December 26, 2025, 5,086 shares were transferred from the Christian Kleinerman 2022 Grantor Retained Annuity Trust (GRAT) to the Kleinerman 2020 Nonexempt LLC upon the GRAT's termination.
- Kleinerman transferred 100,000 shares of Snowflake common stock to the newly established Christian Kleinerman 2025 Grantor Retained Annuity Trust on December 26, 2025.
- An annuity payment of 42,620 shares was distributed from the 2023 Grantor Retained Annuity Trust to Kleinerman directly on December 26, 2025.
- Following these transactions, Kleinerman directly beneficially owns 481,351 shares, and indirectly owns shares through various trusts and LLCs: 38,568 shares via Kleinerman 2020 Dynasty LLC, 5,086 shares via Kleinerman 2020 Nonexempt LLC, 32,716 shares via 2023 GRAT, 85,085 shares via 2024 GRAT, and 100,000 shares via 2025 GRAT.
Sentiment
Score: 5
Explanation: Neutral. This Form 4 reports routine insider transactions related to estate planning and does not reflect positively or negatively on the company's operational or financial performance.
Future Outlook
No forward-looking statements or guidance regarding the company's performance are provided in this filing.
Industry Context
This filing is a routine insider transaction report for estate planning and does not provide industry-specific context or trends.
Related Party Transactions
- Christian Kleinerman, EVP, Product Management, engaged in transactions involving various Grantor Retained Annuity Trusts (GRATs) and LLCs where he is a trustee/manager and his immediate family members are beneficiaries. These transactions include the termination of the 2022 GRAT and transfer of 5,086 shares to Kleinerman 2020 Nonexempt LLC, the funding of the 2025 GRAT with 100,000 shares, and an annuity payment of 42,620 shares from the 2023 GRAT to Kleinerman.
Stakeholder Impact
- No direct impact on shareholders, employees, customers, suppliers, or creditors is indicated by these routine insider estate planning transactions.
Key Dates
| Date | Description |
|---|---|
| 06/24/2022 | Date of Christian Kleinerman 2022 Grantor Retained Annuity Trust establishment. |
| 09/01/2023 | Date of Christian Kleinerman 2023 Grantor Retained Annuity Trust establishment. |
| 12/20/2024 | Date of Christian Kleinerman 2024 Grantor Retained Annuity Trust establishment. |
| 12/14/2025 | Date of Christian Kleinerman 2025 Grantor Retained Annuity Trust establishment. |
| 12/26/2025 | Date of reported transactions, including GRAT termination, new GRAT funding, and annuity payment. |
| 12/30/2025 | Date of Form 4 signature. |
Keywords
Snowflake Inc., SNOW, Christian Kleinerman, Form 4, Insider Transaction, Beneficial Ownership, Grantor Retained Annuity Trust, GRAT, Estate Planning, EVP Product Management
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