Form 4: Snowflake EVP Sells 10,000 Shares Under 10b5-1 Plan

Snowflake Inc.'s EVP of Product Management, Christian Kleinerman, sold 10,000 shares of common stock for $249.53 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Christian Kleinerman, Executive Vice President of Product Management at Snowflake Inc. (SNOW), reported a sale of 10,000 shares of common stock.
• The transaction occurred on December 1, 2025, with shares sold at a price of $249.53 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Kleinerman on December 19, 2024.
• Following this transaction, Mr. Kleinerman directly beneficially owns 512,450 shares of common stock, which includes shares to be issued upon vesting of restricted stock units.
• Additionally, Mr. Kleinerman indirectly beneficially owns 38,568 shares through the Kleinerman 2020 Dynasty LLC, 100,000 shares through the Christian Kleinerman 2023 Grantor Retained Annuity Trust, 100,000 shares through the Christian Kleinerman 2024 Grantor Retained Annuity Trust, and 5,086 shares through the Christian Kleinerman 2022 Grantor Retained Annuity Trust.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned sale under a 10b5-1 plan, which is a neutral event for the company's outlook. It reflects personal financial management rather than a change in the executive's confidence in the company.

Future Outlook

NA

Industry Context

This filing represents a routine insider transaction, common among executives for personal financial planning, diversification, or liquidity, often pre-scheduled through 10b5-1 plans to avoid accusations of trading on material non-public information. It does not inherently reflect a change in the company's operational performance or strategic direction.

Related Party Transactions

• Indirect beneficial ownership of 38,568 shares through the Kleinerman 2020 Dynasty LLC, where the Reporting Person is the manager and immediate family members are beneficiaries.
• Indirect beneficial ownership of 100,000 shares through the Christian Kleinerman 2023 Grantor Retained Annuity Trust, where the Reporting Person is the trustee.
• Indirect beneficial ownership of 100,000 shares through the Christian Kleinerman 2024 Grantor Retained Annuity Trust, where the Reporting Person is the trustee.
• Indirect beneficial ownership of 5,086 shares through the Christian Kleinerman 2022 Grantor Retained Annuity Trust, where the Reporting Person is the trustee.

Stakeholder Impact

• Shareholders: The sale is a routine, pre-planned insider transaction and is unlikely to have a significant impact on shareholder sentiment or the company's valuation.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-planned insider stock sale by an executive under a 10b5-1 trading plan. Such transactions are typically for personal financial management and diversification, not an indication of new material information or a change in the company's fundamental prospects. Therefore, it does not provide a basis to alter an existing investment recommendation for Snowflake Inc. The stock should be held based on its underlying business fundamentals, independent of this specific insider transaction.

Keywords

Snowflake, SNOW, Insider Trading, Form 4, Stock Sale, Executive Compensation, 10b5-1 Plan, Christian Kleinerman