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

Snowflake's EVP of Product Management, Christian Kleinerman, sold 10,000 shares of common stock for $223.88 per share 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 company common stock.
• The transaction involved the disposition of 10,000 shares of Snowflake common stock.
• The shares were sold at a price of $223.88 per share.
• The sale occurred on October 1, 2025, and was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Kleinerman on December 19, 2024.
• Following this transaction, Mr. Kleinerman directly beneficially owns 532,450 shares, which includes shares to be issued in connection with the vesting of restricted stock units.
• He also indirectly beneficially owns 48,568 shares through the Kleinerman 2020 Dynasty LLC, 5,086 shares through the Christian Kleinerman 2022 Grantor Retained Annuity Trust, 100,000 shares through the Christian Kleinerman 2023 Grantor Retained Annuity Trust, and 100,000 shares through the Christian Kleinerman 2024 Grantor Retained Annuity Trust.

Sentiment

Score: 5

Explanation: Neutral, as it reports a pre-planned insider transaction without additional context on company performance or strategic shifts. Such sales are common and do not inherently indicate positive or negative sentiment.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction report (Form 4) for an executive at a publicly traded technology company. Such filings are common and typically reflect pre-planned sales under Rule 10b5-1, which allows insiders to sell shares at a predetermined time or price to avoid accusations of trading on material non-public information. It does not provide broader industry trends or competitive insights.

Related Party Transactions

• Indirect beneficial ownership of 48,568 shares through the Kleinerman 2020 Dynasty LLC, for which the Reporting Person is the manager and immediate family members are beneficiaries.
• Indirect beneficial ownership of 5,086 shares through the Christian Kleinerman 2022 Grantor Retained Annuity Trust, for which the Reporting Person is the trustee.
• Indirect beneficial ownership of 100,000 shares through the Christian Kleinerman 2023 Grantor Retained Annuity Trust, for which the Reporting Person is the trustee.
• Indirect beneficial ownership of 100,000 shares through the Christian Kleinerman 2024 Grantor Retained Annuity Trust, for which the Reporting Person is the trustee.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in the executive's direct ownership, but the transaction was pre-planned and is generally not considered a significant indicator of company health or future prospects.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this routine insider transaction filing.

Key Dates

Keywords

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